If you want to buy a car, you must realize that this is not a decision you make every day, but something important, perhaps as important as buying a house.
I am sure that you already imagine how your new car will look and that you have decided every single detail of the car. If you haven’t yet done so, I am sure you will quickly decide on a car, yet you also have to think about the price of it.
A few years ago I bought an Opel Vectra. I really liked that car and I wanted to have it immediately. I still had to search for a good loan to buy that car and I found pretty nice offers.
I was surprised to find out that is much easier to buy a new car instead of an used one. The sales man explained me that you can obtain a loan for a new car easier than you can obtain a loan for an used car.
You can easily obtain loans for new cars because if you want to buy an old car, lenders check the overall value of the vehicle.
Anyway, I personally think that it is better buying an old car. Many of us want a car directly from the showroom. They feel better about themselves if they own a car from there.
And I also must admit that is quite a great satisfaction when you make the very first mile on the odometer.
Now, why do I think it is better buying an old car? Well, a new car is much more expensive than an used one and if you buy a new car, it will suddenly depreciate after she accumulates the first mile on the odometer. A car depreciates more in the first two years of being used. In these two years, we pay the loan.
Now, wouldn’t it be better to buy a two years old car? This way we don’t pay for the two years of depreciation.
Anyway, a car will continuously depreciate, so if you want a new car, go and buy it without worrying.
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