Should You Buy A New or Used Car?
On this episode of The Table with Anthony ONeal, we share the essential strategies for avoiding overpaying when purchasing a car. Before diving into the market, it's crucial to gain a clear understanding of your wants and needs. AO explores how to assess your requirements, set a budget, and conduct thorough research to find the best deals. By equipping yourself with knowledge and a well-defined plan, you can navigate the car-buying process confidently and ensure that you get the most value for your money. Tune in to learn how to make informed decisions and avoid common pitfalls in car purchases!
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Пікірлер: 26
Preowned is for me, like 3-5 years, depreciation already happened👍🏿
Used. Let someone else deal with the depreciation
I’m back in the market after having my car totaled. I haven’t purchased a car in 7 years. I paid $12k for a used low mileage Toyota Corrolla in 2017. Paid it off in 2 years. That same used corrolla with double the mileage is $14k. 😭😭😭. This market is insane.
@MBryantFFNY
25 күн бұрын
Literally in the same boat as you.. This market is crazy.
Blessings on Anthony and this ministry in the name of Jesus! Setting people free!
Used tesla model 3s for under $25,000 get the 4k instant tax rebate. It is the best deal on the market
I drive a 2006 Toyota Highlander LE 125k miles. No car payments.
I would say used but depends on the market at the time. When I brought my wife suv I brought it brand new because the used suv market was very hot at that time. It was cheaper to get it brand new I saved a thousand dollars.
@mihent13
21 күн бұрын
CAP 🧢
The last few years buying new was way better than buying used. New car we looked at was 34k charger.. the used car was 30k with 35k miles.. and it was a year and a half older and it was the same situation at every lot
You are taking a risk either way,you just have to do your research.
Yes the deal
Besides local car lots, what are good websites to find good reliable used cars on?
Older car should have cheaper insurance coverage but it doesn't. $800. For liability insurance on 19 year old car. Credit good and driving record.
Always buy use and let someone else pay the full msrp price for it. This is the reason why I stop buying new cars nowadays.
i dont trust used cars, i bought one and had to spend a lot fixing it
@roolyfe
24 күн бұрын
Japanese cars are most reliable. What type of car did you buy?
@philshelton3534
24 күн бұрын
@@roolyfe ford transit
Used for me. My car would have been 70k new. Got it for 24k buying it 3 years old. I buy high mileage since i dont drive alot. Now the years have caught up with the mileage. I worked for a dealership in the department that handled the invoice. It depreciates significantly because the dealership never paid that amount anyway. You end up paying what makes them.profit over and above the actual cost.
Uh, not these days....used cars are more expensive for same/similar new models.
Get a brand new used car i.e. get a car three years old
High end cars are a waste of money. You basically said I saved $130k in depreciation, do you realize how many “normal” brand cars you can buy for $130k? I get it you can afford it but it doesn’t mean you need it. All about status, right? Owning more and more land, having a bigger investment portfolio are the statuses I want and I don’t care who knows about it.
Life insurance is ripped off, in my opinion. And that's what I was told. Please explain why you think it is good. I would rather leave my family money that I saved.
@trfrierson
25 күн бұрын
Life insurance is only suppose to be purchased until you have reached your networth to leave your children and pay for your own funeral expenses.
New cars have lower interest rates than used cars, no clue what your talking about
Anyone willing to buy my 2001 Toyota Tundra 275k miles for $12000? Jkjk lol