Whenever somebody considers the purchase of an automobile, one of the first questions to consider is whether to buy it used or new. To some, this will be a no-brainer as they don't believe in buying anything secondhand, but others may need to carefully consider the pros and cons of each option before they sign on the dotted line. Those who consider themselves to be frugal may always point towards a used car and refer to depreciation as their main motivation. However, it's not as straightforward as that, and it can often be more beneficial to buy a new vehicle at the outset. What do you need to bear in mind?
Firstly, remember that life is all about experience and you should never settle for less simply to pinch pennies, especially if you truly love your motoring. You want to ensure that your time behind the wheel is as enjoyable as possible and should take advantage of the latest technology and amazing science built into every new car today.
You've worked hard for your money, and you're going to have to commit quite a lot of it whether you buy a new car or a used car. Also, let's face it, there's not a huge disparity between one or the other if you simply opt to get a used version of a particular model that's a few months old.
When you buy a new car, it will invariably come with a lengthy warranty, and this will usually cover virtually every mechanical part of the car. Are you sure that you can get such a guarantee when you buy a used car these days? You've got so much going on in your world that you will want your transportation to be reliable and will not want to risk being without your mobility in the worst-case scenario.
Most people will use some form of finance when they buy a vehicle. Did you know that you can typically get better finance rates when you buy new versus used? It pays to look closely at your bottom-line figures if you are comparing a used car with a new version, as manufacturers are still providing incentives in the new car market, and when you add everything up, this could make a considerable difference.
You'll probably be able to get lower insurance rates for a new car as well. There may not be a sizeable difference on a monthly basis, but if you add those up over the course of several years, then this can amount to a real saving.
Finally, remember that new cars rely on the latest technology, and the latest version of a particular model may be quite a lot more advanced than its predecessor from only two years ago. This is because the engineering behind each vehicle is improving at breakneck speed as designers move toward hybrid and electric vehicles in the quest for fuel efficiency and dynamic performance.
Weigh up all your options carefully when you consider buying a new or used car. Make sure that you get all the information and take each vehicle for a test drive before you decide.