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NEW Vs. Used Car Calculator
The cost of a used car is less than the average brand new car by around two-thirds. However, price isn’t all that important — you must take into consideration factors such as 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, take the time to answer these questions to receive personalized advice.
Do you need to buy a brand new or used car? On the surface, it the latter will cost less. But buying used may also mean compromising on the newest technology. A new car is a good choice if you are comfortable spending a bit more, and you want the latest features as well as lower initial maintenance costs. Considerations when buying new a new vehicle comes with higher reliability, lower rates of interest, and the possibility to customize your purchase directly to your needs. But it also comes with an increased cost of purchase, more expensive and an increased rate of depreciation. When you are looking for a new car, make sure you are ahead of time and try out different models of the model you’re looking at. Considerations when buying used A carries an unknown driving history and potentially high maintenance costs. But it’s more affordable, have lower insurance rates and depreciate at a slower rate. If you’re looking to buy a used car, look into a different option. This car will have the benefits of a lower cost, but still have the confidence of a vehicle that’s well taken care of.
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