New Car vs. Used Car


PrototypePro
03-24-2008, 01:38 PM
Hi. I would like to know what are the cost if I buy a new car or old car. I am new to the car stuff.

'97ventureowner
03-24-2008, 02:18 PM
Welcome to AF!
There are differences when comparing buying a new car versus a used one that is a few years older. When you buy a new car you generally pay more upfront because it is new. That means your sales taxes can be higher as well as other associated fees such as title fees, dealer prep,and insurance costs.
A used car that is only a few years old can have a lower payment, and costs less because most of the depreciation has been taken by the first owner. Insurance can also cost less on a used car as well. Monthly payments can vary as well as many new car loans carry a lower interest rate than a used car loan and that can affect payment. Another thing to figure into the mix is if you get an extended warranty on the vehicle as they tend to cost less on new cars than used ones.
If you go a few years older, you might be able to buy a car where you can pay for it with enough money you have saved. That way you would have no monthly payment. If you get a vehicle like this that has a good track record for reliability , then you can even lower your total costs over time in the repair department.
For many people, they decide it's much more worthwhile for them (and their pocketbook or wallet) to hold onto to their older cars or buy an older car than to purchase a new one as it's generally cheaper to fix an older car than to make a monthly payment on a new car over time.
I've touched on a few principals when it comes to costs of a new car versus an older one. I'm sure there are more out there that will be posted by other members, and if your "just starting out" it might be a good idea to stick with a used vehicle.

PrototypePro
03-24-2008, 02:36 PM
Thanks. How fast would a 200-housepower be? What is the difference between a dealer and an individual seller?

'97ventureowner
03-24-2008, 02:55 PM
Some differences between a dealer and a individual (private seller) are: A dealer has laws and guidelines to follow from the government and any associated company they are with,(Ford GM, Toyota.) They generally have to offer a warranty on what they sell, again usually dictated by certain laws. Their costs can be higher due to overhead, personnel, advertising,and other associated costs.Sometimes it's easier to get financing through a dealer than a private seller. Dealers many times have their own sources for financing whereas you pretty much have to get a loan through a credit union or ban for a private seller.
With a private seller , they don't have to offer a warranty. They can sell cheaper since they don't have the costs dealers do. They aren't governed by as many rules and regulations a dealer is.It can be quicker to purchase a vehicle through a private sale. You may have less chance for recourse from a private seller as you would a dealer, and it may be harder to collect any judgment from a private seller.
On the question about horsepower, it's hard to say exactly how fast a 200hp vehicle can be. You have to take into consideration, vehicle weight,type, torque, other modifications, etc. Also the way horsepower is figured has changed over the years and is different now than it was in the '60s and '70s.

PrototypePro
03-24-2008, 03:01 PM
What do you think I should do when I buy my first car? What type of car? Which make? Dealer or Private? I am turning 16 on December and hoping I pass the test and get my driver license. Maybe around January 2009 ill buy a car.

'97ventureowner
03-24-2008, 04:44 PM
What do you think I should do when I buy my first car? What type of car? Which make? Dealer or Private? I am turning 16 on December and hoping I pass the test and get my driver license. Maybe around January 2009 ill buy a car.
Well, first off, what type of vehicles do you like? Cars, trucks, SUVs, etc. ? Two door or four door? Start making a list of what you'd like in your vehicle and then do some research online into those vehicles that fit your needs. You can look around and see what vehicles everybody drives to see what interests you. It seems like you have some time before making your final decision so any research you do now can definitely help you in the long run. See what type of budget you have and that can help determine what you can afford. See if you have enough money or may have to borrow from sources, (family, banks, etc.) Generally many "first timers" that I know tend to buy their vehicles from private sellers. They go through the classified ads, which can be a great tool in seeing what's out there and affordable. You can also go through dealers' lots to see what they have in inventory that you might like. One big thing at your age to consider is auto insurance, whether you have your own separate policy or are on someone else's policy, it's not going to be cheap so make sure you also factor in that cost when determining your budget. Of course there are ways to lower that cost such as the type of vehicle you choose and any driver training courses you take such as defensive driving ( usually a 10% discount.) Also some features on the vehicle you insure may also reduce your premiums such as airbags, ABS brakes, etc.)Also the type(s) of coverages you would be required to carry, (generally less as the vehicle is older, or how it is financed.) You can check various insurance companies for quotes on a vehicle you select to make sure you will be able to afford the insurance.
generally for the first few years you might want to keep it simple and cheap, especially with gas prices so high. That way you can save your money when your a little older and can afford something better, and your driving experience should be better , that way you can get something more to your liking.

