In this article, the average American is about $ 33,000 per year. Most new cars cost more than $ 12,000. This means that the cost of new cars are a large percentage of the turnover of most Americans each year. Most people can not afford $ 14,000 in front pay for a brand new car, so many choose to get a car loan. When you look at the interest payable, it can take as long as 7 years for the average worker to pay off this loan. Simultaneously, the car value, and would be a very limited after the keel from its initial value.
Job security
It is also important to remember that most people do not keep their jobs for seven years. Many people, especially young adults, able to work multiple jobs in one year. It shows a lack of stability, and easy to get into the financial pressures as the economy a sudden drop and jobs are harder to find. Is for the reason that you have a car loan to avoid and consider buying a used vehicle instead. There are many advantages to buying used cars than new.
Advantages of getting used to
Used cars are generally much cheaper than new cars. Therefore, they are easier to save money for. Often will be sold by individuals instead of companies, and the owners can be much more flexible. You save money because you buy cars at wholesale prices. Unlike a car loan, you do not have to pay interest when buying a used car. At the same time there are some disadvantages to buying a used car. Used cars often have a lot of miles on them, and much more likely to breakdown faster than new cars. It can save you costly repairs.
Can not Addon
Used cars do not have a choice you get a new car. Colors and other accessories may not be able to choose from, and what you see is what you get. Although there is little you can do, please send an engineer to check the used car before buying to ensure that no mechanical problems. If the shipment goes, it can cost more than $ 1,000 to fix it, and this can be a financial pressure. You need a quality used car to buy from a reputable company to make a good remedy.
Paying the true value, not what you are told
You need the value of the PPP to check for a used car you are interested in determining the price of the owner who asked not to high. If the Commissioner on a particular car is $ 3,000, not buying an owner who asked for $ 4000, unless there is good reason to do so. Auto loan should be avoided unless you have a steady job, high income, or a large amount of savings.