Buying New over Used? Why?
Used vs New
People complain all the time about having no money, being broke, and always having bills to pay. Chances are that person also owns a new car. I’m not sure how broad a range this “new car syndrome” extends, but I have seen it a lot. This is not just geared towards young people, many older people do the same thing. Why I’ll never know.
Here’s my take on it. Everybody wants to drive something nice, whether its to be respected or look cool or some other arbitrary reason. Why do people want new vehicles?: To show-off, to seem well-off, they believe they will have less maintenance, or problems, or they just plain like the vehicle that no other will suffice.
Vehicles depreciate fast, and their biggest drop is when you drive it off the lot. BAMMM you just lost 00-000. Still like that new car? If your leasing you have the monthly payments to make and the buyout at the end of the lease to pay, its just so much money. All that could have been used elsewhere.
What really get me is when someone buys a new crappy car. Really come on. Why not use the money to buy a used car of nicer make. Used cars can look just as good as old, and grab just the same amount of attention. Buying used you pay once your done. You can afford to get the brand you want, but say a couple of years older, but with a lot lower price. Or cars you could never afford new, why not by a older used version? How is that a loss. Cars usually keep their design for at least a couple of years so no one can tell the difference anyway. Is that at 08′? No, its a 06′.
To me if you aren’t Mr. Moneybags buying used makes more sense to me anyway. People may say what about all the breakdowns, maintenance on older vehicles? Well i say this. You most likely bought too old or didn’t completely check out the car before buying. Cars are becoming more reliable as the years progress, so they will last longer without the extra repairs. I for one will never buy a new car, unless i can pay for it in full with cash. I’d advise most people to think the same way for their financial future.
Read more from the General Gas Tips category. If you would like to leave a comment, click here: . or stay up to date with this post via RSS from your site.
Leave a Comment
If you would like to make a comment, please fill out the form below.