Would you buy a used car? Or is new better?

@ersmommy1 (12605)
United States
January 6, 2009 2:46pm CST
I would, and have. My family currently owns 2 used vehicles. We bought them out right. It has certainly saved us money. Not having that monthly car payment has been a blessing more than once. A good friend of mine recently spent $26,000 on a new van. Is this an expense you would undertake? Do you have a problem buying a used car?
15 people like this
66 responses
• United States
6 Jan 09
financially speaking you should always buy a used car. i'm talking about a one year old car. if you buy new it is hard or takes too long to make up the depreciation. if you buy a one year old car you can save several thousand dollars and still get a new car with only a few thousand miles on it. the best part is typically it is covered under the warranty still. now all that said because of the current economic condition it is worth looking a some the rebates and special pricing on american cars. i have bought used and new cars and would say it depends on what you need or want out of it. the problem with a used car is a lot of times they are as-is. you dont want to buy one of those and get stuck with a junker. i have had my share of issue with used cars. but like i said saved a few thousand on a car only one year old.
1 person likes this
• United States
6 Jan 09
as always add me as a friend - together we can earn more
1 person likes this
• Israel
7 Jan 09
We always bought 1 year old cars. Let the first owner take the huge depreciation hit for driving it off the lot.
@Sissygrl (10999)
• Canada
7 Jan 09
We wouldnt be able to afford to buy a new car. And i have been thinking i need to get a license. . neither of us have one. . Maybe i should consider it more now then ever. thanks ers.
1 person likes this
@vicky30 (4778)
• India
7 Jan 09
I have a problem buying a used car.IT will get spoilt fast and i have to pay for repairs.IF i buy a new car.I will get warranty on it.aslo the life of a new car is more than the life of a old car.Also there may be minor problems in a used car which we can't see.
• Australia
7 Jan 09
Personally, I don't believe in purchasing a brand new car. Oh, it would be nice to have a car that didn't have any miles on the clock but as far as I'm concerned it's very impractical. I prefer to purchase a late model vehicle. Why, you might ask? Well, a car is instantly devalued by 10-20% of the purchase price the minute you drive it off the car dealers lot (at least that is true here in Australia). So if I went out and bought a $50,000 car and drove it home... put it on Ebay the next day the MOST I could expect to sell it for is $40,000 - $45,000. To me that is stupid and a complete waste of money. Even if I were a person who could afford to purchase a brand new car I'd rather let someone else take that loss and give the $5,000-$10,000 to a charity.
1 person likes this
@rizzu87 (860)
• Malaysia
6 Jan 09
I would always prefer a new car, but it depends on the amount you are ready to put in. Used car may have alot of problems, if you are not good at knowing the mechanical faults then used ones will cause you alot of problems. You would have to spend more than what you have bought the car for. New car would atleast not give you a major problem or repair for the first 3 years atleast.
1 person likes this
• United States
6 Jan 09
We purchased our first vehicle in August thsi year. It is a used Camry and has saved us a huge amount of money. A new one would have costed us min $19,000 but thsi came at $6000!! So we definitely had money saved up for better investment. Also, not worrying about the monthly payments is a huge peace of mind! We do not need to worry about another additional liability. Whether you want to buy a used vehicle or not depends on the reason you are buying a vehicle. If it is merely for the need of transportation , buying a used one is fine . However, if you are doing so because of status- statement- or particular passion for a certain model etc then may be its ok. It also depends a lot on your financial status and priorities. Here , in USA I feel infrastructure ( roads etc) are very good and cars don't face serious wear & tear even after years of use. So, once you have checked out all the major parts of the car and if they work fine, I think its a great deal to invest to in a used car! :) I am sure we will buy a used one for our second car as well :)
@the_ruler (1446)
• Turkey
6 Jan 09
I wouldn't buy a car really. I always use public transport and I am really used to it. People using cars all the time are just making the air more polluted and they are also causing the traffic load to be heavier. In the other hand, the governements are not making the public transports so good to respond all of our needs and give a good service. For this reason, people are still considering buying cars. If I really HAD TO buy a car, I would get a second hand one really. not only because it is cheaper, also I wouldn't help a big company to grow bigger by getting my money. I wouldn't cause one more car to be on the streets only the owner of a car would change if I buy a secondhand one :)
1 person likes this
@sacmom (14336)
• United States
6 Jan 09
Would I? Of course I would. In fact every single car that I've had has been a used car. I've never been able to buy a brand new car, nor would I want to deal with the payments, though I would like to buy one, one day. But I couldn't imagine spending so much money on it, unless of course I won the lotto.
1 person likes this
@stephcjh (32385)
• United States
6 Jan 09
I would buy a new car if I could afford one. You have to put alot of money into used cars most of the time to make sure they are operable and safe.
