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Cars tend to lose value once it leaves the car dealership. As times goes on the car is worth less. Insurance for a New Car is mandatory. Although insurance may be higher on a New Vehicle, if involved in an accident it may be too expensive to fix. That is where the insurance comes in to play.
The last factor when purchasing a vehicle is the price. When purchasing a vehicle, you can finance through the Dealer ship or through a Bank. You may also apply for a loan with a low Interest Rate. If you pay for the car in cash there are no Finance Charges or Interest Rates that you have to worry about. Making a large down payment and a shorter loan period may also cut down on the finance charges and interest rates...
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