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New car Vs. Used
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11-20-2011, 11:24 PM
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Gozmand
Join Date
Oct 2005
Posts
408
Senior Member
New car Vs. Used
What do you think is better, a new car with the many warranties, and the monthly payment (in my case around $350...or a decent used car ($5,000 range...up to 12 years old) with its mileage and wear and future problems.
As a qualifier, I have had pretty good luck with used cars so far. My current one I have had for two years now, and it has needed about $500 of work to get it to pass for registration in a new state and for the repair coming up and about $200 in maintenance (oil changes, tranny fluid, antifreeze, and tire repairs). I know parts will wear, and things can get costly at any time.
I am thinking it is time to start looking at newer options, and bite the bullet with monthly payments and a car that hopefully will last for many more years with fewer wearing problems.
What are some of the pros and cons that I might not be aware of?
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