Hello Mabs
I am a first-time car buyer and I find myself confused by the many options presented to me. I have been pre-approved for vehicle financing and I’m excited. Should I buy a brand-new car or a demo model to save money?
Mabs Answer:
Oh, I love this question because it shows you are thinking wisely already. A demo model can be a clever move. You often get a nearly new car with very low mileage, and someone else has taken that big initial depreciation knock for you. Just make sure the warranty and service plan are still fully intact.
If you are planning to keep the car for many years, a demo can be a lovely balance between new-car smell and financial sense. Your bank balance will thank you later.
