Used Vs New Car: Which Option Show One Go For?
The answer is always relative, depending on one’s pockets. But that’s just an overview on the face of it. Truth is, it all boils down to several factors. There is budget of course. But over and beyond the money factor are several other considerations that one must take into account. At the end of the day, you don’t want an ordinary car. You want a value priced one that can get you from one point to another for years without fail. For that to happen, take the following tips into account.
Forget about car brand and model for a while. Everyone knows for sure which brands are the best ones in the market. Unfortunately, only a few car buyers know the resale value for their desired car models. The basic conclusion here is the fact that high end luxurious cars may sometimes be hard to resale. The target market by high end automotive manufacturers is always the filthy rich who hardly consider buying used cars. So think well before investing in a high end car. It may take ages to resale it once you want to cash in on it. Stick to middle class and value priced car models. There is always a market for them.
Check this link: NewCarCanada.ca
Your credit scores
Securing a car loan once one has poor credit scores can be really hard. But it is possible. Think about your score. Examine it. If it is either average or poor, then by all means go for a used car. You may easily end up with a car loan designed for car buyers with low credit reports. Paying for that loan can be easily if you went for a cheap used car. The same cannot be said if one goes for an expensive new car. You may end up defaulting your car loan and causing more harm to your credit score.