If you are financing the vehicle, it is a good idea to get preapproved for a loan. This way you'll know your purchasing budget and the interest rate for which you qualify. Some lenders won't offer a loan if the vehicle is passed a certain age or if it has too many miles. The limitations will vary by lender. In this case, your next move might be to apply for a personal loan. Just be aware that those interest rates are typically higher than for auto loans.
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.
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