Should I buy a new car or used?
I'm working in Texas I live in California but I'm making tons of money out here I fly back December 31st but I have a lot of money saved up $13,000 it's a lot to me lol but I wanna ask if I should use that for a down payment for a new car or keep building my car. I have a 98 trans am and 2011 Honda Civic I'm making payments on I need guidance lol I never had this much money before I feel an urgency to get something I really wanted which is a 2016 Camaro ss. Brand new they're a lot more so I was thinking a used dealership.
New!
Good used mayeb
It is always cheaper to buy a low mileage used car with a good repair record than it is to buy a new car. There are lots of nice Toyotas, Hondas, Hyundais and even Lexi for that price.
How much do you owe on the Honda? And do you have any other debts? Are you planning to get rid of one of the other cars or are you going to keep 3 cars? Here's another idea--keep your $13,000 in the bank for a while.
Making payments on? Wise up. Do not have debt. Ever.
Put $4500 in an IRA to cut down your tax liability. Put the rest in a managed investment account and watch it grow. Dump the TransAm, since Pontiac Motor Division is extinct. Get ready for effed up economy to come in the next few years.
I AGREE with the IRA.
And DON't spend heavily on a car. Plan for your future & retire early.
Google "drive free, retire rich".
DON't let that money burn a hole in your pocket… Keep it for hard times, fix up the trans am and go about all of this nice and slow.
Used ones…
Used ones are cheaper
Yes
- I need to buy a new-used car? Not too old or with too many miles.Thinking about Toyota or Honda. Does anyone have any other ides? I'd like to keep it under $16,000 if possible.
- If your car was starting to have a lot of mechanical issues (see details), would you go for repairs or buy a new or good used car? My 2002 Honda Civic is suddenly having a lot of problems - SRS dash light always on, AC doesn't work, squeaking and thumping underneath on front passenger's side and brake pedal, and passenger side mirror is loose.
- If I buy a used car (63 plate 2013/14) will I get hit by the new road tax rates? I'm looking at buying a used car (63plate Honda Civic 1.6 disel) and the road tax is free at the minute. Will the road tax go up for me if I buy it after March 31st or is it just new cars?
- 08 Honda Civic Engine Swap or Just buy new/used car? I was a victim of hit and run and never caught the culprit. My car is totaled but the engine is perfectly intact and undamaged. I have a 2008 Honda Civic EX-L with only 96k Miles on it. If i was to buy another civic of the same generation or shell and do an engine swap how much would it cost for the engine swap job? Or should i forget about it and just move onto purchasing a new or new used car?