The Pros and Cons of Buying a New or Used Car
If you’re in the market for a new car, then one of the first things to think about will be the make and model. You might have a dream car to get, or just be happy with anything reliable that will get you from one place to another. Usually, this decision won’t take you too long; we all know what car we want to ultimately have, right? But the next question to ask yourself is if you want to get a used car or a brand new car. It is a pretty tough question too, as there are pros and cons to all options. So I’m going to go through some of the pros and cons with you today. Hopefully, it will help you to decide what will work out best for you.
Buying a New Car
If you head down to your local car dealer, then you will see signs all over the place about getting a warranty. There will always be a warranty of some description when it comes to getting a new car. So it certainly helps having some peace of mind knowing that if anything goes wrong in the first year or so, it can get sorted out quite easily. You can also customize a new car, and get the specification and model to just how you like it. If you want extra features or a built-in sat-nav system, then it is easy to do with a new model. Of course, this does all come with a price tag. So that is one of the biggest things with buying a car brand new; the price of it all. So you need to weigh up whether the reliability, specification, and warranty are enough to persuade you to get a car brand new.
Buying a Nearly-New Car
With a car that is nearly new, then the price is one of the most appealing things. Even a car that is only a year old will have lost a certain percentage of it’s original price tag. So you will have a nearly new car, but won’t be the one that has suffered the depreciation in that first year. It also means that you will lose less money when it comes to selling it. You have already bought it for a lower price, and it won’t lose too much money in the coming years, as long as it is treated well. Depending on the previous owner, a nearly new car should be in pretty good condition. It hasn’t had long for wear and tear and could still be in a warranty (but that is worth checking for sure). One of the negatives is that your choice is a little limited when it comes to nearly new. You might not get a car with everything that you want for the exact price you want. So with nearly new, you need to be prepared to make some sacrifices.
There is also the third option of buying a used car that is quite old. You can get a bargain, but it might not be that reliable, especially when it comes to how many previous owners it has had. So doing your research into it is key. Do you prefer to buy new or used?