Need advice buying used vs new car
Hey all as title suggest I'm looking to buy a car as its long overdue. Been looking on auto trader for a decent car. I have $5000 for downpayment and looking for financing a car over the course of 7 years ( 84 months ) for roughly 80-110 bi weekly.
I have found:
* a Hyundai Elantra 2017 for 13.5k for $95 bi-weekly
* a Hyundai Elantra 2020 ( directly from dealership ) which would come out to be $110 bi weekly which is what im leaning
towards considering its brand new, more features, longer warrant and better resale value. The new one also has 0%
financing option on their website so i was thinking it might be better to go this route for not much more per month.
I had a friend who told me about invoice pricing, and negotiation tactics. I guess im looking for some help on how much I should be spending and what is most optimal / things to look out for.
thanks in advance!!!