Hi guys, what r the disadvantages of buying a new car? Some people say I should buy an old car.

Question

Hi guys, what r the disadvantages of buying a new car? Some people say I should buy an old car.

Answer 1

the one problem with new cars is that they devalue as soon as you sign the papers its good to buy one very low in mileage like around 6 to 12 thousand miles then you may get a certified vehicle this is a used car that is give a longer warranty and is almost new o its a great deal the reason you want one with such low miles then you know no matter how it was treated by the previous owners it wont matter like oil changes and ex. and you get these cars with the devaluing already on it because when you sign your name it went from a new car to a used car in that one second

Answer 2

It's called depreciation, the value goes down faster than you can pay it off, so you get upsidedown in the loan..