New Car vs Used Car: The Pros and Cons

Buying a car will always be quite a big purchase. After all, this is not a pair of shoes – this is a purchase you will spend quite a lot of money on, and something you will use on a daily basis. Of course, you want this to be a good long-term investment – but more than anything, you want it to be a safe one.

Should you buy a new car or a used one? We’ve gathered some tips in each case – so read on and find out more.

New Car Pros

Buying a new car brings a lot of benefits. To begin with, this is a brand new car that comes with absolutely no issue whatsoever. Moreover, most car companies offer generous warranties for their products – and that means that, if something breaks in the car, the warranty will cover for it. You will still have to pay for annual revisions, oil changes, and so on – but most of the major parts are covered by warranty (depending from one car manufacturer to another), so you shouldn’t have an issue if you need to replace them.

There’s also another benefit to buying a new car: it could actually be safer than an older one. New cars are always manufactured according to the most up to date rules of safety – and this means that your new car might be safer than an old model.

If aesthetic appeal is also important to you, it’s pretty obvious that a new car is a great choice – nothing beats the shine (and the smell!) of a new wheeled beauty!

New Car Cons

The major con of buying a new car is the price. New cars tend to be very expensive, especially when you are looking for certain features. Even more than that, a new car will be instantly devalued the moment you drive it out of the dealership – so it just doesn’t feel like a great investment.

Used Car Pros

One of the major benefits of buying a used car is connected, of course, to its price. For a fraction of what you would spend on an average new car, you can buy a pretty awesome used one – so it’s really no wonder why so many people simply opt for this version, especially when they are not ready to make very large investments.

Used Car Cons

Used cars are, well, used – so the chance of something breaking in them is directly proportional to the age of the car. This means you will always have to put money aside for potential repairs needed.

It also means that a used car might be less safe than a new one, but this depends a lot on just how old the car is.

Truth be told though, you can usually end up with a really great price for an almost new car (let’s say, maximum 5 years old) – and that means you get the best of the two worlds (you get a GOOD car and a great price!).

Which of the options sounds best for you?

Only you can decide – keep your budget in mind, as well as your priorities, and decide on whether a new or an used car is better for you.

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