Reader question:

I’ve been stopping around some of the used car dealerships in Houston, but to be honest, I’m still kind of torn over whether I want a used car or a new one. Can you push me in the right direction?

Greg

Thanks for asking, Greg.

I’m sure you’ve heard the spiel from the salespeople at the used car dealerships in Houston before, but I can give you the skinny without the spin. Here’s how it is. Think of how, when you buy a car, the worth of i depreciates so fast–it’s more than halfed by the time you’ve only owned it for three years. You find yourself in a situation where you’re in an upside down loan, and the car is worth less than you owe. Even if you no longer want the car, there’s no way you can sell to get out of it.

If you buy a used car at one of the used car dealerships in Houston, you don’t have that problem. It depreciates slowly. Many dealerships will even sell you a warranty to go with it, so if you choose your used vehicle correctly, it’s not too far from buying an actual new car. This is especially so if you hop on the certified used car bandwagon, considering that certified used cars tend to be in great shape, cheap, and only fiveor three years old.

Sure, there is still a sense of uncertainty when you purchase a used car, which is why you have to be more careful than ever. With the right kind of dedication, though, you can find a used car that will blow any new car away.

take care,

Fashun