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Question By
K75K9

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51 People Helped
Is it better 4 credit rating 2 purcharse new car than used car?
Don't want to spend too much, but want good car. I can get more car for less $ if I buy used since I only want to spend $15,000 or less. I have good credit, but am wondering if financing a used car will be more detrimental to my credit report than financing an new car.

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If that is the maximum you wish to spend, you should be able to find a decent used vehicle.  Just shop around.  It doesn't make that big a difference buying a new or used car.  The articles on this site are excellent at explaining what effects your credit very well.  If you haven't read them,please do.  I learned a lot!!

Reply by
K75K9

7 Contributions
51 People Helped

Thank you for your quick and informative answer!

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