When it comes to purchasing your first car or your third car, it is an exciting time! Which model do you get? Which features do you want? So many questions to ask, but one question you might be struggling to answer is, do you buy a new car or a used car?
There is nothing wrong with buying either, but we thought we would share some pros and cons of each method. Read on to discover more about both ways.
Advantages Of Buying A New Car
With a new car, you get to pick the precise specifications you want, and there are fewer miles on the clock. There will be no scratches, old interior or hidden damages that might be unknown. You know exactly what the history of the car is as it is brand new. No strange smells in the interior of the car, secret scratch marks or dents.
As opposed to a used car, you can have the latest technology, such as fuel efficiency and even safety. All new vehicles come with a warranty and usually do not require extensive repairs in the first year of use, which saves you money.
Disadvantages Of Buying A New Car
Some disadvantages come with buying a new car, the main one being the cost. The original cost of the car, along with the insurance. The moment you drive off the lot with a new car, depreciation hits and the value of your car decreases instantly.
Advantages Of Buying A Used Car
There are several benefits to buying a used car, which includes the array of models available, the lower cost and avoiding the impact of depreciation. Not only do you see financial benefits, but you are also helping the environment by buying used, as there are no manufacturer costs to the environment.
Insurance rates will also be lower for used cars, in comparison to a new car.
Disadvantages Of Buying A Used Car
A used car might not have the latest technology or security that a new car might have. Used cars also might come with a warranty, so you need to be aware of what the used car offers before making a purchase. You also have to keep in mind that used cars have had a previous owner, so they might have caused damages to the car.
Summary
As you can see, both new and used cars have an array of benefits and drawbacks, so the key is prior research. Victoria Garage, Ivybridge is ready to answer any questions you might have, so you can contact a member of our team today.