Many people struggle deciding what type of car they want to buy – a new or a used one. The following pros and cons of both options will help you choose the right vehicle for your taste and pocket.
New Car Advantages
Of course, no one would refuse to get a new car if they have such an opportunity. Shiny paint and the latest technology available always attract attention, as well as “the smell of a new car”. One more benefit is that you get a proper warranty for the car, and the whole feeling that you have something that belongs to you only makes you take care about your car from the very beginning.
It is really important to own a vehicle from its beginning if you want to stick to it for a longer time. This way you will be able to make sure that the car receives all the care needed for reaching the limits of its life and extending the life span. By knowing the history of the vehicle you will protect yourself from unpleasant surprises that the previous owners have left you.
Another point is that you have more control over choices when buying a new car, as you can ask a dealer for a different model or color, while when buying a used car you have to get what is available for the moment.
Basically, buying a new car is the easy way to get the vehicle that is both popular and full of innovations. The long time will pass until some of them will hit the market as used ones, and as long as there are a lot of people waiting in lines for them, the price wouldn’t go down much.
Buying a Used Car
The pre-owned car market is pretty large – for every new car sold during the year, there are 2.5 used cars sold. The primary reason for people to address used cars market is price – surveys show that most people who consider purchasing used vehicles do so because of the prices for new cars that tend to increase.
Still, many people are still conspicuous about buying someone else’s cars due to obvious reasons – some claim they would better pay $20 000 and more for a new car than for some used higher-end vehicle the price of which has dropped to the same cost.
Getting More for Your Money
The original owner of the car you consider buying has already absorbed the main depreciation hit, so you don’t have to deal with it. This way you will be able to purchase a car for a lower price, sometimes even half cheaper than the new one.
The amount of depreciation changes as the years pass, and the car bought several years into the lifespan has relatively stabilized value, but it neither has declined the mechanical reliability, nor increased in ownership cost. Therefore, if you simply want to get a reliable car and if you’re looking for low prices, used cars market is for you.
Making the Choice
To make the right decision and choose between new and used car you should first of all decide what your strongest interests in owning a vehicle are. After that you can move to defining your finances and prices. If you don’t know the seller well, try buying from a dealer – you should always have someone to come to in case something is wrong with the car.