When it comes time to car acquisition, a variety of choices available. The purchaser's choices aren't only the make and model but also includes whether or not to go for a new or used car.
This is a very important decision and it can make a huge difference in one's finances over the next several years. Don't forget that buying a car is not an investment. Here are tips to guide your choice of a car.
1. Advantages of a New Car
The advantage of purchasing a new car is that you are acquiring a car that generally comes with a warranty.
Most new vehicles will have very little or no repairs in the first few years; thus you can focus solely on the maintenance of the car. The seller may also grant financing at a lower interest rate, which can lessen the amount of interest you pay over the life of the loan.
An extra advantage is that the new cars will have the latest technology, for example, better gas mileage, lower emissions, and ability to connect your phone and other devices easily.