When your kids turn sixteen, they might ask you for a car for their birthday or high school graduation. You might even consider buying them a car to teach them how to be more responsible or probably because they earned it due to their good grades at school. But when you want to give them a car, you have to ask whether or not you need to buy brand new or used.
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A new car is significant because it shows your kid that you’re not settling for anything less than what they deserve. It’s something they will talk about with their friends. It’s also a good investment as a new car will eventually sell better than a used car when it’s time to dispose of the vehicle.
A used car on the other hand is much more affordable. Not all used cars are banged up. You can find one for a great deal, even one with very little mileage. One way to look for such gems are car dealerships and bank auctions. Cars found at bank auctions are repossessed after the previous owners couldn’t make payments.
Another option is a slight combination of the two. In a car dealership, you can ask if they are selling the test unit. It’s the unit dealers use for test runs with clients. These units don’t have that much mileage and are almost brand new. In fact, they are sold as brand new but are generally cheaper.
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Jeff Lupient is proficient in many skills such as new business development, automotive dealership, and sales. His competencies would later lead to his becoming the president and CEO of Minnesota-based firm Lupient Automotive Group in 2012. For more reads on the car purchasing, visit this blog.
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