Program Design by Prateek Suri and Christian Williss
New vs Used vs Leasing: Factors to Consider When Buying a Car in Orlando
1.
2. New Cars in Orlando feature:
• Warranties
• That new car smell
• Negligent mileage
• But…
• Can be expensive
• Depreciate quickly
Used Cars in Orlando feature:
• Lower pricing
• Broken-in seats
But…
• Possibility of no warranty
• Inherited mileage from
previous owner
• Can show signs of wear
3. Buying
• Freedom to customize your car
• No mileage cap limitations
• Investments in car improvement can pay off when the
time to sell or trade comes
But…
• Depreciation affects your trade-in or selling price
• You’re responsible for repairs and maintenance
Leasing
• Usually cheaper
• Typically include generous warranties and are covered for
routine maintenance
• Possibility of lower down payment
• You can switch from one car to another more frequently
But…
• You don’t own the vehicle, so no freedom to customize
• You can’t end a lease without financial obligations
• Mileage cap
4. This is considerably the most import factor to consider when choosing
a car for yourself. Some basic figures you should pin down are:
• How much can you manage for a down payment
• How much can you comfortably factor in for monthly payments
afterward
5. Here are some key factors to consider when picking out your new ride:
• Fuel efficiency
• Safety
• Style
• Performance
• Size
6. • Previous owners and title history
• If there are a lot of previous owners, there is a possibility the car wasn’t regularly
maintained. Check the service and maintenance records!
• Any accidents the car has been in
• Available auto service and repairs records
• Any repair or body work that seems unnecessary may be a bad attempt to cover
up an accident the car has endured – steer clear of anything that doesn’t add up!
Additionally, make sure the records show consistent, regular servicing.
• Any reported damage to the car, like flood or fire damage
• Information regarding mileage
• Make sure the odometer matches that reported mileage on the report
• Any rebuilt parts that might be in the vehicle
7. How does it feel when you:
• Accelerate?
• Brake?
• Turn?
How much road noise leaks into the cabin?
How are the blind spots?
What should you ask yourself when test driving? Start here:
Does the size of the body make the
drive feel less maneuverable?
Are all displays, information, and gauges
clearly visible at all times?
Is it comfortable for yourself and
your passengers?
How’s the sound system?
How easy is it to
park? Parallel parking, too?
Is the interior easy to adjust?