Overhaulin'

Used car or new car? i need help read the story!?

i dont know if i should get a brand new car or used car for my first car. I turned 18, 2 day ago and im now planning to get a car but i dont know if i should get a brand new or old one. Also im not rich soo its gonna be down payment to pay the car. i live with my parents so i dont need to worry about paying with them the rent. i just need a full time job at the airport or somewhere else then i can get a car. If i buy a brand new one then the payment is gonna be higher because i dont own the car yet and if i get a used cheap car i can easily pay it within the year or 2. the only problem with used car is that its been used and you dont know if the car has problem near the future but its cheap to easy to pay. But in the other hand, brand new car is gonna be high payment but guarantee the car wont have a problem. so help me out guys?!?!?

Public Comments

1. Ok, for one, when you buy a new car, it loses value as soon as you drive it off the lot.. One of the worst investments you could ever make because it's a 100% guarantee loss.. Second thing to consider is that your an 18 year old inexperienced MALE driver.. A new car insurance coverage will be more than your payments for the car. Males age 18-23 pay the highest rate of insurance... Expect 300-400 a month on a new car if not more.. Trust me, used is the way to go.
2. If you buy a new car the value drops once you leave the forecourt and you lose money. Can't you just get a car thats only a few years old but secondhand? Watch because the garage does sell cars with problems, they are con artists. Helps if you knows someone who knows cars, my boyfriends car was full of rust and didnt pass mot and my car had a leaking sump. i cant afford a car and im too anxious to drive. get what you can afford at the moment. a lot of people buy 2ndhand cars as their first one and i dont think my father whos be driving for many years has ever bought a brand new car. also if there is a chance you might bump it being inexperience- im not saying you will im just supossing, you are probably an excellent driver- isnt it better to bump a secondhand car than a brand new one?
3. Well there's advantages/disadvantages for both. At your stage of life being an 18yr old such as myself it is best you get a second hand car. Although there is a risk of something wrong the cost will be in the 100's to fix + you wouldnt have had paid much for the car e.g3k while if you buy a new car it will cost many 1000's and that will increase the finance you pay. In your 30's it is best to buy a new car as it is time to enjoy luxury and you can afford such things. For now however keep it on the down low till you hit that stage of life when you can afford a brand new car and enjoy luxury.
4. Buying a new car is a realy stupid thing to do at the best of times, never mind when you're 18 and are having to take out finance for it. Actually without a job you're not going to get finance so that part of the problem is being decided for you. New cars are a terrible waste of money, they lose thousands in depreciation in the first few years. Buy a new car for £10,000 today and by 2014 it'll be worth £5k if you're lucky. Also at 18 there's a 1 in 4 chance you'll wrap it round a tree and I don't care how good a driver you think you are, because that's the stats as found by the insurance industry. Which brings us to insurance. No matter where you go and no matter how cheap and tiny-engined the car you buy is, you'll be paying well over £2,000 for it. Buy a used car for a couple of grand, no more.
5. Get a cheap used car, the insurance will save you a lot of money over something new.