When it comes time to buy a car, you have a variety of choices available to you. Not only do you need to pick the make and model of your car, you also need to decide if you want to buy a new or used car. This is an important decision and it can make a big difference in your finances over the next several years. It is important to realize that buying a car is not an investment Your options may also be determined on whether or not you qualify for a loan or if you need pay in cash.