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S_2NR wrote:OP, biggest advantage of buying new is NO STRESS. Everything working and if not is under warranty so you have a problem free car for at least two years. five stress free years if you maintain it properly.
and that new car smell is hnnnnnghhh so udfr
Trinbagoviews wrote:S_2NR wrote:OP, biggest advantage of buying new is NO STRESS. Everything working and if not is under warranty so you have a problem free car for at least two years. five stress free years if you maintain it properly.
and that new car smell is hnnnnnghhh so udfr
Common excuse.............
When you buy a new car you are paying a high premium to have a warranty / or a feeling of reliability, with all that money you pay the bank and the car dealerships you could comprehensively maintain a gently used car, more than you would ever need.
Instead use that money that would be wasted buying a new car and budget it toward car maintenance and toward your next cash purchase of a car. With a thorough car search and proper counsel before making a used car purchase you'll have an excellent chance of finding an affordable roadworthy vehicle. Though this may not be what you want to hear; deferring instant gratification has tremendous benefits. Don't be impulsive with your financial decisions or follow the advice of the loan officer they don't have your interest at heart
Trinbagoviews wrote:S_2NR wrote:OP, biggest advantage of buying new is NO STRESS. Everything working and if not is under warranty so you have a problem free car for at least two years. five stress free years if you maintain it properly.
and that new car smell is hnnnnnghhh so udfr
Common excuse.............
When you buy a new car you are paying a high premium to have a warranty / or a feeling of reliability, with all that money you pay the bank and the car dealerships you could comprehensively maintain a gently used car, more than you would ever need.
Instead use that money that would be wasted buying a new car and budget it toward car maintenance and toward your next cash purchase of a car. With a thorough car search and proper counsel before making a used car purchase you'll have an excellent chance of finding an affordable roadworthy vehicle. Though this may not be what you want to hear; deferring instant gratification has tremendous benefits. Don't be impulsive with your financial decisions or follow the advice of the loan officer they don't have your interest at heart
AllTrac wrote:buying a used car is always a gamble and more than likely you always come out losing. Its either you buying someone else pride and joy or you buying someone else headache, 90% of the time its the latter. For someone who like to tinker and has a fair technical knowledge on cars also if your livelihood does not depend on having your own transport then I say go for it, save the extra dollars and buy it used. For a woman, first time owner, someone who doesnt have the time to run by mechanic and older people, save yourself the headache in the long run and buy new.
???Trinbagoviews wrote:
Annual Interest Rate: 12% (Could be much more)
xhex wrote:and then what is it all worth when this sheit happens?
dont know much aboutthe accident last night on the avenue... but i do know, the bank and the insurance company smiling
Crackpot wrote:I inside on this discussion....remember that if it was not for the foreign used industry the MAJORITY of Trinbagonians could not afford a new vehicle whether they are working or not
And to the person who said to pay down more than 10 % that is an elitist statement because where is the avg upwardly mobile young person going to get $100,000 or more in cash or savings to spend?
Also new cars do give trouble as with anything else there are faults.
We in Trinidad are just fooling ourselves tying up our money for years to get the latest licence plate number for what I don't know It is not logical in a financial or economic sense so OP is right.
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