Buying a new car is definitely more expensive than buying a used one. In fact, the price spread between new and used is widening. Financial institutions typically require down payments of about 10 percent on a new-car loan, but it helps to add more. If you pay less money up-front, your monthly payment will be higher.

---

› See More: Benefits of Buying a Used Car

Hi,

Used cars depreciate less after purchase than new cars do.


Cheers

Its good that purchasing used car costs lower than buying a new one. But it may be that the used car may creates a lot of problems in different sections such as its engine, starting problem etc. I would suggest all to buy a new car.

Personal cars have ultimate demand now days for the people who want to live comfortable life. To move from one place to another within the city is best accomplished if one has his own vehicle and the best choice being a car. But possessing a car is not very easy for all people. Having your own car shows status of your life. If you want to purchase a new car it requires lot of money so its better that either you can go for auto loans or buy second hand cars. You can choose a car in which you feel comfort and also which suits your budget. If you want to choose a car for cab then second hand car is a good option for you as it cost low. Buying a used cars save your money in insurance and payments if you do financing. If you take a loan the interest of loan will be less. So buying a used car is always beneficial for save your money and get many benefits.

The used car is really beneficial for the learner. because the they can use roughly

Where you are guys?

buying used cars can be benificial in a way you will experience different kinds of car problems from the paint to carburetors. From these you will eventually learn how to fix your car and you will know where you can get an accessories for your car.

I specially agree with carshen.. Used cars give lost of problems. I think used car is not better than new cars.

The most important benefit of buying a used car is that you would be paying less price for better wheels. Though its not new, its better to drive a luxurious car at an affordable price.