Buying A Car, Part 2 of 4; Researching Your Car and Your Financing

After you decide what type of vehicle you want, you need to determine if you want to buy it used, new or leased. My general feeling is that leasing a vehicle is only appropriate if you wish to get a new car every year and are rich. Buying a used car makes good sense if you’re looking for a car that cost a few thousand dollars. Remember, buying a used car has many risks, there are reasons the use car is for sale, somebody had issues with it and now wants to sell it. But the real fact is used car prices are high, many sells for over $18,000, you can buy a brand-new car for that price. For example. A New Nissan Versa Sedan cost under $13,500 (2019). So why would you buy a used car, without the warrantees, current safety features and lower finance alternatives? Only cars that are lemons are treaded “ Gresham’s Law”, and they are traded for the same value as good cars “Asymmetrical Information.” In order to research financing used bankrate.com or other reputable sites Once you know what type of car you want you can now solicit bids online (use your dummy email account) through truecar.com