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New vs Used Car Calculator

Published in: Financial Calculators

New vs Used Car Calculator | Make Smart Car Buying Decisions

New vs Used Car Calculator

Answer the questions below to compare your preferences and budget to decide if a new or used car is the best choice for you.

1. Which best describes your view regarding your car's depreciation? I'm looking for the right car, not an investment. I'd like my car to be a relatively good investment, but it has to fulfill my driving needs and preferences. I really want to minimize my loss of value through the car's depreciation.

2. Which best describes your monthly budget for a car? I want the smallest monthly payments possible. I have a limited budget, but I don't want to drive a clunker. I'll spend what I need to get the car I want.

3. Approximately how many miles do you drive each year? 10,000 or fewer 10,000 to 15,000 15,000 to 20,000 20,000 or more

4. Which best describes your view regarding the optional features of your car? I'm not too particular about options. There are a few specific options I'd like to have. I am very particular about options.

5. Which best describes your ability to maintain your car? I don't know much about maintaining a car. I think I know the basics of how to maintain a car well. I know a lot about how to keep a car running well.

6. Which best describes your view regarding warranty protection? I'm not too concerned about warranty protection. I'm moderately concerned about warranty protection. I'm very interested in having good warranty protection.

7. How long do you expect to own your car? Less than 4 years 4 to 6 years More than 6 years