What's more economical? Always buying used cars, or driving a new car into the ground?

Question:
I have heard two arguments about the most economical way to buy cars over a life time. I've heard that if you buy a new car, never trade it in and drive it until the end of its natural life, you'll end up saving the most money in repairs. I've also heard that always buying slightly used cars will end up saving you the most money, (though you have to replace them sooner since they have less shelf life.) Are either of these theories true?

Answers:

Whcih lexus or acura should i get?

It really depends on a lot of factors, including luck. Generally it's best to buy a slightly used vehicle since technically nobody owns a "new" car. The second you drive it off the lot it's used. You can find a car with 20,000 miles on it for a few K less than a "new" one.

Would you ever buy a car with a rebuilt title?


I have a friend that purchased an old Integra with 103,000 miles on it for $4,000. He now has 267,000 on it and has had no major issues at all. There are tons of examples like that which throw out the idea of having to buy a new vehicle. Generally speaking, smaller lighter vehicles with small engines last a lot longer than larger ones.

I have a 2002 Dodge Neon but?

A new car depreciates 15% or more as soon as you drive it off the dealers lot so I would say any vehicle that is used and already heavily depreciated is cheaper. However, you also want a vehicle that is produced in good numbers otherwise parts replacement and servicing will be expensive.
More Questions & Answers ...

  • How would you convince your parents to allow you to get a car?
  • Whats the lowest insurance group for a convertible?
  • Am I screwed if I want to trade-in/buy a new car if I owe more than the car's trade-in value?
  • What is the most luxurious mini-van?
  • How can I get rid of a lien on a car...?
  • Lien holder question?
  • I am wanting to become a car sales man, what do I need to do?
  • What is the most you would pay for a 2002 Lincoln LS Luxury 4 door Sedan ?
  • I Want to Buy and 2007 Camry LE. What's the best price?
  • Is there a place that will buy non operational cars?
  • This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.


    Copyright 2006-2008-2007 CarQnA.com. All Rights Reserved.