Buying A Car In Utah, The Decision To Buy Used Or New
People who buy Utah cars often feel unsure as to whether to buy new or used. Not everyone has this problem, of course-those who can't afford to buy new, or those who don't have high-enough credit ratings to get larger, new-car loans don't have such difficulties. If you suffer from this new-versus-used dilemma, and you have the ability to buy new if you want to, perhaps you should ask the following car-buying questions of yourself. The answers you generate might help you decide.
The first question you need to ask yourself is how much you think of buying a car as making an investment. If you answer, "Not at all," then you could very well be a used-vehicle kind of person. If you answer, "Totally," then you could be a new-vehicle sort of person and should check out buying new from Utah car dealers.
If you fit neither of these opposites, but you're somewhere in the middle, you should then consider asking other questions. Ask yourself how much it would bother you to lose value to depreciation the first and second year of ownership; do you truly want the higher monthly payments of a new vehicle; how important is driving a new car to you; how patient and experienced are you with vehicle repairs; how important is having your choice of options on a car, including color; how important are the most up-to-date safety and other features to you; how important is a mechanical warrantee; how many miles do you typically drive in a year; and how long do you want to keep this same car? As you answer these questions, notice which way each one makes you lean (new or used), and how much. When you assess all the leanings together, you hopefully can see which direction they point you towards.
If financial considerations are a concern for you, but you're not sure what each direction would do for you, there are plenty of online resources, real-live bankers, and Utah car dealership financial managers to help you look at your options and decide. Just a few general points: new-car loan interest rates are usually one to three percent lower than used-car loan interest rates; shorter loans usually come with lower interest rates than do more lengthy loans; and with excellent credit, people can sometimes acquire zero-percent loans from Utah car dealers.
Here are a few other details to consider: used, cheaper cars cost less for insurance than do new, more expensive cars; the older the used car, the more likely you could encounter repair costs that are unaffordable; some Utah used cars are automatically covered by warrantee programs, and others qualify for extended-warrantee purchase; and purchasing a one-year-old car could allow you to upgrade to a better-quality car for the same price as the brand-new car.
Utah car dealerships can help you look at all of your viable options for Utah used cars or Utah new cars. - 2368
The first question you need to ask yourself is how much you think of buying a car as making an investment. If you answer, "Not at all," then you could very well be a used-vehicle kind of person. If you answer, "Totally," then you could be a new-vehicle sort of person and should check out buying new from Utah car dealers.
If you fit neither of these opposites, but you're somewhere in the middle, you should then consider asking other questions. Ask yourself how much it would bother you to lose value to depreciation the first and second year of ownership; do you truly want the higher monthly payments of a new vehicle; how important is driving a new car to you; how patient and experienced are you with vehicle repairs; how important is having your choice of options on a car, including color; how important are the most up-to-date safety and other features to you; how important is a mechanical warrantee; how many miles do you typically drive in a year; and how long do you want to keep this same car? As you answer these questions, notice which way each one makes you lean (new or used), and how much. When you assess all the leanings together, you hopefully can see which direction they point you towards.
If financial considerations are a concern for you, but you're not sure what each direction would do for you, there are plenty of online resources, real-live bankers, and Utah car dealership financial managers to help you look at your options and decide. Just a few general points: new-car loan interest rates are usually one to three percent lower than used-car loan interest rates; shorter loans usually come with lower interest rates than do more lengthy loans; and with excellent credit, people can sometimes acquire zero-percent loans from Utah car dealers.
Here are a few other details to consider: used, cheaper cars cost less for insurance than do new, more expensive cars; the older the used car, the more likely you could encounter repair costs that are unaffordable; some Utah used cars are automatically covered by warrantee programs, and others qualify for extended-warrantee purchase; and purchasing a one-year-old car could allow you to upgrade to a better-quality car for the same price as the brand-new car.
Utah car dealerships can help you look at all of your viable options for Utah used cars or Utah new cars. - 2368
posted by Frank Potter at 1:46 AM
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