Categories
Car Ownership Dollars and Sense

Used Car vs. New Car: Factors to Consider When Making a Purchase Decision

When deciding between a used car and a new car with a warranty, multiple factors come into play. Two case studies shed light on the options. In Case Study 1, John saved money initially with a used car, but incurred repair costs over time. In Case Study 2, Sarah enjoyed a hassle-free ownership experience with a new car and warranty. However, after 6 years, John drove two cars with repair costs similar to Sarah’s, ultimately spending less. It’s crucial to weigh advantages and considerations to make an informed decision. Tags: used cars, new cars, car warranties, budget, reliability, maintenance, depreciation.