Thursday, July 19, 2007

New Car? Used Car?

Because the program of the graduate school, I have to live here for two years. Therefore, buying a car is an important thing for me. In the past few weeks, I constantly compare the advantages between buying a new car and buying a used car. Because I might use the car only two years, the total cost of the car and the price I could sold two years later are the two things which I concern most. For new car, of course, I should pay much higher price to buy it than the used car. However, it will be the perfect condition and it has the warranty for 30,000 mile or 3 years. That means I don't need to worry about the maintenance cost of the car. In contrast, the condition of used car depends on the each car and I might pay much money for maintenance because some parts of the car need to replace as time goes by. In addition, the salesmen of the used car are very tricky. They sometimes cover up the history of the car. I have more risks of buying a used car because I am unfamiliar with the car, the culture of U.S., and, of course, the English. On the other hand, the condition and price of new are clearer. Moreover, although the rate of depreciation of new car is higher than used car, it is easier to sell my car two years later if I buy a new car. The used car of one owner is more popular in the market. It is so surprise to me that buying a new car is better for me. However, because buying a car is a big deal for me, I need to think it more and compare more before I make a decision.

3 comments:

Jennifer said...

Tim..
Before you buy a car, you have to consider it. Making a decision is another burden but you will make a great decision because you compare a used with new car.

Aaron Carlson said...

I have recently struggled with the same issue. It really depends how much driving you will be doing. I suspect you won't be doing any heavy duty driving. So a used car is probably a good bet for you. My wife an I both drive a lot because our work. We have a 2 year old car and a 7 year old car. For my wife I feel a lot better when she has the new car. I am constantly searching the web for a new car for myself, but every time I think of how much money I save even though the car needs maintance I change my mind.

Lazzzzyfish said...

Ya, same here. My bf and I still haven't decided which car to buy :(