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Should You Buy First Hand or Second Hand Car?

What value does first and second hand cars have?

These days, the economy has hurt the automobile industry.  They had to receive a bailout from the government to stay in business.  Considering these circumstances, one would think buying a first hand car would be their best option.  Retailers would definitely quote a great deal on a new vehicle for one more sale.  What about those second hand dealers that run a different side of things?  Do their cars have less value over the first hand cars?

A first hand dealership offers some beautiful, glossy vehicles that can have prices to make you turn your own car around and drive away.  If you have not kept up with the changing economy, you just might miss out on the biggest way to save money.  Originally, automotive dealers were able to give incentive rebates and cash back on their new vehicles.  It was only applied on specific basis, making you itch to make a purchase.  Now, some of those rebates and cash backs are reaching a record high for savings that will knock you off your feet.  

Dealing is a sales person's game and you should take advantage of the opportunity to lower the special price that is given.  You never know what they will pull out of their hat to ensure a happy customer and happy sale on a first hand car.  Even after you have won a lower price, do not be afraid of asking again.  After all, you really do want that first hand car that is beaming for a new owner.  What a great feeling to drive off an auto car lot, behind the wheel of that brand new, shiny color of your choice, car.  The fresh new car smell, seats that need broken in, and smooth driving are worth it.

Now, some will say they will never buy a first hand car in their life.  You need to understand the loss of value on a first hand car, and the value you can get, or give, on a second hand car.  After signing the dotted line for that first hand car, you have lost at least half the value of the car.  Most people do not keep a car longer than four or five years and trade it in for another first hand.  This is when it gets sticky in wheeling and dealing. 

Since the value of a used, new car goes down significantly, a second hand vehicle sells at a higher price.  The difference between the value of the first hand car and the price of the second hand car allows for a large window of selling and negotiating room.  Buying a second hand car makes it tough to get the color or options of your desire.  

Buying a second hand car means dealing with maintenance issues outside of the car manufacturer's warranty, unless you find a car with a limited time left on the warranty.  So a good tip to buying a second hand car is to make sure it still has a manufacturer warranty to get the better valued price.  

Staying up to date with new laws and governing is your answer to whether you should buy first hand or second hand.  It is all in the buyers motives and decisions to choose between them.