Deciding To Buy A New Vs Used Car In Utah
Thursday, December 24th, 2009
People who are looking to buy Utah cars often can’t decide whether to buy used or new. Of course, not all have this problem-people who can’t afford new, or who can’t access enough credit for new don’t suffer such indecision. But if you’re having trouble deciding between new and used, and you have the option to buy new, then you might want to answer the following car-buyer questions. Your answers might help you with your decision.
The primary question to ask yourself is how seriously you perceive buying a car as making an investment. If your answer is, “None at all,” you could very well be a used-car sort of person. On the other hand, if you think the other way around-that buying a car is mostly about making an investment-you should probably buy new from Utah car dealers.
If you don’t fit either of these opposites (you’re in the middle somewhere) you should answer a few other vehicle-related questions. You should ask yourself how crucial is driving a new car; how important is it to have the options you want, including color; how much would it bother you to lose lots of value in depreciation the first year or two of new-car ownership; how much would the higher monthly payments bother you; how capable and tolerant are you in handling vehicle repairs; how crucial is having a mechanical warrantee; how important is it for you to have the latest in safety and other features; how long do you plan to own the car; and how many miles do you drive in a year? When you answer these questions, pay attention to which way you lean and to what degree (towards buying used or new). With all leanings put together, you should see which way to go.
If you’re stressing over financial considerations, and you’re not sure how they apply to you, there are real-live bankers, online resources, and Utah car dealership financial managers to educate you. Here are a few general points: new-car loans typically have lower interest rates than used-car loans do-from one to three percent lower; longer loans usually come with higher interest rates than shorter ones do; and people who have excellent credit histories can often get zero-percent loans from Utah car dealers.
Here are a few other details to consider: used, cheaper cars cost less for insurance than do new, more expensive cars; the older the used car, the more likely you could encounter repair costs that are unaffordable; some Utah used cars are automatically covered by warrantee programs, and others qualify for extended-warrantee purchase; and purchasing a one-year-old car could allow you to upgrade to a better-quality car for the same price as the brand-new car.
Utah car dealerships can help you look at all of your viable options for Utah used cars or Utah new cars.
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