For the vast majority of the people, buying a car is a relatively large financial move. Therefore, most people will think twice before signing anything with a car deal – and most of them will also think thoroughly on whether they want a new car or a used one. Which is the best option, though? Here are some of the things you may want to know before deciding to buy a new or a used car:
New Cars: Their Pros and Cons
Obviously, buying a new car comes with a lot of benefits. First and foremost, this car was not driven by anyone else, which means that it hasn’t been “mistreated” and that it hasn’t suffered any kind of repairs. Furthermore, buying a new car means that you have much more of a chance to find something that’s truly suitable for you.
Even more, new cars use less fuel and have lower emissions – which means that they are perfect for those of you who are at least somewhat concerned about the environment. In addition to these advantages, a new car also means that you get the best warranty too (and most of the times, most of your repairs will be covered by it).
On the other side of the coin, buying a new car is much more expensive than buying used. Of course, there are many financing options available too – so you can definitely find something to suit your needs. Beware, though! You may feel tempted to buy something that actually exceeds your budget because you will feel that you’re not paying the entire price of the car at once.
Used Cars: Their Pros and Cons
Buying a used car has at least one primary advantage: it can be much cheaper than buying a new car. In some cases, you will not even need to call for the help of the various car financing companies either, as you can save plenty of money to buy a used car.
Furthermore, the fact that a car can depreciate its value quite quickly can also be considered to be an advantage of buying a used car over buying a new one. Since you will not pay a lot of money on the car to begin with, you will not feel sorry when you see it depreciate (and, in general, used cars don’t depreciate as much as new cars).
As for the maintenance costs of the car, this is where the disadvantages start to appear. Although you will most likely get better insurance rates, you will also have to take into consideration the fact that a used car is much more likely to need repairs more often. So consider purchasing your autocare online to save money. National.co.uk offer a wide range of autocare at crazy prices, helping you save cash. You might be able to buy warranty from the manufacturer of the car, but even so, it will not cover for everything you need and you will have to take considerable sums of money out of your own pocket every time the car breaks and needs repairs.