Are you on a tight budget while shopping? You are not the only one. With a troubled economy and other uncertainty in the air, a lot of people are turning to used cars as a way to save money while car shopping. A used car will often have fewer features than a new car, but budget buyers must sacrifice features for affordability, but not every used car is actually going to be worth the lower price. Continue reading to learn more about when it is and is not worth it to buy a used car.
Is A High-Mileage Used Car Worth Buying?
The only answer to this question is maybe. Without knowing the condition of the car outside of mileage, it is hard to say for sure if a model is worth it or not. Some cars can survive 300,000 miles or more before truly showing their age, while others begin to become money traps at just 150,000 miles.
Volkswagen vehicles are examples of cars that can rack up a lot of miles before becoming more trouble than they are worth. Learn what you can about how frequently the previous owner got oil changes, how many collisions the vehicle was involved in, and what major repairs they have completed, if any.
Is a Foreign Used Car Worth Buying?
You have probably heard that European cars are more expensive to service than American and Asian cars, but this isn’t always true. When people say this they are usually referring to luxury European cars and going to a professional mechanic that specializes in that brand. If you plan to do some of your own maintenance and servicing, and you shop around for authorized parts, you can keep your own Volkswagen running for years without paying luxury professional repair costs.
Does a Used Car Cost More than a New Car Because of Repairs?
A used car could end up being a big hole for your wallet if it is on the cusp of needing transmission, engine, axle, and other major mechanical repairs. Most of the time, these expensive repairs will not all happen at once, but they are still costly. If you can do some repairs yourself on a used car, it will often be less costly than financing a new car, even of occasional major repairs. It’s not like new cars don’t need regular maintenance.