1 person likes this
@aaamine (134)
• United States
6 Jan 09
i bought a new car. so it costed me more. but i think i shud have bought used one, i cud have saveed a lot...
1 person likes this
@aprilsue00 (1992)
• United States
6 Jan 09
I would definately buy a used car. I would rather buy a used car than a brand new one. Not only is it a lot cheaper to buy a used car but you also know that cars track record. I have never owned a brand new car actually. I probably never will either. Unless I win the lottery or something. Ha Ha. Have a good day and take care.
1 person likes this
@Seppy1984 (2148)
• United States
6 Jan 09
It would be nice to have money to buy a brand new car, but since we don't have money we buy used cars. They work just as good just as long they don't break down. We have had trouble with used cars but what are we to do? You have to do what it takes to take care of your children. So that is why we go for used ones because we are not rich enough to buy brand new cars. Oh well maybe one of these days we will get a brand new car. Happy Mylotting
1 person likes this
@hahaweb (111)
• China
6 Jan 09
I will buy a used car. Because it is enough for me. I just need a car to get somewhere. I do not need it to show off ... Hence, I would like to choose a economic model such as Toyota prius or Nisson, it will cost only around 5000 bucks, not very expensive. Do you guys have other options to share?
1 person likes this
@hdjohnson (2981)
• United States
7 Jan 09
It all depends upon the purpose for the vehicle. If it is just to get from point A to point B, I'd say used. And if I had the money to buy the car outright, then I would go for that right, but I would have done a tremendous amount of research on the safety features of the vehicle I was about to purchase. Also I would have to be cautious with the type of vehicle, because of the outrageous rise of gas prices that is fortunately going down and down these days. But I would definitely be very cautious before purchasing a van.
@hdjohnson (2981)
• United States
24 Jan 09
Thank you, I hope my comment made some sense.
@suruchi86 (1873)
• India
7 Jun 09
I also would like to buy a used car rather than a new one. Only thing is that the condition of vehicle should be good and I don't have to pay any extra money for its repair and refurbishment.
@zweeb82 (5725)
• Malaysia
24 Jan 09
The car that we now own is a used car. My wife's dad, uncle, aunty, etc - they own a used car business. It's a family business left to them by her grandfather. A new car without any problems would be good with the warranty & all but it would be very expensive. A used car is no lesser in quality if they had good owners before. In fact we're the third owner of the car we have now. The 1st owner was an old lady driver, 2nd one was a guy who owned the car "briefly" as he couldn't finish the loan or something like that. So the car is in good condition
@balasri (26577)
• India
12 Jan 09
I always prefer to buy a new car. And only can afford a used one.
@cupid74 (11397)
• Pakistan
12 Jan 09
Hmmmm well sure i dont mind buying old car which is 2-3 yrs old and have done about 25-30K miles. by this u can save lot of money and other thing i dont want to buy car on Loan. Lease or installment Take care
@oldboy46 (2133)
• Australia
9 Jan 09
We have bought both. When I was single and with my first marriage we always bought brand new cars because we could afford to. Then when we separated my now ex-wife claimed our good vehicle because she had the children in her full time care and I agreed. Then I bought a second hand one so that at least I had some form of transport for when I had my daughters staying with me. I still had that car when I met my partner and we used it for a long time till we got another new model, albiet second hand. All 6 of the children my aprtner and I have between us learnt to drive in that car and they also used it until they could afford to get their own car. In the end we gave it to a local organisation which taught driving skills as well as how to maintain a vehicle. Only a few years ago my partner and I decided it was time to look for a better car and at the time there were some good deals on new vehicles. We haggled a fair bit with the salesman till he gave us the price we were prepared to pay but have to admit the only reason we got it that cheap was because the salesman thought they were going to finance it. If they did the finance they would get a lot more money in the long run so often they quote a lower price on that basis. However I had an insurance policy my parents had taken out when I was a child and which I kept going for all those years. It had just matured so we used that instead. Our car is good and gives us no trouble at all plus we do not drive a lot of kilometres in it which helps. It is small enough for my partner and I but big enough for when we have the grandchildren with us. We expect it to last us for many years to come. It depends on how much you drive as to whether you get a new or pre-loved vehicle as well as what you are using it for. If a person had to borrow a lot of money to buy a car, then then are probably better off with a pre-loved one than a new one.
@Erssyl (617)
• Philippines
8 Jan 09
We have been using a reconditioned vehicle for almost 30 years and we have not much problem because there is always my husbands friend who repairs it when we have problem.For a time we engaged in buying and selling used cars.But certainly I wish I can buy a brand new van if ever given a chance.Of course brand new is better if we have enough money to buy but I will not dare to acquire a car loan.