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Posts Tagged ‘cheap new cars’

Although we are in the depths of a full blown recession many people still crave the latest hot new cars. No matter how much people are struggling they still love to go out and splash out their hard earned cash on a full blown top of the range motor.

Lets consider just a few of the reasong why people love to own new cars and why they are often willing to put themselves in considerable debt to drive the latest models.

Peer Pressure
This is most probably the reason many people are buying new, prestigious vehicles. What is worse than going out in an old banger and then encountering your friends or a family members driving the latest, top of the range car. People do not want other people to see that they are struggling, so they go out and buy a new automobile even though they cannot afford it, just to show people they have made it in there lives.

Showing Off
A lot of people want to buy a new car to show off, they love all the attention they get from having people look at them when they stand still next to traffic lights or pull up in a crowded area.

Speed
Some people love cars that go super fast and they know that by buying a new vehicle it will ultimately fill there thirst for driving at high speeds. New vehicles have a lot more pull and can go from 0mph to 60mph in much quicker times. Even diesel vehicles are quite fast these days.

Relaxation
A lot of people just buy a new car simply for the comfort and relaxation factor. This is especially true if people are travelling a long way on a regular basis. They want to unwind and have all of the latest technologies that are available.

Collectors
There are some people who are lucky enough to be very well off. Some of these people are petrol-heads (or gear-heads) and they just love to buy the latest new cars. Their newly acquired cars can often end up unused, sitting on the front drive waiting to be sold off in a few months time. To many wealthy motor enthusiasts this doesn’t really matter as they will have the financial reserves needed to fee their car buying habit.

There is nothing wrong with buying a new car; I myself tend always look at new vehicles. But make sure that you have the right finances in place to actually afford the vehicle as otherwise you may end up getting yourself into a lot of debt and effectively the debt company may well take back the vehicle from you, leaving you with nothing.

I recommend car leasing as a sensible way to finance the acquisition of all new vehicles. I have my 5 series BMW on a very affordable BMW lease deal and all of my companies commercial vehicles are on very cheap van lease contracts.

Many people treat cars like a status symbol. Everyone has heard of the celebrities with massive collections of expensive cars, or custom built garages to accommodate their cars in the heart of an expensive city like New York. But for some people cheap cars are the way to go. Cheap in price doesn’t have to mean cheap in quality. Less expensive can still be functional, and even fun.

One of the ways to obtain a quality car on the cheap is to purchase cheap used cars. Even luxury models are much less expensive when purchased second hand. A new term has emerged over the last decade, pre-owned – to denote used cars that are of high quality. These pre-owned vehicles have even managed to pull some long time new car buyers into the used car market. Consider this with luxury cars. A Mercedes or Lexus is so well built that even 10 year old cars can still be in excellent condition. In fact, many people have generations of car buyers in their family who always purchase higher end models that are used. Remember the chauffeur in “Driving Miss Daisy”? He always bought Miss Daisy’s second hand, luxury cars.

Some cheap new cars are quite nice, too. Companies like Hyundai make excellent cars that can be purchased new for under $12,000. A car like the Honda Civic weighs in at about $15,000 for one of the best engineered cars in the world. They get great mileage, last a long time, and retain original value very well. These cars are also much cheaper to maintain than luxury cars that often require more expensive parts and even premium grades of gas.

Another area to look is cheaper, if not really cheap, luxury cars. Audi makes luxury cars that compete with Mercedes and Lexus, but generally at the lower end of the price spread for like models. Audi boasts the top engineered cars in the world, bar none. This includes the Audi TT which, while not exactly cheap, is a very nice sports car with a lot of power and speed.

Of course some people want cheap, cheaper, cheapest.  They turn to the clunker, the hooptie, the ancient model car that was probably old when their parents first bought a car.  Teenagers often purchase such a car as their first vehiclePeople often purchase such a car as a first vehicle for a teen.  It’s a set of wheels, and it gives them practice for a life time of practical mechanical knowledge. But watch out, the age old adage “You get what you pay for” applies to cheap cars too. It may not seem like such a deal when it won’t start on a cold winter morning.