When you are shopping for a car, finding the perfect used car can be a great way to get a car that you will love. While you may be able to afford a new car, buying used gives you the opportunity to purchase a car that may be a bit nicer and only slightly used. Cars that are only a year or two old are generally in great condition, and the amount of money you will pay for a car that is only a year or two old will be much lower than what you would pay for the car new. If you are in the market for a car that's new to you, it's always a great idea to consider a used car first.
Purchase a Car with More Accessories
While you may be able to afford a stripped-down, basic version of your favorite car, purchasing a used one gives you more options. When you want more accessories, like if you want heated seats and a great alarm system, you can more easily afford these accessories when you purchase your car used. When you buy a new car, the car will lose value the minute you drive it off the lot. Within a year, a new car will have lost significant value.
You'll Still Get a Good Finance Rate on a Used Vehicle
While you may be able to get an incredible deal on a new car when you put money down and have perfect credit, you can still get a decent finance rate on a used car when your credit is good. While used care loans typically have higher interest rates than loans for new cars, the lower purchase price will usually more than compensate for this difference. When you are willing to take out a car for five years or more, your payments will be highly affordable as part of your monthly budget.
Take Cars Out for Test Drives
If you love how a car looks and it's in your price range, you'll still need to take the car out for a test drive. Try out a used car that you love, and if you have the time, take a new car out that is the same model. You'll probably not notice much of a difference, and you'll realize that buying a used car makes the most sense. Take your time when testing out used cars, and don't be afraid to point out any flaws that you notice while you are driving.
