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Police Blue

Police Blue

Ned calls police dept about changing black targets to blue

Preowned Cars Vs New Cars

Are preowned cars or new cars better?  New cars begin depreciating the second you sign the papers.  That makes the question a lot simpler to answer.  Buy the car after it has taken the biggest value hit.  Balance that with the time when the car won't need as much repair work.  Those are most balanced in the late model used car.  The value has already dropped from new car state.  That loss went to the original owner.  The car is still in good condition, often still under warranty, so that it won't have need for constant and costly repairs like  an older model car needs.

Many sources provide these slightly used cars.  Car lots have a lot of traded in cars.  Those cars than have to be sold.  eBay has a whole division dedicated to used cars, while specialty companies such as Carmax list thousands of them.  There are car auctions in every city.  Auctions include cars from the police, taken from criminals, or used rental vehicles. 

Kelly Blue Book is a valuable resource to determine the relative fair price of a used car.  Categories include make, model, year and condition from poor to excellent.  It also breaks down the prices between dealer sales and private sales.  Because dealers pay overhead costs that private individuals don't, that distinction is shown.

Have you thought about the financing for a discounted used car?  Think about saving up the pennies and making a cash purchase.  That saves money in the long run.  Yes, cars are status symbols.  Remember, however, that even simpler models get from point a to point b.  Buying a car like that used can not only help the budget, but creates less stress.  People who own the luxury cars worry more about them.  A scratch doesn't mean as much on a less expensive car. 

Sure cars are a status symbol, but wealth isn't based on what you spend.  Wise spending turns into wealth.  There are people living hand to mouth even though they earn a lot of money.  Good used cars are a way to save.