PrototypePro
03-25-2008, 11:13 PM
Hi. I am currently 15 years old. Right now I just realise that im gonna be 16 in December and I need to start saving money for a new/used car. I currently saving money for my first new built desktop because my current computer is 4-5 years old. Any of u guys/girls know how I can get some money while im studying? Does survey work?

'97ventureowner
03-26-2008, 12:05 AM
What's wrong with your current computer? Mine's a little over 6 years old and still runs like the day that I bought it. If I were in your situation I'd save my money up for the car and wait to get another computer. Try to decide which is more important,(prioritize your wants,) the car or the computer. And don't believe the hype that is out there that a computer is obsolete after only a few short years. It's an attempt to sell more computers.
I'm not aware of any quick money making opportunities that exist out there. Are you referring to online surveys? Generally they don't pay as well and aren't a reliable source for extra income. You have to be careful at the money making schemes that are advertised to the public. Many are not what they appear to be. Most you have to come up with money to get started, and many others rely on you to get other people involved under you doing the same thing. Research something if it appeals to you and decide the pros and cons. Remember the old adage,"If it's too good to be true , it usually is."

PrototypePro
03-26-2008, 12:13 AM
I really like the Mercedes-Benz SLK-Class Roadsters 2005-Current Generation. Do you think it is a good car for me to buy? I also like the BMW Z4 Roadsters but it looks smaller than the SLK. Should I go with manual or automatic? Is it easy in manual? It would be cool if it has both cz my uncle's 2005 BMW X5 4.8is sport package has both

JonB91
04-12-2008, 10:33 PM
Hey i just wanted to say if your trying to save enough money for jan 09 for a slk clas roadster your not going to sorry bud, unless your parents are paying for it they go for gold haha. i just got my first car end of summer and it is an awesome car. you are talking exactly as i thought, "i want a mercadez or a 500 hp mustang" gotta realize not gonna happen nor is it a good first car. youl realize this, youl drive fine the first 2 months and nothing will happen then after those two months you feel more confortable and then you will get in ALOT of close calls for about a month then youl be fine, and for that month you want a safe car incase that close call is a call to the tow truck. 8/10 of the junior class this year has gotten in a wreck or some sort and having a roadster for a first car is gonna run that probability through the roof.

my car currently, and my first car, is a 06 Honda 2dr Accord v6 manual. It is a GREAT car i love it. at first you think honda hell no, but the 2dr looks fairly sporty and you dont see them as much as the sedan, especailly manual, and the v6 is really fast! because honda is a racing company for drag racers and such they are amazing at getting every last bit of power out of an engine. if your worried about the car being to slow its not, i can beat every one of my friends, exept maybe not the g35. 0-60 in under 6 seconds is PLENTY fast for a first car you really dont need that much more, sure you can rice it out witch is also the first tendancy but resist for a couple months and observe other ricers with huge mufflers and youl realize its not rite for the car and everyone on the road knows it lol. so to answer your question, roadster no not for first car too powerful you wont know what to do with it and not to talk about the gas. really look into the v6 accord 2dr its really quick and it is safer than any car i know midsize at least. (which the parents love)

other question, most defently get the manual with any car you get, it is hard in the beginning but once you figure it out its second nature and you can get the car to go faster that the automatic or on the the other hand use up less gas than the automatic cuz you control shift points. the sport deal with the automatic and the manual push up on the nob to shift gears i dont like, its what my dad has and there is a massive shift lag that you wont have in true manual

accord all the way great first car, safe, extreemly reliable, good gas, fast as hell when you want it to be, and you can mod the sh**t out of it, if you must lol, but then ill make fun of you

Kimadam
06-20-2012, 12:01 PM
All car buys start with one conclusion: New or used? It's hard to don't forget a better time to buy either. With automakers selling hundreds of new models, and more used cars than there are people to drive them, there are a lot of good vehicles out there ready for an owner and driver.

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