Should I Buy a New Car? How to Tell If a New Auto is Right for You

January 27, 2012

In the auto world, it always comes down to six words: "Should I buy a new car?" This question is inevitably followed by another two questions, "Is it worth to buy a new car?" (in case you finances are tight) or "Should I be buying a used car?"

Here's the answer to this question: For many people, it's better to buy new than it is to buy used. Even a certified preowned car, which is checked up to 150 times by some carmakers, is still a used car with a fancy label and you know there was a reason the original owner traded out of it. Unless your budget can't afford it, it is highly recommended to buy a new one.

Advantages of a New Car

There are several advantages to buying a new car that include instant full warranty coverage for up to 100,000 miles or 10 years on some models, or 48,000 miles and 4 years for other lines. During this time, you can just bring your vehicle back to the dealership and your work is covered and you can drive away a very happy person when the problem is solved for little or nothing. If, on the other hand, you had purchased a used car, you're facing an outlay that can be expensive unless you purchase an extended warranty, which is also usually mileage based. In the case of a timing belt on a Honda it can run up to $1,200, for just a simple serpentine toothed fiber belt that has to be placed inside the engine block.

If you had had a new car and it needed a repair, you roll in, drop it off, take the shuttle out and pick it up later at no cost. On a certified preowned, the situation is much the same, although you do pay extra for the certification. While on a standard used car, it's all on you and it can be expensive.

Choosing Your Model

This is why the new car is the best buy for many people. As to figuring out which model is the right one, it still takes a visit to the dealership and a test drive or many drives to determine the exact model. Once you have it figured out and feel comfortable in a model, then it's a very straightforward process. You make an offer or offers and at some point one is accepted, and you then make a down payment that is deducted from the end price. You then wait until a finance manager goes over all your options–read that to mean all the spending plans available, as well any extras that you may want. When you have all of your equipment, the deal is fed into the finance division's computer system and the payment figure comes out. All that is left for you is to either add to your down payment to help lower the monthly payment or just sign up and drive away.