Comments on: New Car or Used Car – Which is the Better Deal? http://outofyourrut.com/blog/2010/02/16/new-car-used-car/ Careers, Business Ideas, Money and More Fri, 10 Feb 2012 14:34:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kevin M http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-102298 Kevin M Fri, 26 Aug 2011 17:13:23 +0000 http://outofyourrut.com/blog/?p=1058#comment-102298 Thanks for the comment Kevin2. You're Kevin1 when it comes to real estate! Anyone reading who lives in Southern California, needs to buy or sell property and wants to work with an agent who knows his business, check out <a href="http://kevinpaffrath.com/" rel="nofollow">kevinpaffrath.com</a>. There's also a lot of good, current market information on his site, and I should know because I visit it often to stay on top of industry trends. (OK, I do some commenting too, but what the heck--I'm there anyway!) I should also add, from my mortgage experience, that large car loans were one of the major problems for people qualifying for mortgages, especially first time home buyers. If you think you're going to buy a home in the next year or two, a used car is definately the way to go. Not only is the payment lower than on a new car, but they're smaller and easier to payoff, should that become necessary to qualify for a mortgage. It's tougher to qualify for a mortgage these days, so you have to keep your options open. Thanks for the comment Kevin2. You’re Kevin1 when it comes to real estate! Anyone reading who lives in Southern California, needs to buy or sell property and wants to work with an agent who knows his business, check out kevinpaffrath.com. There’s also a lot of good, current market information on his site, and I should know because I visit it often to stay on top of industry trends. (OK, I do some commenting too, but what the heck–I’m there anyway!)

I should also add, from my mortgage experience, that large car loans were one of the major problems for people qualifying for mortgages, especially first time home buyers. If you think you’re going to buy a home in the next year or two, a used car is definately the way to go. Not only is the payment lower than on a new car, but they’re smaller and easier to payoff, should that become necessary to qualify for a mortgage. It’s tougher to qualify for a mortgage these days, so you have to keep your options open.

]]> By: Kevin Paffrathi http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-102186 Kevin Paffrathi Fri, 26 Aug 2011 01:34:42 +0000 http://outofyourrut.com/blog/?p=1058#comment-102186 Although a lot of new buyers (like myself) are getting rates closer to 5%, you are still right in comparing 2 car payments in a family as being close to the payments for a home. My Prius payment is $505 per month. Two Prii for a couple could equate to a nice $130,000 condo with total monthly payments (principal, interest, property taxes, and insurance AND HOA dues) being UNDER $1,000 per month (even in Southern California coastline real estate). Great post, Kevin2 Although a lot of new buyers (like myself) are getting rates closer to 5%, you are still right in comparing 2 car payments in a family as being close to the payments for a home. My Prius payment is $505 per month. Two Prii for a couple could equate to a nice $130,000 condo with total monthly payments (principal, interest, property taxes, and insurance AND HOA dues) being UNDER $1,000 per month (even in Southern California coastline real estate).

Great post,
Kevin2

]]> By: Kevin M http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-44432 Kevin M Tue, 28 Dec 2010 02:10:30 +0000 http://outofyourrut.com/blog/?p=1058#comment-44432 Andrew - My thinking is that for most people, the options tend to be more numerous with used cars than with new ones. If you limit yourself to buying new, you'll hit your budget ceiling much sooner, where with used you can work down to the budget you have and the options are nearly unlimited what ever that number may be. Andrew – My thinking is that for most people, the options tend to be more numerous with used cars than with new ones. If you limit yourself to buying new, you’ll hit your budget ceiling much sooner, where with used you can work down to the budget you have and the options are nearly unlimited what ever that number may be.

]]> By: Andrew@Used Car Dealers http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-42814 Andrew@Used Car Dealers Thu, 23 Dec 2010 08:53:17 +0000 http://outofyourrut.com/blog/?p=1058#comment-42814 Quality and cost are the two important factors which a car buyer considers and you can find both these factors in a used cars. Quality and cost are the two important factors which a car buyer considers and you can find both these factors in a used cars.

