Should You Buy A Used Car?

Once it becomes apparent that you have to replace your current car, the question begs; should it be new or used?

There is no “one-size-fits-all” answer; it depends on your budget and your circumstances. One thing is for sure: buying a car based on monthly payments is wrong; you will end up with more car than you need and pay too much for it. For the majority of people, buying used cars in Burbank makes a great deal of sense.

Why should you take the hit on depreciation?

As new cars age, and this starts the day you take delivery, it loses value. Depreciation is something that most people do not even consider until it comes time to trade it in.

Although people do get attached to their car, the truth is, it is just another machine, not much different than a vacuum cleaner. A car is not an investment, any more than a household appliance is. Some new cars will depreciate up to 50 percent in the first three years that you own it.

The maintenance and repair aspect:

The one thing that you get with a new car that you do not with used cars in Burbank is a warranty.

You do not have to buy the previous owners troubles when you buy a used car. Get a vehicle history report and have it inspected by a qualified mechanic.

If you do buy a used car that is only a couple of years old, you will inherit what’s left of the new car warranty. As most manufacturers offer lengthy power train warranties, at least you are free from worry that you will have to foot the bill for a new transmission. You might also want to look seriously at the benefits of buying a certified pre-owned car that is backed by a factory warranty.

Buying a used car makes a great deal of sense. If you are looking for low-mileage used cars in Burbank, you are invited to visit Hawk Ford of Oak Lawn.

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