Is it better to buy a new car, used car, or lease a car for a frist time driver?
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I wanted some advice on what is the best option I should choose. This would be my first car and I was wondering if its "safer" to buy a used car, new car, or lease a car? When I use the term "safer" I am asking which would be the best in terms of insurance in case of accidents or damages, in other words, which choice would I get my money's worth in terms of insurance and such? Thanks in advance!!
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Answer:
BUY a used car. Save for a new car later, and stay away from leases, they're an awful financial decision. Used cars are generally cheaper up front, have lower insurance rates, and some are safer than new cars. I suggest you set the maximum age to 10, the maximum mileage to 70,000, and the minimum MPG to 20 combined when looking for a used car. Don't buy anything with a rebuilt or salvage title. Always ask for a Carfax and remember that if something seems to good to be true, it probably is. Always test drive your car before buying it. Always, always, always read the contracts before signing them. Never buy a car just because it looks good to you. It might be a pain to drive, the most uncomfortable thing to sit in, and a fortune to repair. Look around at every dealership, every lot, ever car until you find what you want. Don't settle for something because it isn't awful. Strategize, don't compromise. Last but not least, get your mom, dad, or both to look over the car with you. They may not be 'hip', but they've been on this planet longer and generally know big problems to look for from learning when they got their first car.
Katie Lee at Yahoo! Answers Visit the source
Other answers
buy a used car. learn how to drive and about the world in something that doesn't break your budget and it'll make memories you will love to look back on
Go for a lower mileage used car. By doing this you won't be paying the premium price for a new car and your insurance won't be sky high driving a 200k miles rust bucket. I would also recommend buying the car in one payment and not over 3-6 years. As a first time car buyer you don't want to have to be concerned about payments on it.
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