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I had recently started learning a four wheeler (Maruti ALTO) from driving school. Its some week course.

After that should i buy a new car (New ALTO K10 or say SWIFT) or buy a old one as i might be learning and might end up ruining new car, its clutch plates etc.

I had a plan to buy a new car as its financing is easier and less chance of breaking down unlike old car.

Any help is appreciated.

Moons
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1 Answers1

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How used are we talking here? For me, I always take the price and divide by miles available. I like to always make that number 100,000 miles before major maintenance is required. For instance, if I bought a $20,000 car new, I would divide $ into miles. Therefore, it would be $0.20/mile at 100,000 miles. So if a car has 70,000 miles and costs $10,000, it would be $0.33/mile for 30,000 miles. Usually at 100,000 you will be looking at timing belt, water pump, tensioner, tune up, suspension, etc, etc. That is why I use that mile number. I hope this helps.

sntnmjones
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