Should I Buy a Used Car or Invest in a New Car?

I f you think that it is hard for you right at this time to purchase a new car then you can go for the second hand one.You can also see if the condition of that second hand car, If it is quite good then there no wrong in taking a good conditioned car at a reall low pirce.Sometimes we can make a sharp decision by buying a old car and then investing more for futher buy of a good new brand car.And after all it depends on your choice too as in what you will like.

hello ElusiveButterfly,
For me it depends to your budget. If you have extra money then you can go straight and buy the new one. This will make you feel better and less worry for you are assured that everything is okey. But if you worry about having aloan, then buying a new car can wait. Go ahead and buy for the car that you can really afford. If you have enough money, you can do that someday.

Sorry but there is no such thing in investing in a car! They are a financial liability, especially new ones! I would go for an older model that has already fallen in price from new. If you can afford one that is between 2 to 5 years old, that is what I recommend. Buy privately too, not from a dealer!

That Cash for Clunkers is a double edged sword indeed. I think that for someone that has been considering a new car for a while and has already played with their budget to make sure they can afford it..it's a great chance. I think that for those that are already having a rough time and are barely making it..it may not be the best thing. It is a great incentive though. In my opinion the better used cars are sold by regular people..not so much carlots. I think it would be wise to look in the classifieds or on Craigslist. I also think that if you chose one you like..you should take it to a mechanic and have it looked over if you don't know alot about cars. Here's a few tips my grandfather taught me...check the oil..make sure there is no water in it and there is no debris. Check the water..run your finger around the top of the radiator and see if there is oil in it. These are very bad signs. Check beneath the car for leaks of any kind. The engine should be fairly clean with no oil buildup..dirt is normal..oil is not. When the engine is started..listen for pecks or clicking..not a good sign...while running..push brakes and if they are to spongey or touch the floor..not good...change the gears in the car from park to drive to reverse. If it jerks you or makes loud sounds...get outta there. Check the wear on the tires. If there is one tire worn a lot more than the others and if the car has been wrecked..this is a sign the frame is bent and you should not buy it. I think that is all I have for now..lol..I hope it helps you out.

i think you should invest in a new one if your only short by a couple hundred but if you short by a thousand then you should by a used one

it all depends on your maintenance culture and ability, if you believe you can maintain a new car in this period of economic recession or downtown then you can go ahead and get a new car but if you think you still need to save some more money during this recession then you should go for a fairly used car

if you know how to maintain and troubleshoot a car, a second hand automobile will do the job.
the only advantage of a brand new car is that, it'll takes years before any major even minor car troubles occur. not unlike in a second hand car, you don't know when will a trouble occur. but first make sure before buying a second hand car, you'll bring a mechanic with you to check for your prospective car of choice. in that way, you'll be sure that the second hand car that your going to buy is a good buy.

If you have a mechanic you use regularly and can trust, ask him if he's gotten any cars lately. Sometimes people will take their car in to get fixed and not be able to pay for it. After a certain amount of time the shop can take ownership of it for being abandoned. That's how we got out little POS - piece of sh!t. It's a 1998 or so Kia Sephia, has over 100,000 miles on it and runs great We paid like $800 to get it on the road - purchase, title, tag, emissions. I don't know how long it will last, but it's a spare for us. About a week after we bought that from him, one of the girls in my husbands office needed a reliable car since her only vehicle died. He took her down to that shop and got a 2000-something Toyota or Honda for like $3,000. It's in great shape and as long as she takes care of it it'll last forever.

You can also check the car auctions, not sure where in your area... You might also be able to check with a tow lot and see if they have an abandoned cars...

Good luck!

in this current situation you can buy a used car.

Hi dear, looking at your financial status, I wouldsuggest you to go for second-hand. It's risky but affordable. No point you buy a car andnot able to repaythe loan. Might as well you plan and decide what you really want. Go for the one that frees youfrom financial tie-ups!