Timeline for Should I buy a car or get my current one repaired?
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7 events
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| Apr 24, 2013 at 14:18 | comment | added | Paul C | I got a good deal on a 6/7 year old Honda £6000 with 21,000 on the clock FSH from a dealership (just for the piece of mind when spending that much money at once). Due the way Honda's hold their value I should be able to sell it in 1/2 years for around £5000 if I don't put much on the clock and service it. Thought I would just give my little input as an example of getting a reasonable deal without losing much. | |
| Apr 10, 2013 at 12:45 | comment | added | Move More Comments Link To Top | @R.. Excellent point. Insurance will certainly be higher on a new car. | |
| Apr 10, 2013 at 2:54 | comment | added | R.. GitHub STOP HELPING ICE | In terms of doing the math, you also need to consider insurance. If you're buying a new car with a loan, you're going to have to have full coverage insurance on it, and you're going to pay a lot for that. If you have an old used car, you're free to have just liability, or with the much-lower value on the vehicle, full coverage is much more affordable. Even if the payment is only $350, you might easily be paying $500 a month once you add insurance (depending a lot on where you live). | |
| Apr 10, 2013 at 2:26 | history | edited | Move More Comments Link To Top | CC BY-SA 3.0 |
added 382 characters in body
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| Apr 10, 2013 at 2:26 | comment | added | Move More Comments Link To Top | @Legend just added an edit to my answer, the last paragraph says it all :) | |
| Apr 9, 2013 at 19:24 | comment | added | Legend | +1 This was very insightful information and useful in advancing my understanding of the trade-offs. Thank you so much for your time. | |
| Apr 9, 2013 at 17:43 | history | answered | Move More Comments Link To Top | CC BY-SA 3.0 |