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NEW Vs. Used Car Calculator
The typical used car costs less than a new vehicle by around two-thirds. But cost isn't everything and you should be aware of factors like the amount of miles you drive and the length of time you own it and the way you live. To determine if this is right for you, respond to the following questions for tailored advice.
Do you need to buy a brand new or used car? On the surface, it will cost you less money. But buying used may also mean compromising on the newest features available. A new car is a good choice if you are comfortable spending a bit more money and want the latest features as well as lower initial maintenance costs. Considerations when buying new the latest model include higher reliability, lower interest rates and the option to customize your purchase directly according to your preferences. However, it comes with an increased cost of purchase, more expensive and an increased rate of depreciation. When you are looking for a new car, be sure to prior to the time and try out different models of the vehicle you are looking at. The considerations when buying used has a shaky driving record and potentially expensive maintenance costs. But it's less expensive, hold cheaper insurance rates and depreciate at a slower rate. If you are looking for a used vehicle, look into a different alternative. This car will have the perk of a low price tag while still holding the confidence of a vehicle that's well taken care of.
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