Car Buying in These Tough Economic Times
Posted by Andreas Boyar on Fri, Aug 27, 2010 @ 12:52 PM
In these difficult economic times, consumers are being very careful with their money. As a result, there has been a drastic decline in new vehicle purchases. People are opting to buy pre-owned vehicles far more than every before.
Cars that are only two or three years old cost thousands less than a brand new car right off the lot. Purchasing a pre-owned car means you may not know the complete history of the vehicle. While saving on the initial cost of the car, pre-owned cars inevitably rack up the exact same repair bills.
Furthermore, the manufacturer’s warranty is typically exhausted on “new-used” vehicles. As a result, the money that was saved by buying a pre-owned vehicle now has to be spent making necessary repairs. Financially, this makes buying a used car a zero-sum game with the uncertainty tending towards making the transaction more expensive, not less expensive.
AAA Southern New England counsels members to take some of the money they save from purchasing a “new-used” vehicle and apply it to a Car Guard Extended Warranty. With Car Guard, you can protect your investment in a "new-used" car and ensure hassle-free repairs should your car require them. Financially sound and good for your peace of mind. What more could you ask for?
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