KNOW WHAT YOU ARE SIGNING. Carefully scrutinize every document before you sign, especially the retail installment contract. NEVER let someone �tell� you what the contract says. Examine and understand the sales price, interest rates, payments, trade-in values, and pay-offs. If you are leasing, or financing with a balloon payment at the end, make sure you are aware of your responsibilities. NEVER sign a blank form, or one with blank spaces in it. Make sure that you understand every amount listed, and that it agrees with the �deal� that you made.
Pros: Perhaps the most obvious pro of buying a new car is that you are the first owner. Buying new ensures you'll get the most possible life out of the car since it has almost no miles on it when you start driving it. Even the cleanest used cars can't be in as good of condition as a new car. If you're planning on keeping the car long-term, you can get a lot of years and a lot of miles out of your new car.New cars have excellent warranties that can give you peace of mind. Having your maintenance covered for a certain period ensures that you won't have to worry about maintenance for a while and by the time your warranty expires, you might want to trade-in for another car anyway.
×