Hesitant about buying a used car? With the recent economic downturn, there are a lot of new "used" car buyers in the market. Sure buying new has its benefits including a manufacturer's warranty to back it, but its important to consider the costs. To highlight the savings, we present this
2005 Mitsubishi Galant ES at the
Car Gallery for $8995. It has only 47,000 miles on it and it looks and runs great. A brand new 2009 Mitsubishi Galant has a base price or MSRP of approximately $21,000 with options, taxes, and other fees in addition. You can get a car that is only 4 years older and only driven less than 12,000 miles per year at a savings of at least $12,000! Sure you won't have to pay much in maintenance fees in the first 3 or 4 years driving the new Galant, but are you going to spend anything close to $12,000 in maintenance for this 2005 Galant in the next 3 or 4 years? Unless the car needs 4 new engines and 4 new transmissions and all 4 doors replaced in the next few years...well...not likely...no, not even close to $12,000! And after the taxes and other fees plus interest over 5 to 7 years, that $12,000 blows up to much more. So, think about it -- could you use that extra $12,000 + in savings by buying used?
-Neil
2005 Mitsubishi GalantSedan |
$10,995 |
Kalapana Black |
4 Cylinder
|
Automatic |
47,111 |
4A3AB36F85E013257 |
6295 |
|