Own your Dream Car

Used or New: Which Car Should I Buy?

0 Flares Twitter 0 Facebook 0 Google+ 0 0 Flares ×

If you’re thinking about purchasing a vehicle, the first of the many debates you would encounter is whether to buy new or used one. It’s a given that every buyer would want a brand-new auto, and there’s no need to explain why. However, many end up buying second-hand cars, with cost being the most obvious reason. These are just some of the things you should look into if you’re torn between old and new.

Considerations for Buying Used

Reliability Improvement. There’s no question that a brand-new vehicle is expected to be more reliable, although older cars nowadays have proved reliable over the years. In most cases, original factory warranties could be transferred to the new owner. Manufacturers often offer longer-term warranties for certified cars so that a buyer can purchase used, late-model car and get the balance of the original warranty.

Insurance. Generally, registration fees and insurance are higher for newer car models. You can save a bit on insurance costs for buying older and less expensive vehicles.

Gas. Depending on the age of the vehicle, it could be a gas hog, so the money you intended to save by buying an old car might end you up in more gasoline costs.

Considerations for Buying New

Lower maintenance costs. Sure every vehicle will come to the point wherein it will be needing repairs, but a brand new one isn’t likely to require battery, brakes, or tire changes during its first few years of use. For the first several thousand miles, only an oil change and tuneup will be required, and the routine maintenance will most probably be covered by the manufacturer.

Warranty. New automobiles have warranties of at least three years, some even longer. During this time, it is the dealer or manufacturer’s responsibility to fix the car if anything goes wrong. In addition, some manufacturers provide warranty coverage for powertrains, which sometimes extends up to 100,000 miles or 10 years.

Roadside assistance. On top of your comprehensive warranty, most new vehicles come with free roadside assistance while under warranty, wherein you may receive reimbursement or an alternate transportation if you got stranded.

Professional Advancement. There are certain professions wherein driving a new and stylish car can assist in your professional credibility. If you’re a sales representative, for example, your vehicle, although not required, can potentially impress your clients and give you an edge over competitors.

Safety. It’s not saying that old vehicles are unsafe, because in reality many second-hand models have actually adapted safety features not only to keep up with the growing demand for automobiles but because it is required by law. Whether you’re buying used or new, safety is one of the major concerns you should really look into.

The Verdict

There’s no right or wrong choice between old and new, but rather it just depends on your particular circumstances. Even if you have the money to afford a brand-new, luxury vehicle, you will still have to examine it carefully as you would an old one.

Leave a Reply

© 2013 Top Car Finance

0 Flares Twitter 0 Facebook 0 Google+ 0 0 Flares ×