Purchasing a new car can be stressful, exciting and confusing at the same time, especially if you are a first-time buyer. However, when selecting a model, it is important to consider certain aspects and features of that particular vehicle so that you do feel its value. Whether it is new or used, thorough research is needed so that you do not regret it in the long run.
There is this notion that buying used cars is a way to save money, which is not entirely a lie, but there are usually hidden costs surrounding this idea. For instance, the car will not perform at its best and you might need to repair it consistently, which is not a good feeling at all. An analysis made by GoBankingRates broke down five specific vehicles that one should think twice about, if not three times, before purchasing.
Please note that this analysis is not our viewpoint, and we are merely providing information regarding the findings of a GoBankingRates report. Here are the 5 used cars you should NOT buy:
The Fiat 500 car
Do you want to know how bad this car is? It has an acronym for Fix It Again, Tony. When GOBankingRates put together a list to tell us which cars not to buy, this one was strongly one of them, according to experts. Readers were really cautioned against purchasing any Fiat 500 vehicles between 2012 and 2016 due to potential problems that could require expensive repairs.
The 2020 Ford Escape Hybrid
Ford is a good car and highly recommended, but this model is a thumbs down. Yes, when it comes to fuel consumption and being economical, it got the green light; however, there are still some issues related to the vehicle. Yahoo Finance states that it has many transmission issues, and if you are knowledgeable about cars, you know that repairing the transmissions requires thousands of dollars.
The first-generation model of Mazda RX-8
Car experts always say that the first generation is not always the best generation. Whenever a new set of models is invented, it is never perfected. In fact, they go into the market and that way, automakers can then detect what issues consumers are facing and then they perfect it within the second generation and more. Therefore, this model only comes with a lacklustre 212 horsepower, including excessive oil consumption and a number of recalls.
The Mitsubishi Mirage
This car model is tempting to a buyer who wants to purchase it because of its affordability. Have you ever heard the statement, “Cheap is expensive?” And that is because you will always want to fix it. According to GOBankingRates, the car starts at under $18,000 and reports say it does not bring value at all, despite its affordability.
Avoid this one at all costs: The Cadillac XT4 Sport
GOBankingRates urges buyers and readers to stay away from this car. The Motor1.com review for the Cadillac XT4 Sport honestly stated that
“The turbocharged engine is thrashy, the cabin is cramped and the switches and displays look almost identical to those of a plebeian Chevrolet Blazer.”
The top spot is really shocking: A well-known vehicle that didn’t age well
Surprisingly, the car that took the number one spot is said to cause disappointment in the long run. We know that at times the cars that dominate the market and have been in the game for years might make us feel as if they are the best choice, but the truth is, at times they are not the best. That is why we have sites like GOBankingRates that help us determine what is best for us, especially for first-time buyers. Just to keep our finances safe.