Should I Buy a Used Car or Invest in a New Car?  | |  I am finally settling with the insurance over my auto accident. My decision was not to sue the insurance, but to deal with them directly. If my injuries were more extensive I would have though. Now comes the question of how to use the money. I need a different car. The one I have been driving is slowly falling apart.
I can sell this car for $500 and I do believe that is what I will do. Cash for Clunkers is something that I had considered because it will give a $3500 incentive for my car toward the purchase of a new more fuel efficient car.
The problem with purchasing a new car is that I would then have to make a loan payment every month. It wouldn't be a problem if we had 2 incomes. I am the only one working at the time. Yes, it would improve my credit if I could get a loan and pay it off. But, we do have pay other bills and buy food too!
So, now comes the hard part of searching for a vehicle that will be road worthy, not fall apart in a couple of months, and won't leave me penniless. What do you think? Any suggestions on what type of vehicle would be worth buying?
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| | | | | | | | | 21. mmlove (17) | 6 months ago |  I always buy a used car and when I do that I always take a certified mechanic with me to look at the car to make sure that the car is in good running condition.Private car sellers and sometimes car dealers try to get over on you especially if you a women and you do not know nothing about cars.I will never invest in a new car because if you miss a payment that missed payment comes with late fees and then if you miss to many payments then they will repo your vehicle and after they repo your vehicle you is still stuck with having to pay for that vehicle or messing your credit up.Toyotas and Hondas are worth every penny and it won't leave you penniless.
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| | Cars Buy New & Used Cars. Sell your used car. w100w.org | add comment |
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| | 22.  MsTickle (8950) | 6 months ago |  Have I missed something? I don't remember you injuring yourself in a car accident. I remember a couple of bingles you had a year or so ago...one in the snow and another one with a truck I think...you were not injured in either one to my knowledge.
I'm partial to second hand cars myself>The idea of a new car that has problems would stress me out too much. I'd be happier with a small 4 cylinder sedan with low kilometers. Good luck.
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| | Don't Buy a Used Car without Carfax Check every car as you shop - Order CARFAX Vehicle History Reports. www.Carfax.com | add comment |
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| | 23.  peavey (3795) | 6 months ago |  I think you've made the right choice in not buying a new car. Get a copy of Consumer Reports to see which used cars are the least expensive, maintenance-wise and which are the most trouble free. That's where I would start.
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| | buy a new car New Years Discounts New Car Dealers Are Running New Years New Car Promotions. Find Out Now. www.WomenCarBuying.com | add comment |
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