Posted by Elizabeth Dennis on June 13, 2011 | No Comments
Car owners sometimes refuse to get a new car until their current car literally falls apart. With the price of new and used cars skyrocketing through the roof, this is understandable but is it safe? Is keeping a problem-riddled car economical? The answer to this is yes and sometimes no.
Upon driving your car and you, look in the rear-view mirror only to see parts of your car trailing behind your car, it is time to get a new car. There are instances where people should get new cars, there are also instances where if the car you are driving is properly maintained, you can keep your car longer while prolonging the life of your car.
When deciding if you should get a new car, there are things to consider. Does your current car fit your lifestyle? When asking this question, you should contemplate what your car is actually used for. If you have a large family and need transportation for your family, then maintaining your car or possibly upgrading to a larger car might be the best option. If you do not have a family, do not travel often or work from home, a great option would be to lease a vehicle. This option allows for more versatility in changing vehicles when the lease has expired and proves more economical.
If you have a car with constant repair bills, it is probably time to get a new car. Keeping your car is not always the economical choice. It does not take a math expert to figure out the constant cost of repair bills. Oil changes and tire rotations are normal costs of wear and tear but when your car is in the shop so often the mechanic knows you by name, you would fare better economically in purchasing a new car.
Some people do not feel safe in used cars. This is precisely how the new car dealerships want you to feel. If you opt to purchase a used car, there are many remedies, which can make you feel safer in owning one. No car whether new or used has the one hundred percent guarantee of never breaking down. You can purchase roadside assistance through your car insurance, which costs next to nothing yet are worth their weight in gold.
If your vehicle breaks down often and your repair bills equal more than the car itself, it is time to get a new car. Do you really want to spend almost two thousand dollars or more on a late model car that is constantly breaking down? If you own a late model car, you must understand that the repair bills will only get more expensive. Just think of all the money you will save in comparison to all your repair bills of your current car. If you get a new car that is problem free and a warranty to back it up should be the peace of mind you have always wanted.
Posted by Elizabeth Dennis on January 10, 2011 | 1 Comment
There are options available when shopping for a new car. Lease versus buy options is something car shoppers are continually weighing against one another. Which option is better? It depends on the person and their particular situation.
Lease and buy options are different methods in financing vehicles. When you “buy” a new car, you are financing the car. When you are “leasing” a car, you are financing the usage of the car. Both these options should be weighed carefully in lease versus buy options.
Your financial options when dealing with the dilemma of lease versus buy options are important but do not forget about your own personal needs in financing a new vehicle. You not only want to be financially comfortable with the option you choose however, your personal wants and needs should be satisfied with your purchase.
Lease versus buy options offers car shoppers two very different options. When you are contemplating these options, ask yourself if driving around a car, which you can trade in every couple of years, works for you. Leasing a car means lower monthly payments with the option to finance the car at the end of the contract. Financing a car means higher monthly payments but over a period, you will own the car.
When you buy a new car with a loan, you are placing money on a car that automatically depreciates as soon as you drive the car off the car dealership lot. You will drive the car consistently placing wear and tear on your car. Once you satisfy the loan on the car, you will be the proud owner of a car that has numerous miles on it. When you think about this option, it does not seem to be a great option when viewing things long term however; cars are not something people literally invest into anyways.
When you lease a new vehicle, you are purchasing only what you will be using. At the end of the leasing contract, you will not own the car but you will be able to trade the car in for another car while avoiding a huge balloon payment and a car loan. In weighing lease versus buy options, leasing does not seem that bad overall to most car shoppers.
In lease versus buy options, car shoppers are realizing the benefits of leasing. Let us face it; the economy has affected everyone, as well as most people’s credit. Leasing does offer a great option in comparison to obtaining car loans. Not everyone has loads of money to give to dealerships for down payments on car. Leasing is a great alternative when shopping for a car.
Lastly, in weighting lease versus buy option, you will not obtain ownership with using the leasing option yet with buying a car, you will. When leasing, you will have lower monthly payments but you will never own the car. When buying, you will have higher monthly payments and you will own your car along with wear and tear and depreciation.
Posted by NewBuyer on January 13, 2010 | No Comments
One of our favorites written by a former car dealer and finance manager. A content-rich, six-page look into how to negotiate the best deal with a car dealer. Advice includes how to prepare for your dealership visit, rules for your visit, things to remember before talking with a salesperson, comparison shopping at other car dealers and how to reach an agreement.
Source: Helium
Read More About Car Dealer Negotiation at Newbuyer.com
