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Used Cars Vs. New Cars

By: Used Car Guys, On: October 3, 2018, Categories: Automotive Tips, Comments: no responses

While shopping around for a vehicle can be a bit of a lengthy challenge, having a general picture in your head of the automobile you want will be a huge help. If you can formulate an idea as to the different attributes a car would have that will suit your needs, looking for a car may turn out to be more fun than you thought it would.

It is always very beneficial to go ahead and set a budget ahead of time. This will help to keep you from spending more than you should. When it comes to what features you want, you will want them to make sense as far as what your lifestyle and needs happen to be.

One point of enquiry that is often looming largest in the minds of car buyers is whether one should buy used or new.

Here are some of the pros and cons for each of these options.

Buying Brand New Car

Buying a new car is a unique experience. The car will be fresh and clean, with no mileage meaning zero wear and tear on any of the components. The feel of driving that car in the state it is in cannot be matched in the used car realm. It even has a specific smell, the “new car smell” that has become the stuff of legend.

The problem is: they are so terribly expensive. And you will be constantly worried the first year of owning it of getting dents or scratches. Consider these things if you ever find yourself on the hunt for a new vehicle to buy:

Pros:

  • For the first few years, the car will be at the very height of mechanical reliability.
  • You will have warranties to help you financially when anything does go wrong.
  • You get to choose features such as the colour of the paint job.
  • The car will have the most recent technology powering all the fancy features.
  • Better tech means better fuel efficiency along with reduced emissions.

Cons:

  • Brand new cars are far more expensive.
  • They depreciate in value much quicker.
  • The warranty will require you to have your car serviced on a more regular basis than normal, and you don’t have a choice as to where to get this done.

For many people of more humble financial means, the high cost is a deal breaker. Most folks simply cannot afford to buy a vehicle that is fresh off the factory line.

Used Car

Purchasing a second hand vehicle has its own set of benefits and draw-backs. However, you stand to spend far less on a car that is often just as good.

Pros:

  • You can buy a much better model than if you bought brand new due to the affordability level.
  • The vehicle in question has already done most of the depreciation that it will ever do.
  • You don’t have to be worried about lack of choice, as the used car market is huge, especially now with the internet.
  • The insurance premiums aren’t as expensive.

Cons:

  • You will never be certain of what it has been through during its history, and can’t be sure of how well it has been maintained by past owners.
  • It will not have all the latest technology, and may be less safe.
  • The older the car is, the harder it will be to locate replacement parts.
  • Fuel emissions are higher for older cars, and they aren’t as fuel efficient either.

It is a bit of a gamble, buying a used car. But it is usually well worth it, as your dollar tends to go a lot further with used automobiles.

In conclusion, the main deciding factor is always going to be how much money you are willing to spend. People with less money tend to choose used cars. People who can be described as wealthy will be more likely to buy brand new. If you can afford it, you are better off buying a new car. If you can’t, you will be worse off as you will most likely get yourself into massive amounts of debt.

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