Buying a car is an exciting milestone, but it often comes with one big decision: should you purchase a brand-new vehicle or opt for a pre-owned one? While your choice may depend on budget, lifestyle, or preference, the type of financing you select plays a huge role in your long-term costs. Whether you’re exploring Car Financing for a new model or looking at new and used car financing options, understanding the key differences can help you make the right financial move. This guide will walk you through how financing works, the pros and cons of each option, and strategies to secure the best deal for your next vehicle.