Advantages And Disadvantages Of Buying A Car

“Pricey,” in this instance relates not only to the monetary cost of a car, but the environmental cost as well. On average in 2014, a used car costed approximately $16,800 (USA Today). And said used vehicle would have emissions of around 4.7 metric tons per year in carbon dioxide emissions (Environmental Protection Agency). That is a lot of CO2! And according to EPA emission reports, “In addition to carbon dioxide, automobiles produce methane and nitrous oxide from the tailpipe and hydrofluorocarbon emissions from leaking air conditioners,”(Environmental Protection Agency). Overall, when it comes to owning your own vehicle, there is a larger cost than the down payment; the environmental cost. Every aspect of owning a car produces harmful emissions; the manufacturing of the car parts in factories which releases carbon dioxide into the air, the transportation of foreign made vehicles to the United States, a process that also releases emissions, and the driving of the cars by American

The lease versus buy decision is usually tough for many managers since these two options are profitable for the company and bear advantages. Understanding the impact of the decision to buy or lease a vehicle is quite tough for the managers. However, by applying economic reasoning which takes into consideration the qualitative and quantitative influences of each of the alternatives, it is possible to make the decision making process much easier. Leasing provides the advantage of paying only the depreciation costs for the vehicle in addition to taxes and other fees while purchase requires the buyer to pay the full value of the vehicle in addition to taxes and other fees. The typical values for purchase finance repayments and lease monthly payments show that lessees pay much less than the purchasers. The economic analysis presented shows that the lease is a more advantageous option than the purchase option when taken for a longer period of time as a result of having a shorter breakeven point for the company or organization.

When I made the decision recently to purchase a new car, I was forced to evaluate the cost versus the benefits in order to make the most economically sound decision I could. My current car at the time was costing a significant amount in repairs and due to the age of the car was not the most gas efficient car that I could have. The warranty of the car was just about up and it seemed that most of the issues I was having with the car at the time were not covered under warranty. The major plus of the car is that I did own the title, there was no car payment needed. The biggest cost comparison was the cost I was having with my current

Why are cars a bad investment? Old cars are cheaper but then you have a lot of repairs. New cars deprecate a lot when you buy them new. Cars eat up money you have to pay for insurance, maintence and finance them.

Are new cars better than used cars? Well, it depends. The average used car costs less than half the average new car. Therefore, it is no surprise that used cars outsell new cars 3-to-1. Typically, used cars are a better value. Not only are they cheaper, but also depreciation is less of a factor (someone else had to lose 10% to 20% of the car's value when they drove it out of the dealership lot). However, now a perfect storm of events in the industry have put monthly payments for some new vehicles on par with (or, in some cases, even less

It turns out that the more new cars that are sold, the lower used car prices will go. In 2014, people bought more than 16 million new cars and 38.5 million used cars. Analysts expect even stronger used car sales in 2015 (U.S. News, Jan. 2015). “Supply drives [used car] values,” (Larry Dominique, Jan. 2015). The supply of used cars is growing because most people who buy a new car have an old one to trade in. That trade-in enters the used car market, expanding the supply and lowering prices. Used car prices are, on average, 2 percent lower than they were a year ago. The price of used trucks and SUVs are actually up 1 and 3 percent. If new car sales continue at this pace, prices are expected to decline overall. Demand for used cars tends to go up between Thanksgiving and Christmas, with the tendency of prices to drop in January and another rise in February.

Used car market was a huge market with attractive growth opportunities during 1980s. It was estimated worth $ 375 billion market. Competition was so deeply fragmented that no single dealership could claim more than a few percentage points share of the used car market in any locale. New car dealerships were the largest sellers of used cars. 65 % of late model, used vehicles were sold by 21,800 new car dealers through out United States. However most of these new car dealers considered used cars a secondary business. The remaining 35 % was a mix of independent used car dealers and private sales. Between 1985 and 2001, the year over year change in used units sold averaged less than two percent up or down.

A car is an important purchase. If you need an affordable car, you should purchase a used car. Used vehicles are reliable, and used cars have aftermarket accessories.

The majority of the population has or at least drives a car. One uses the car for transportation to work, school, doctors appointments, grocery shopping, you end up using the car so much the transmission gives out. You have no other choice but to buy a new/used car. So what is the first thing you do or look at when car hunting?

While buying a car is often a challenge in itself, it can be even more challenging with bad credit. However, it is also an opportunity to rebuild yourself. When purchasing a pre-owned vehicle, remember that buying the car outright won't reestablish your credit. You should actually seek to take out a loan so you can rebuild with it. Even if you have saved the money up for the vehicle, pay it steadily and on time from your savings. This process will help you to rebuild your credit, so you can walk away with improved credit again. When looking for a loan, also consider a smaller loan option. Used vehicles offer great opportunities here to get a smaller loan you can pay on easily. At Ole Ben Franklin Motors, we help get you into one of our pre-owned cars with bad credit in Oak Ridge.

If you are in the market for buying a car, you may be feeling somewhat overwhelmed that the variety of choices and options available. In particular, many people find that they believe some common myths about buying used cars that can further complicate this process. After you have the following couple of misconceptions dispelled, you should find you are much better prepared to navigate the process of buying a car.

I have always wonted to get my license,a 16 year can leave the house, have fun with friends,and go shopping. There is also cost,damage,and freedoms.All 16 year old's thank about is the freedoms never the cost or damage.

So what are you going to do? Are you going to take out a loan and buy a brand new car? That's an option. Of course, you could always go the cheap route and buy used. However, used cars are horrible investments. In a few short years, they will just become money pits. So what's the answer? Try considering a Honda lease. Here are three reasons why.

So now that he or she knows their budget and what type of car they want it's time to look for their used car. There are several ways to find a good used the car, he or she can go to a used car dealer and see what they have in their inventory and see if any fits their needs. The second and more efficient way to find a good used car is to look online. He or she can use websites like. Craigslist.com, Autotrader.com, cars.com, and many others. Let's say he or she found

The biggest thing that come along with a car is the car payment. After purchasing a car and all the taxes with it you can be in a lot of debt. To pay for the car you must take out a loan out from your bank for whatever you owe on the car. The bank makes money of the loan by interest. Interest is a percentage a bank charges you to use their money. Depending on your credit score depends on how much interest the bank charges you. When you take out a loan you pay every month towards it until you pay it off. When you first start paying your car loan off all the money goes to the interest because the bank wants there money first and then after a few months or even