Eventually everyone reaches a point where they decide it is time to replace their car, the big question then becomes should it be replaced with brand new car or a high quality used Mazda in New Lennox?
The answer to that question depends on a lot of things; it is not a black and white, one-size-fits-all answer. There are plenty of valid reasons to buy new and plenty of sound reasons to buy used.
Often the decision boils down to how big will the monthly payment be or how good you will look behind the wheel, neither of these are valid reasons and certainly will not help you make a smart decision. When you buy a car based on how much every month you can afford you will usually end up buy too much car and pay over the odds for it. When you are making the “new or used” decision it is important to analyze your unique situation. For many people the right choice is to buy a used Mazda in New Lenox but like everything else, there are exceptions.
Ask yourself some searching questions:
What do you have, down-payment or trade in equity?
A buyer with excellent credit will not have any problems buying a new car with little or no down payment, this may not be the case when buying used. Many manufacturers and dealers offer considerable incentives to buy a new car; this is not the case for used cars. If you are going to finance the purchase of a used car you can expect to need a down payment either in cash or equity in your trade-in.
Why should you take the depreciation hit?
A car is far from being an investment, it is nothing more than an asset that depreciates, and depreciates quickly. Because of this it is usually smarter to buy a used car, let the original owner take the hit that can be as high as 30 percent in the first year it’s on the street.
How about maintenance and repair?
When you buy a used car it can be argued that you are buying a problem that the previous owner didn’t want. When buying a used Mazda in New Lennox there are steps that can be taken to mitigate this, you can always have an independent mechanic inspect it and you can insist on a vehicle history report. The truth is however, any used car will have parts that are going to wear out much sooner than if it was a new car, it stands to reason that the cost of repairs and maintenance is going to be higher with a used car.
Whether you are going to buy a new or used Mazda in New Lennox, when you buy it from Hawk Mazda of Joliet you can be assured of getting a high quality automobile supported by knowledgeable staff.