]]> By: tim@business Contract Hire http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-26568 tim@business Contract Hire Thu, 28 Oct 2010 11:17:23 +0000 http://outofyourrut.com/blog/?p=1058#comment-26568 In today's depressed people are turning away from new cars,though companies are trying really hard to lure them in .People are trying to be on the safer side by going a used one and saving some bucks,but the maintenance of used car is a real headache. In today’s depressed people are turning away from new cars,though companies are trying really hard to lure them in .People are trying to be on the safer side by going a used one and saving some bucks,but the maintenance of used car is a real headache.

]]> By: Kevin M http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-23900 Kevin M Thu, 14 Oct 2010 02:20:26 +0000 http://outofyourrut.com/blog/?p=1058#comment-23900 Queen - That four year difference translated into thousands in savings. Even if your car isn't as new as his, I'd feel better knowing I paid less for it. The real payoff is always how much money you have left over at the end of the week, month or year, not how new or cool your toys are. Queen – That four year difference translated into thousands in savings. Even if your car isn’t as new as his, I’d feel better knowing I paid less for it. The real payoff is always how much money you have left over at the end of the week, month or year, not how new or cool your toys are.

]]> By: Queen http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-23588 Queen Tue, 12 Oct 2010 13:55:34 +0000 http://outofyourrut.com/blog/?p=1058#comment-23588 I just bought a second hand 2005 hyundai tucson. it only has 30243 km on the clock and its in good condition! its funny only people who know how many km it has already covered know its secondhand, others believe I bought a brand new. i met someone who owns a 2009 hyundai tucson and guess what? u cant tell the difference between the two cars, colour, shape, extras and all! He paid more than double of what i paid for mine. my monthly instalments are comfortable enough. His whole salary go into the car and the family rely on his wife's salary. not even him who has the same car can tell the difference! do i need say more! I just bought a second hand 2005 hyundai tucson. it only has 30243 km on the clock and its in good condition! its funny only people who know how many km it has already covered know its secondhand, others believe I bought a brand new. i met someone who owns a 2009 hyundai tucson and guess what? u cant tell the difference between the two cars, colour, shape, extras and all! He paid more than double of what i paid for mine. my monthly instalments are comfortable enough. His whole salary go into the car and the family rely on his wife’s salary. not even him who has the same car can tell the difference!

do i need say more!

]]> By: Kevin M http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-19643 Kevin M Mon, 20 Sep 2010 00:38:25 +0000 http://outofyourrut.com/blog/?p=1058#comment-19643 That's a good point. It's tempting to paint with a broad brush with dealers, but if you know some who are reputable, that certainly will take a lot of the stress out of the purchase. That’s a good point. It’s tempting to paint with a broad brush with dealers, but if you know some who are reputable, that certainly will take a lot of the stress out of the purchase.

]]> By: buy used car http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-19393 buy used car Sat, 18 Sep 2010 00:48:30 +0000 http://outofyourrut.com/blog/?p=1058#comment-19393 I do buy used cars for convenience and of course I can save a lot of money. I always consider dealers or stores that are credible. It will be better if you will buy a used car from a person whom you trust. Nevertheless, there are many reputable stores and car dealers wherein you can buy a used car that looks and performs as a brand new one. I do buy used cars for convenience and of course I can save a lot of money. I always consider dealers or stores that are credible. It will be better if you will buy a used car from a person whom you trust. Nevertheless, there are many reputable stores and car dealers wherein you can buy a used car that looks and performs as a brand new one.

]]> By: FinancialBondage.org http://outofyourrut.com/blog/2010/02/16/new-car-used-car/#comment-11296 FinancialBondage.org Sun, 27 Jun 2010 12:16:39 +0000 http://outofyourrut.com/blog/?p=1058#comment-11296 best car is one you paid for, cash. No payments. I am loving my paid for truck right now. best car is one you paid for, cash. No payments. I am loving my paid for truck right now.

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