Top 4 Myths about Buying a New Car

July 9th, 2014 by

You may think that buying a new car is the best route to take when you need a vehicle. While a new car may meet your needs in some cases, it is not always the best choice. Sometimes buying a Cincinnati used auto is exactly what you should do to meet your needs and your budget.

Getting all the information you can will help you make the best decision. Here is the reality about the top four myths about buying a new car to help you make a decision:

1. New Cars are More Reliable

Some cars need to spend a little time on the market before

all the kinks can be worked out. While a new car may not have any miles on it, it could have a lot of problems with the engine that are just waiting to emerge. Buying a used car means that you’ve had time to learn about any issues that have arisen with the model.

2. New Cars Will Last Longer

The lifespan of any car depends on the quality of its design, as well as how well you take care of it. If you buy a new car that isn’t well-designed, it may not last 10 years. On the other hand, if you buy a used car that was well-designed and that has been well-cared for, it could last you 200,000 miles or more.

3. New Cars are Guaranteed

Many new cars come with a warranty, but not all do. Those cars that come with a warranty typically have a longer warranty than used cars. However, many used car dealerships offer guarantees and certifications, letting you know that you can trust the quality of the car.

4. You Get Better Financing with a New Car

Financing depends on the age of the car and your own credit worthiness. If you are buying an older car, you may not be eligible for a long loan term, which will raise your monthly payments. However, you can buy used cars that are from the current year. The better your credit, the better your financing will be whether you buy new or used.

Buying a new car is not always better than buying used, and vice versa. Whether you are thinking of buying a Cincinnati used auto or a new car, it is important that you evaluate each model on its own merits. The end goal is the same: Finding a car that meets your needs and fits your budget.