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Choosing the Right Car

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For most people in the United States, the car is one of their most expensive purchases. So make sure you ponder this issue properly before pulling out your credit card. The first thing you might want to look at is whether to buy a new car or a used car. Some people just refuse to buy a used car, while others simply refuse to purchase a new one. There are of course both advantages and disadvantages of both. So, what's so great about a new car? Well, a new car comes with all the perks: the latest devices, the color, the interior design. And you don't have to worry about any problems with the new car, you are fully covered by the car warranty. And of course, if you keep your car in good shape, you can probably extend the life of your car with minimal maintenance. But a new car comes with the drawbacks as well. The price, for one, is a major turn-off factor. And once you start driving the car, the resale value can decrease quite dramatically within the first two years. Insurance would probably cost much more as compared to a used car. How about a used car? It’s definitely much cheaper than getting a new car, and your insurance wouldn't cost you a bomb. A popular used-car option is a off-lease used car. These cars are usually no more than 4 years old and are almost new, mainly because of the required maintenance and mileage limits. The warranty is often found intact as well. However, getting a used car means you may experience more problems with the car, and of course you have less choice over the exterior and interior of the car. You should always only purchase a used car from a car dealer you are familiar with, so when things go wrong it's easier for you to seek help. After you have decided on a new or used car, you should look at how you will use the car. Will the car be a family vehicle? You don’t want to get a sedan for a huge family, but neither do you want to get a mini-van for just yourself. Do you need the state-of-the-art sound system? If you’re an audiophile with quite some cash you’ll probably want to invest in one, but if you listen only occasional than it will be nothing more than a while elephant. What other features do you need or not need? You’ll definitely want to get things that you won’t regret getting. Next, you should probably be looking at financing. If you’re rolling in cash, you can pay for the car immediately, but most people pay in installments. You can choose to purchase the car, lease the car, or rent a car. The difference between leasing and renting is that leasing is more long term: you pay monthly for 12, 24, 36, etc, months, than return the car at the end of the lease period, unlike renting a car where you pay by the day or the week. Finally, you should look at insurance. Insurance is always higher for high-risk cars like sports cars. Not only are the drivers often more reckless, they are also a more common target for theft and vandalism. Do you really need that cool flashy car that ‘everybody has’? Save money on buying that car, and save money on the insurance too! Remember, purchasing a car is probably your second largest expenditure, besides your house. Make sure you evaluate all the options and think through it properly before buying. On a final note, always shop around, and NEVER buy on impulse. About the author: Pete Lance is the founder of USGasTracker.org, a premier company which helps the consumer save money on gasoline. Thousands of gas stations across the nation are tracked daily to guarantee the lowest prices on gasoline anywhere in the United States. For more information about getting the lowest gas prices in town, visit: http://www.usgastracker.org

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