| Buying a car for the first time may be an | | | | no-haggle sales and the cars are maintained regularly |
| overwhelming decision. Should you buy a new or a | | | | for safety purposes. If you are buying a used car |
| used car? Should you buy your car or should you | | | | from an individual, make sure to have the car |
| lease it? These are just two of many questions a | | | | inspected by your mechanic; take it for a test drive |
| first time car buyer may have. | | | | and do a vehicle history check. If you're buying from |
| If you are a first time buyer, there are some points | | | | dealer, it is wise to check into extended warranty |
| to consider. The total cost of ownership is not just | | | | options. Beware of the 'as is' clause, as you might |
| the price of the car. There is also gas, insurance and | | | | get stuck with repairs and other expenses after you |
| maintenance that will add to the overall expense. | | | | drive it off the lot. The benefit to purchasing a new |
| Insurance on new cars tends to be higher than on | | | | car is the often the safety and safety equipment on |
| used cars. Lack of credit history can pose a challenge | | | | a new car is superior to a used vehicle. |
| to getting financed. It might be in your best interest | | | | Sometimes it makes sense to lease a car instead of |
| to establish some credit by getting a gas card or a | | | | buying it. When you lease a car, you will usually pay |
| department store credit card first. A co-signer is | | | | less monthly payments and at the end of the lease |
| another option, but there are lenders willing to finance | | | | term you either return the car or can opt to |
| those will little credit history as long as they are | | | | purchase the car. If you decide to buy the car, you |
| deemed credit worthy with a stable job and with the | | | | will end up paying a buy-out charge. Leasing a car |
| same address for a long period of time. | | | | might be the right choice if you can keep within the |
| Additional car buying considerations are whether to | | | | annual mileage, want a lower monthly payment, like |
| buy a new or used car. Certainly nothing can replace | | | | driving a new car and don't want ownership. Buying a |
| the 'new car' feel, but buying a used car comes with | | | | car will involve higher monthly payments, but you will |
| its advantages. First, the overall cost of the car, | | | | build up trade in or sales value, and the car belongs |
| depreciation, insurance and taxes will be lower. Rental | | | | to you. It will also be a less expensive choice long |
| cars are a great possibility as they generally offer | | | | term. |