Calculator - Buying a Used Car vs New Car

Should you be buying a used car or a new car?

Which one is a better financial decision?

There is an ANSWER!

New Car

Used Car

PROS
  1. NO PAYMENT (if you do it right)
  2. PAY OTHER DEBTS
  3. SAVE MONEY
  4. ​STILL CAN HAVE THE NEW CAR SMELL !!!
CONS
  1. SMALL REPAIR BILL (for 20 year old car it has been small - watch the full length video)
  2. CAR MAY NOT LOOK AS NICE
  3. YOUR FRIENDS MAY LAUGH AT YOUR CAR BUT PAY $600/MON FOR THEIRS
PROS
  1. WARRANTY
  2. ​LESS REPAIR COSTS
  3. NEW CAR SMELL !!!
CONS
  1. HIGH MONTHLY PAYMENT
  2. NEGATIVELY EFFECTS YOUR BUDGET
  3. SLOWS OTHER DEBT PAYMENTS

Full Length Feature - YouTube Video

Instructional Video

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