Are Cheap Cars Really Cheap To Own?
I know that the sticker price is very important to most auto shoppers. This is true if people are looking for a new or used vehicle. However, the actual price of the vehicle should just be one factor to consider. It may not really illustrate the cost of owning a vehicle very well at all!
Consider an obvious example. A lot of people are trying to sell their gas guzzlers for very cheap prices today. You may not pay much for the used vehicle, but with rising gas prices, keeping it fueled can be a larger expense than paying for the car. In addition, if you have not done your homework, you may take home a used car with some mechanical problems. Repair costs can eat into your budget too. All of a sudden, the bargain you picked up at the used car lot is not looking like a very good choice any longer.
Sometimes, paying more for the vehicle, and getting a car that is easy on fuel and does not need major repairs, ends up being a much more frugal choice. Before you purchase a vehicle it is a good idea to have it checked out, and to do some research on fuel economy.
I gave a used car as my first example. However, you can have the same problem if you are shopping for a brand new car from the dealer’s lot. The low end economy car may seem like a great deal. It may even have great gas mileage and a warranty that will save you from a lot of extra costs.
However, you also need to consider the cost of insuring your new car. If you look at a list of the least expensive cars to cover, you will find a lot of minivans, sturdy SUVs, and even some pickups on the list. The lowest priced, economy models may actually cost more to cover. If you have purchased an inexpensive car to control car payments, but then end up with an expensive insurance bill, you may not have really gotten such a good deal after all.
You might have paid $50 a month less for your compact car than you would have for the slightly larger SUV. But you may end up sinking that extra cash into insurance. You could have paid the same total amount of money, and ended up with a more expensive car.
Are Used Cars Always Cheaper?
If you want to buy a reliable used vehicle to save money, be sure it will really save you money in the long run. Some financing companies charge higher interest rates for used car purchases. The difference in interest rates can mean higher car payments in the end. You also have to check into how much money you might save by getting a new car with a good warranty.
Some new cars have advanced safety features which also make then less expensive to insure than used cars. If you want to estimate the cost an auto policy, you cannot always go by the vehicle sales price either!
What Is The Cost Of Car Ownership?
You have to consider the total cost of car ownership. This is not always possible to predict, but you can find out a lot about most makes and models. Look into estimated repair bills, warranty coverage, the cost of an auto policy, and available financing. These are important factors, and they can change the equation much more than the selling price of the car!…
Are Cheap Cars Really Cheap To Own?
It is quite common for individuals to choose used cars versus new cars. The logic behind this is because a used car is far cheaper than something that is brand-new. Most people do not have thousands of dollars that they can pay for a vehicle. There is generally nothing wrong with purchasing a used car whether it is two years old, or 10 years old. The only thing that matters is whether or not the car is in good working order and it is being sold for an affordable price.
There are numerous amounts of different used cars for sale on the market. It is very important to make an informed choice. Consider taking the vehicle to a mechanic prior to deciding whether or not this is something that you would like to drive on a daily basis. In the end, once you purchase the vehicle, the vehicle as well as any problems that it may have are going to be all yours. Many people shop for used cars as a means to transport themselves back and forth to work. After all, if we are only using the vehicle as a commuter car, it would not make a lot of sense to spend a lot of money.
Some families have several children. Therefore, they do not have enough money to purchase a spanking new vehicle to transport their family where ever they need to go. This is another reason why families turn to used cars as an affordable way to drive a nice car without having to spend large amounts of money. It is vital to make sure that the vehicle has been properly maintained and cared for. Do not purchase a car that has a large number of miles on the engine. For example, a vehicle over over 100,000 miles is most likely not going to be a wise decision.
The next thing to be considered is the type of gas mileage that the vehicle is going to get. After all, the price of petrol is not coming down anytime soon. It would be a shame to have a car that we could not have enough money to drive. When buying a vehicle, it is imperative to make an sensible decision because this is what is going to be our main form of transportation until we can come up with the money to pay for another vehicle. If we take good care of our used car, it is going to take good care of us.…