Buying a vehicle can be quite an ordeal. You have to find the money in your budget for the new vehicle. Often you have to decide whether you want to sell your existing vehicle outright or trade it in. Then that decision is based on if you buy through a dealer or private party. You have to decide what you like.
Should you buy new or used?
Financial advisors say that the best way to get your money’s worth is to go used. However, the decision isn’t quite so simple. There are a lot of considerations.
Start by looking at your finances. If your only option is buying used, then do it wisely. But if you are choosing a used over a new, you have to remember that there will be no warranty of the vehicle in most cases. If the car needs a lot of maintenance, repairs or other modifications, you could find that your savings by purchasing used aren’t there.
Buying a used car is a gamble sometimes. You have to make sure that the title is clean. There should be proper documentation with the vehicle. Don’t trust anyone who says they will mail it to you. Never pay for a vehicle without a title, you could be in deep trouble later.
If you...
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