| If you're planning to purchase a vehicle, your first | | | | warranty. Also, if a used car is sold but has not met |
| decision needs to be whether to purchase a new or | | | | the time or mileage deadline for its original warranty, |
| used car. While there are distinct benefits to both | | | | that warranty is extended to the new owner. |
| choices, there are also drawbacks. | | | | Customization |
| To help you make your decision, keep reading to learn | | | | Unfortunately, there aren't a lot of customization |
| both the advantages and disadvantages of purchasing | | | | options with used cars. When ordering a new car from |
| either a new or used car. | | | | the manufacturer, you can choose your interior and |
| Price | | | | exterior color, options and features. |
| When it comes to straight-up price, the used car is | | | | However, for the right price any vehicle can be |
| always going to be cheaper. Vehicles realize the most | | | | customized, from changing the exterior color to |
| depreciation during their first three years on the road, | | | | airbrushing your name across the side, it certainly can |
| meaning a new car owner is going to get hit with that | | | | be done. |
| initial hit in value. | | | | Financing Costs |
| On top of depreciation, new car owners also have to | | | | While used cars are almost always cheaper than |
| pay for import fees, manufacturer's shipping costs, | | | | brand new models, vehicle manufacturers are fighting |
| customization costs and taxes. Few, if any, of these | | | | back with low to zero percent financing options. By |
| costs are ever passed on to the next buyer. | | | | wooing car buyers with no interest financing, new car |
| Maintenance and Warranty | | | | dealers undercut the used car market. |
| For peace of mind, the ball tends to be in the new car | | | | When you purchase a used vehicle, you can either |
| owner's court. New cars tend to come with extensive | | | | pay cash or obtain financing from your bank or the |
| manufacturer's warranties that cover them for | | | | dealership. Whether you use a line of credit or auto |
| anywhere from a year to five years. They also | | | | financing, you'll have to pay interest on that loan. |
| generally have less concern about upcoming repairs or | | | | In conclusion, there are benefits and disadvantages to |
| mechanical problems. | | | | purchasing both used and new. The distinctions in your |
| However, car manufacturers are beginning to offer | | | | choices are basically going to be either about money |
| "certified used cars." These cars, typically off-lease | | | | and savings or the desire for customization and peace |
| models, have undergone a thorough inspection and are | | | | of mind under warranty. |
| then certified by the manufacturer under a new | | | | |