08 Nov 08 The Positives and Negatives of Buying a New Car for Under $30,000
When looking to buy a car, there is always the decision of whether to splurge for a new vehicle or settle for a used car. While it can be a difficult decision to make, you have to weigh all of your options. Here are some of the positives and negatives to buying a new car for under $30,000, from Jared Lansky:
To start, let’s go over some of the positives. Obviously, you are getting a car that is brand new. This means you do not have to worry about the constant repairs that an older car may have. A new car is going to be far more reliable when it comes to taking a trip out of town or even just driving on the highway.
This is not to say you will never experience a problem with a new car. But typically if you do experience any problems, the warranty will cover anything that arises. The length of the warranty all depends on the deal you receive when you purchase the car.
Most companies also offer roadside assistance packages with new cars. It is a comforting feeling knowing that if something does go wrong, you are not going to be left stranded on the side of the road trying to figure out who to call.
Finally, if you shop around long enough you can get a new car for an extremely reasonable rate. You can find a good financing program with little to no interest rates making it more affordable to buy a new car.
When buying a new car for under $30,000, you have to weigh in the negatives as well. The most obvious is going to be the high price. Be sure you really want to spend this much on a car.
Another consideration is that your new car loses value the second you put miles on it. And it is the first couple of years when a vehicle loses the most value. If you decide you do not like the car and want to sell it, you are not going to be able to sell it for close to the amount you paid for it.
Lastly, the glory of a brand-new car fades quickly. It is not long before you find your first scratch or your first problem arises.
These are the positives and negatives you will have to deal with when buying a new car for under $30,000. Take your time to consider your options and make the right decision that suits your needs.
Tags: auto, Jared Lansky
