Re: Pros and cons of buying a new car or nearly new car?
There are sometimes that car manufacturers offer 0% financing, but I haven’t seen that in awhile. My husband is in the auto industry; he works for an auto auction. (So when people trade in their used car for a new car, or newer used vehicle, the dealerships run them through auctions to get used cars they know will sell on their lot. He manages a team of people that call on dealerships and try to get the. To use their auction.) Anyhow, we buy new cars bc he can usually work the deal so that we pay just a little over what the dealership paid for the car. For example, when we knew we were having our 3rd child, we needed a bigger vehicle for me and we bought a new Odyssey. Bc he could get such a great deal, it made more sense to buy a brand new one. It can be hard to find a great used van bc they’re usually driven for many years/miles and often have passengers who eat goldfish and leave tons of crumbs!
Right now, some dealerships will be looking to offload new 2019 models. My parents are considering a bigger vehicle for my mom and my husband mentioned that there are usually promotions around the Super Bowl and March Madness, I guess due to increased tv viewership and all the advertising.
Definitely check the CarFax before buying a used car. You want to know if it’s been in an accident, had significant repairs, etc.
My hubby says to check True Car online; it’s a company that collects data so you can see what other people in your area paid for a similar vehicle. There’s always room for negotiation [emoji6]
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