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How to Best Determine Whether You Should Buy a Used or New Car
7 September

How to Best Determine Whether You Should Buy a Used or New Car

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Car Loans Canada

Those thinking about buying a car are often also wondering whether or not they should opt for a used or a new vehicle. The process of determining which is best for you, of course, has much to do with accurately evaluating your own needs. However, keep in mind that if you take the time to find a great auto dealership to work, with you will be left with three solid options.

Three Viable Different Approaches

  1. A new car
  2. A used car with a fair amount of miles
  3. A used car in nearly new condition

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The first option you will have is, of course, a new car. Your second option is a used car with a fair amount of miles on it and your third option is a used car that is in reality only slightly used or barely used. In short, not all used cars are of the same quality. Every category of car has its own advantages.

New cars should present very few if any problems. Used cars that are barely used give many of the advantages of a new car, but often come with a substantial price break. Finally, used cars with more miles should cost considerably less, and so your monthly payments will be lower.

Factor in Your Needs-Such as Time on the Road

How much do you drive during a given week or month? The answer to this question plays a critical role in the type of car that is best for you. There is an argument to be made that the more you drive, the more you might want to consider a new car or a slightly used, used car. Higher mileage used cars can't realistically be expected to have the high level of reliability that one finds with a new or lower mileage used car.

If you are on a very tight budget and don't plan on driving a great deal, then you might be able to opt for a higher mileage used car. However, it is very important to point out that car dealerships frequently offer zero money down, zero percent financing and other offers that might help you take the step up to a low mileage used car or even a new car!

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auto loans   
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buying a new car   
buying a used car   
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