Posted on 11/3/2024
Spring is a peak season for vehicle sales; companies aggressively market new models and offer all sorts of incentives. So you may be tempted to buy a shiny new beauty. But should you? If you've regularly maintained the vehicle you're driving now, you probably don't NEED a new one. Even if your current one needs some repairs, how do those costs compare to what you'd spend on a new vehicle? A brand new vehicle starts to depreciate the second you drive it off the lot. How much? Experts say you'll lose half of its value during the first 5 years of owning a new vehicle. So if you pay $30,000 for a new one, you'll lose $15,000 in 5 years. That's a lot. If you have paid off your current vehicle, think of having to start making car payments again. Let's say your new payment would be $350 a month. Bet you can think of a lot of things you can buy with an extra $350 a month. Many considering a new vehicle don't factor how much their insurance and license tag fe ... read more
Posted on 9/27/2020
Let's face it. New vehicles are expensive, so finding a good used one can save drivers a lot of money. It's tempting to look through ads, find a private seller who has what you're looking for and pay a price you think is a great deal. But when you go over to look at a used car, do you really know what to look for to uncover potential problems with it? The answer is probably no. Used cars can look great on the outside, maybe even have lustrous paint and a super clean interior. But is it possible that vehicle's been in an accident? Does it have electrical problems you can't detect easily? Is any fluid leaking that you don't know about? Think about it. You are about to spend thousands of dollars for a complex machine and you're considering judging its condition without much expertise. That's why it makes sense to have a qualified technician inspect any used vehicle you're considering buying. Many vehicle repair facilities will do it for around ... read more