To get the most for your success in buying a new Used Car, do these things:
The benefit you gain in value and time saved will be well worth the investment of time and preparation. Do it right the first time!
Buying a used car has several advantages, varying with type, age, mileage, price range, etc. Most of them are financial in nature. Someone else eats the depreciation. A new car loses 10% of its value the moment after you have purchased it. It will lose almost 20% of its value the first year. Check out Edmunds’ fun infographic.
Directly to the point of the foregoing, you can have a near-new car, including full warranty (depending upon mileage and manufacturer’s offering), for a lot less money than buying brand new. The money you save you could invest. You work hard for your money, but it is even better when your money works for you!
Buying an older car in a lower price range allows you to pay cash or achieve a lower overall cost of ownership. Perhaps you have other things to do with your money like start a business, address health matters, take a vacation, or buy multiple vehicles for a family growing in number of drivers.
By paying cash or paying off in a shorter period, you own an asset instead of a liability.
Reduced care and obligation. New cars demand babying. If you are making payments, then you must pay premiums for full insurance coverage. But for a paid-off broken-in well-loved car, you are less worried about a shopping cart scuff, and you can buy liability only insurance if you like. The time and energy you save belong to you!
Buying a good used car can be such a blessing if you do it right. Welcome to the Ultimate Used Car Buying Guide!
Content in the Ultimate Used Car Buying Guide is organized primarily around the car-buying process. There are 12 primary steps:
While it is possible that some activities could vary across the steps, they are a pretty good representation of how things flow.
Use tags to navigate the topics, and the search to quickly find what you need.
Stories of successes and failures in used car buying
SD Story Mustang Convertible
SD Story 4×4 Suburban
SD Story Lexus 1 and Lexus 2
Buying Boat #1
Buying Boat #2
Buying School bus