Purchasing a car in today’s economy can be very difficult, whether you’re looking into a new or used car there are a lot of things to consider. Ensuring that you’re getting the best no matter the amount you’re spending, is difficult in its own way. Taking your time to collect information is very important. You never want to something that you know nothing about, because you will never know what you are truly purchasing .Asking yourself these questions will help you no matter what route you go in the car buying world. First question being what type of car do you want? It is Very important to purchasing a car that fits your life style. Next, how much are you willing to spend? Setting a budget will help you not spend over what you can afford. Finally, how long do you plan on keeping this car? If you are looking for a car for a couple months, you don’t want to exhaust all you funds into a temporary situation. Recently I’ve sold one of my cars and have been on the search for a new one.
Buying a new car can be a very troubling thing to do. I’ve had to consider a lot of things when choosing the right car, and how to go about buying a new or used car from a dealership or buying a used car from a private owner. Being a young adult in this tough economy with a family to support, ensuring that I’m getting the best deal with a used cash car or a low interest rate and monthly payment on a new one. Making sure that a car payment fits into my house hold budget with now worries. Purchasing a used car from a private owner is one option I have been considering. Although the price can be very reasonable, you don’t have to worry about dealer fees, Monthly payments or being approved for financing. You will never truly know how well the car was taking care of, not to mention that the car will not come with any type of warrantee or return policy. Due to the extreme circumstances and series of unfortunate events: throughout, the world today with the weather and crime.
You can never be too cautious, with the credibility of a stranger. If something goes wrong with the car after the Purchase date. You are responsible for the cost of repair. However purchasing a new car or used car is slightly easier in terms of getting the exact vehicle you want, yet there are still some difficult steps in the process as well. One being the cost of the cars are more expensive depending on what year, make, and model you want. Prices can range from 20,000 to 100,00 dollars , not including dealer fees. Therefore, Finding a finance company if you don’t have all the money to buy the car out right can be nerve racking .You may be able to budget your finances to the exact dollar every month , but do you have enough income each month to the lenders standers. Fortunately, you don’t have to worry about the conditions of the cars, because every dealerships new cars have been inspected before shipped to the actual lot.
The used cars have been put to a series of diagnostic test to ensure they have no major problems and are marked certified pre owned, also ensuring you that they have been well maintained. All the cars come with some type of free warranty or extended warranty that you’re able to purchase at that time. In the event something dose go wrong you are not responsible for the cost of repair, not to mention if it was a new car you could return that vehicle within a certain amount of time. We all know that cars need regular maintenance. Another added benefit is that depending on the dealer you buy from some may even offer free, discounted or half price regular maintenance for a limited amount of time. In my experience searching for the perfect car to fit my lifestyle was very difficult.
It seems that although the cars at the dealership are a little more costly, spending the extra money to ensure that you’re buying a quality vehicle could be worth it. On the other hand you can run into some of the same issues as if you are buying from a private owner. Doing Research and really taking my time in considering every options pros and cons definitely helped. We seem to live in a world where money is the root of all evil, so you have to have a lot of trust in whoever you decided to buy from. It can be very hard to find a creditable seller and not someone who is only looking to benefit from you no matter the cost, or lies they tell just to sell you a car.
Essay about The Cost Of Buying A Used Car
661 Words3 Pages
The Cost Of Buying A Used Car
This project has been put together to show the cost of buying and using a used car for one year. To show the different costs for cars I have made a chart on a later page. First, though, It probably would be good to tell a little about used cars.
Used cars are, for some, a good investment. The used car is good for cheap transportation, and fun. Used cars also have many different uses besides just driving around. Some people buy used cars so they can restore them, while other people buy used cars for their children to drive. While still others get used cars for spare parts. The point is that used cars are good for many different people, for many…show more content…
Do they think that it is in good driving condition? Do you think it is in good driving condition?
3. Look at the car's paint job. Is it what you would want? are there any rust spots, dings, or scratches?
4. Finally one must ask themself if the total car is what they wanted.
If there is any doubt then they might want to rethink whether they really want this car.
The chart below is a comparison of five cars each with a different set of options, price, and look.
Make Price Options 1986 Ford Taurus Wagon
$ 3,500 AC, AM/FM Cassette, PS 1969 VW Bug $ 2,000
Convertible, AM/FM Stereo, Dual Exhaust 1965 Pontiac GTO $ 8,500
Convertible, 4speed, PB,PS,New Top 1979 Mercedes-benz450slc $11,000 Garaged,
51,000 mi. sunroof, AC, V8 1975 Ford Maverick $700 New Valve job,
3-speed Manual, Steel Wheels
As one can see from the chart above you cannot always judge a car from it's price. Now it is time to calculate the price of using the car for one year using set values for gas and insurance.
The average gas consumption for these cars should be about three tanks of gas every two weeks. At 52 weeks a year we get 78 tanks of gas a year. Then we need to multiply by the amount it costs for a tank of gas. In our case that gas is about $13.00 a tank. That comes to about $1014 dollars a year on gas.