New or Used Cars: The Better Deal?

Over the years, I see many people buying new cars and expecting the best deal...but do you really find it? Friends and others I have known have bought used and new cars before, which is better for you though? Well, I've found a used car is better in the long run, seeing how I bought my 1986 Fiero off Ebay over four years ago for a mere $520.00 and have not even put $1,000 in repairs. Most of the money I placed into fixing it was basic things that wear down after 20 years. My insurance runs $53 a month, my plate is only $32 each year and I have no payments for the car to pay since I own it. My mother has a 2003 Saturn and she pays $300+ for her plate each year, insurance is super expensive. I asked her many times why she cursed herself with the newer car when she had it made in 2003. She now has no warranty to replace anything when it breaks down. I'd hate to see the bills for repairs on her car.

In this article, I will tell you why I think used cars are better to buy. The comparisons are easy and simple:

USED CARS:

1) Costs you less to actually own it if you buy it at once

2) Insurance is lower than new cars

3) License plates are cheaper

4) No monthly payments or over six years to own your vehicle

5) Only money used after is for basic repairs, wear you put on it or even custom work

6) Older vehicles don't have the sophisticated computer, electronic gizmos that are very expensive to fix in newer models

7) Replacement parts are easier to find at Auto Zone, Advance Autos etc. And won't run an arm and a leg to buy

8) Many older cars are safer from collisions with real metals that were used

If you seriously do the math on this, a new car is a financial burden most people could live without. Why pay five or six years for a car that can be taken from you if you miss a payment? Granted, you get a warranty for repairs...but it's usually for a year policy, then what? Once it breaks down without a warranty not only are you paying for the monthly bill to own it eventually, but you also have to pay for repairs. That can break most incomes or you place it on the charge card to pay off later.

NEW CARS:

1) You don't own the car, the dealership does until they are paid off

2) Insurance is higher

3) Plates are higher