Should I Buy A New Car Or A Used Car?

Buying a car can be a difficult experience. You have loans to consider, your credit score to round up and all sorts of options on the table clamoring for your attention. How do you even get started? For starters, it helps to avoid the common pitfalls associated with getting a car. After all, you want this new addition to your life to give you the convenience and independence you’ve been lacking and not a whole new host of headaches to consider. For those raring to visit their local auto dealership, check out the list below for some useful advice.

Should I Buy Used Or New?

When it comes to buying used or new, statistics have shown Americans starting to learn toward the latter. Almost 40 million used cars are sold by both private sellers and dealerships on a yearly basis, with the year 2015 seeing the best annual count in the used car industry in an impressive eight year span. The most common price range for a used car is between $2,000 and $5,000, with good credit history and particular auto dealerships factoring into the type of loans you can achieve.

How Long Is A Used Car’s Lifespan?

Did you know the average car will have at least three owners in its lifetime? A study by the IHS Automotive company reported that cars, at least in the United States, are 11 years old on average. Drivers will keep their cars for around 71 months, or six years, and those that drive used are more likely to buy used again. There’s no need to be worried about the quality of a used car, as auto dealerships put each vehicle through a rigorous process to make sure it’s fit for sale.

Which Models Are The Most Popular?

Some car models are more popular than others. Manual transmissions have been found to outnumber automatic transmissions 10 to one in the used car market, with almost a third of the cars available having six cylinder motors — this is about the same amount as both four and eight cylinder motors totaled. No matter how popular a car is, however, what matters most is how well it suits your budget and lifestyle. This goes for a used Chevrolet, a used Mercedes or a used jeep. Do you travel a lot?
Do you have family? All these questions will help you buy the perfect car.

What Features Should I Look For?

Keep in mind that some cars for sale may be without certain features. Around 50% of available used cars, for example, have air-conditioning thanks to data collected in 2008. Your auto dealership should detail every feature your car has so you know you’re getting the most bang for your buck. Whether or not you qualify for low interest auto loans depends on your credit history, the auto dealership you’re visiting and current budget. Overall, a used car is a fantastic way to save money while still getting a high-quality vehicle for everyday life. Consider visiting your local auto dealership and see what deal you can take advantage of today.