New or Used Car
New or used car? That’s the question you ask yourself when you are trying to buy a car. The decision to buy a new or used car depends on what you can afford and what you feel comfortable with. Most people think buying a new car is better. In some instance, I agree entirely. Obviously, no one wants to use something someone else has already used. Nonetheless, I do believe that in some cases, buying used car has many more positives than buying a new one. Buying some used things not only cost less, but may actually last longer and run better. Both choices have their advantages and disadvantages, but a new car is a better choice. For instance, I took buses to work every day since I was 16. Afterwards, my mom purchased a used 2003 Toyota Camry for 3,000 and it was my first car. Driving a used car can be very stressful, while driving a new car is stress free. The difference between used and new car is the cost, convenience, the security, and insurance.
The first thing to be mindful of when you are looking for a new or used car is the monetary value. New cars often cost more than used cars. There’s also a big difference in the value that each car has. A new car loses its value very quickly. The value of a used car on the other hand is constant for a couple of years. For example, my sister has a new 2008 Toyota Camry that cost about 13,000. The difference is clear in comparing the prices, although they came from the same company. When you are driving a new car, you need to avoid depreciation value. Unless you buy a classic or unusual car, the new car value would drop immediately you drive it out of the dealership lot. The value of the car decreases from 15 to 20 percent. For example, if you were to buy a new car for $20,000, as soon as you drive away from that dealership your new ride is now worth between $16,000 and $17,800. But it doesn’t stop there; your car will continue to decrease in value from 7 to 12 percent yearly. The best deal is to buy a used low mileage car, so that you don’t waste resources. Used car might not be as cheap to run, especially if they haven’t been well maintained by the previous owner. So, the costs to manage and maintenance could cost you more in the long run.
Next, there’s a lot more convenience in a new car. A new car makes the owner feel comfortable and have a sense of pleasure. A new car comes with a warranty (sometimes up to 5 years), so in case you have mechanical problems, you don’t have to pay a lot of money. Also, there’s no panic or fear that something bad is going to happen. Used cars usually don’t come with a warranty (especially if you buy it...