Skip to content
Expansivetechnologieslogo
  • Home
  • About Us
  • Categories
    • Games
    • iPhone
    • Camera
    • Mobiles
    • Hosting
    • Android
    • Gadgets
    • Hardware
    • Software
    • Electronics
    • Tech News
    • Accessories
    • Applications
    • Tips and Tricks
    • WordPress Themes
    • Reviews
  • Advertise with Us
  • Contact Us
Buy-New-or-Used-Car
February 14, 2023 / Reviews

Should I Buy New or Used? What Questions to Ask Yourself Before Buying?

As the adage goes, “they don’t make ’em like they used to.” Most folks resonate with this sentiment, and that’s where used cars come in.

Sure, the smell of a shiny new automobile, with all the latest bells and whistles, can sometimes be irresistible. But before you run out and trade your hard-earned Washingtons for a brand new set of wheels, consider the benefits of opting for a used car instead.

Buy-New-or-Used-Car

Cost of owning a new versus used car

First and foremost, let’s talk about cost.

Most first-time car buyers may not know that new cars depreciate significantly as soon as they’re driven off the lot. But what about when you buy a used car in Costa Mesa, Santa Ana, Newport Beach, or another local area serviced by OC Auto Matrix?

The trend is the same – YOU SAVE MONEY.  You see, used cars have already taken the initial hit on depreciation, meaning you can often snag a gently used vehicle for a fraction of the cost of its newer counterpart. A study by Edmunds indicates that the average new car loses about 11% of its value in the first month of ownership and nearly 50% over the first five years. While there are variables that impact depreciation on a vehicle by vehicle basis, the average is nearly 50%.

The average new car loses 11% in the first month after purchase, and almost 50% over 5 years!

But it’s not just the upfront cost of a used car that’s more budget-friendly. The cost of ownership for a used car is often significantly lower than that of a new car. For starters, used cars generally have lower insurance premiums than their more contemporary counterparts.

But what about maintenance costs and repairs? While new vehicles are still covered under their manufacturer’s warranty, used cars may not. But worry not! With the help of OC Auto Matrix staff, we will assist you in locating a quality pre-owned vehicle and will even allow you to finance a protection plan for only a few dollars per month!

or by selecting an appropriate protection plan offered by OC Auto Matrix, the cost of repairs and maintenance can be significantly lower than that of a new car.

What should you ask yourself before buying a used vehicle?

First and foremost, how much can you afford to spend upfront? Before anything, decide how much you can comfortably afford to pay for ongoing costs such as insurance, maintenance, and repairs.

Think about your needs. What do you need the car for, how many people will you be transporting, and how often? Do you need a larger vehicle with more storage space, or will a smaller, more fuel-efficient car suffice?

Furthermore, consider the reputation and reliability of the make and model you’re considering. Dig for reviews and ratings online, and if possible, take the used car for a test drive to get a feel for its performance and comfort.

Whether you purchase a new or used car is a personal decision that ultimately depends on your budget, needs, and preferences. However, consider the long-term cost of ownership and whether the numbers make sense for your situation. If you’re on a tight budget and your goal is a reliable and cost-effective transportation solution, a gently used car may be the way to go. Do your homework and pick a unit that’s been well-maintained and has a good track record for reliability.

Get your used car from Auto Matrix

If you’re looking to purchase a used car in Costa Mesa, Irvine, Santa Ana, Huntington Beach, Newport Beach, Tustin, Anaheim, or Orange County, Auto Matrix stocks a wide variety. You’ll be sure to find one that fits your budget and needs.

OC Auto Matrix also can buy your car if you ever need to sell your vehicle in Orange County and surrounding areas. We pay Cash for Cars in Orange County! Talk to us today! Better than searching Craigslist OC Cars or OC Auto Guys, visit our showroom today!

Related Posts:

  • 3 Graphics Card Under $500
    3 Graphics Card Under $500
  • Noah-George-George-Real-Estate-Group
    Consult Noah George to Get the Best Piece of Advice…
  • Cellular Tracker in Company
    The Benefits of Cellular Tracker in Company
  • Derivatives Brokerage
    James Sanders London Believes in Helping Others Grow…
  • How to Write a Long and Engaging Article
    How to Write a Long and Engaging Article
  • What’s the Best Online Store for Buying Premium Quality Hookahs in Canada
    What’s the Best Online Store for Buying Premium…
  • eBay Store Setup and Management Services
    BTW Consulting – The Best Name for eBay Store Setup…
  • Paulo Dalla Nora Macedo
    Everything You Need to Know About Paulo Dalla Nora Macedo
  • Norman-Keith-White-Law
    Norman Keith White - Intellectual Property Law and…
  • What Do I Need to Start Taking Courses Online
    What Do I Need to Start Taking Courses Online?
  • Charlie Walk
    Need to Improve Your Music Skills? Join Charlie…

Post navigation

Previous Post:

Are There Ways to Make Sure My Garage Door Spring Repair is Long Lasting?

Next Post:

The Benefits of Upgrading Your Garage Door

Recent Posts

  • A Convenient Way to Buy Shipping Postage Using Cryptocurrency

    A Convenient Way to Buy Shipping Postage Using Cryptocurrency

  • How to Effectively Manage Digital Workers for Optimal Results

    How to Effectively Manage Digital Workers for Optimal Results

  • Tenet – L’Analyse de Kotcharian Marcel

    Tenet – L’Analyse de Kotcharian Marcel

  • A Step-by-Step Guide to Starting Your Blog in 2023

    A Step-by-Step Guide to Starting Your Blog in 2023

  • Harnessing the Power of POS: A Guide to Growing Your Business

    Harnessing the Power of POS: A Guide to Growing Your Business

Categories

  • Accessories
  • Android
  • Applications
  • Artificial Intelligence
  • Camera
  • Crypto
  • Electronics
  • fr
  • Gadgets
  • Games
  • Hardware
  • Hosting
  • iPhone
  • Mobiles
  • Reviews
  • Smart Appliances
  • Social Media
  • Software
  • Tech News
  • Tips and Tricks
  • Trading
  • Wordpress Themes

Top Posts

  • When to DIY and When to Call a Pro – Navigating Garage Door Repair Challenges

    When to DIY and When to Call a Pro – Navigating Garage Door Repair Challenges

  • The Benefits of Upgrading Your Garage Door

    The Benefits of Upgrading Your Garage Door

  • What Is The Best Way To Employ Emergency Garage Door Repair Service?

    What Is The Best Way To Employ Emergency Garage Door Repair Service?

  • How to Have Your Email Address on Your Own Domain?

    How to Have Your Email Address on Your Own Domain?

  • Top Best Apps to Download Facebook Videos

    Top Best Apps to Download Facebook Videos

Archives

  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • October 2021
  • June 2021
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • November 2020
  • April 2020
  • March 2020
  • February 2020
  • June 2019
  • May 2019
  • March 2019
  • September 2018
  • August 2018
  • July 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • September 2017

© 2023 Expansive Technologies - Powered by SimplyNews