The average car on the road is approximately 11 years old. People are beginning to keep their cars for longer amounts of time and invest in used cars that meet all of their needs at a more reasonable price than a new car might. So if you’re thinking a new vehicle is in your future, be it a Cadillac, a Chevrolet, or any other brand of car, make sure you know exactly the kind of vehicle you’re getting into.
In numerous situations, customers assume that just because it’s the newest model on the floor, it’s the perfect car for them. Unfortunately, this results in money and time that could be spent driving your family to vacation, or saving on gas mileage. If you have a big family and drive often, a fuel efficient mini-van may be the right choice for you. However, if you’re living alone and plan on putting a good amount of mileage on your vehicle, then you may want to consider going for a smaller coupe, or a hybrid car to save on money and maximize mileage.
Another thing to take into consideration is whether or not you want to purchase the car. Purchasing a car brand new or from a used car dealership means that the car is yours and you can do whatever you please with it, but it’s not your only option. Leasing a car is more or less a long term car rental. It involves making monthly payments for up to 36 months (this can vary depending on your car dealership), and generally includes a warranty that covers minor damages and issues. However, if you’re planning on putting a lot of miles on your vehicle, then leasing may not be for you. A lease typically limits you to 10,000 – 12,000 miles annually, and charges a separate fee for exceeding that limit.
Though leasing a brand new Chevrolet may not be the best option for you, if it is, you have the option to purchase the car when the lease is up. In addition, monthly payments and down payments for leases are typically lower than an outright purchase. So if you’re working with a smaller budget, a lease may be beneficial.
Whether you’re looking for a brand new car or a gently used one, make sure you look into all of your options before you buy. Don’t wait and miss out on a great opportunity!