Buying a new car is a long term investment. It is usually the second only to a home as the most expensive thing ever bought. The person has to shell out a vast sum of money later on not only for gas but its proper maintenance as well.
To some who can't afford to buy a new car, these people have to do the next best thing and settle for a second hand car.
According to consumer reports, a new car depreciates in value once it leaves the lot. This goes as high as 20% annually which makes it easy for someone to buy a fairly new car at almost half the price of a new one.
In addition, it can enable you to even buy a higher end model that has better performance, safety and other features than a new model. This saves you money which can be used for other things.
Before buying a car, it is best to think about the kind of car you is willing to spend for and the options that come with it. By doing some research and checking out various dealers, you will be able to pick the right car and get the best deal.
You can buy a used car either from a dealer or from a private person. Before spending money on a used car, these are a few tips you must be aware of.