If you rule out leasing and decide you want to own, you'll have to weigh the pros and cons of new cars vs. used cars. Although the out-of-pocket cost of owning a used car is generally lower, a car loan interest rate is likely to be significantly higher for a used car than for a new car. Why are used car loan rates higher?
Brand new 2020 car models will roll out this September. But is buying a new car the smartest choice for consumers? "The new car shopping experience is a little easier, financing is better, a lot
Bankrate.com provides free auto loan calculators and advice on new car or used car decisions.
Convenience: This factor is less linked to new versus used and more on where you chose to actually purchase the car from. When buying from the official agency, or used car showrooms, they will typically help you with all paperwork including financing, insurance, and registration.
Certified pre-owned (CPO) cars are popular with buyers who want to minimize the risk of buying a used car. They get added benefits, such as a limited warranty, roadside assistance and loaner vehicles.
CARS.COM — Should you buy a new or used car? It depends on your needs and preferences as a buyer, but it's hard to remember a better time to buy. There are plenty of good vehicles out there