Should You Buy A New Car or A Used Car?

If you are purchasing a vehicle of your own, many questions will inundate your mind during the buying process. You will most likely contend with your desire for a new vehicle and the affordability of a used vehicle. There are many variables you must take into consideration before you make this sort of decision.

Buying a Used Car

Buying a used car has its set of advantages. With a used vehicle, you have the added benefit of affordability. The price will be significantly lower than that of a new vehicle. Hence, you can purchase a nice car model, and spend markedly less in comparison to a new car of the same model.

Another key advantage of purchasing a new car is that you do not have to worry about depreciation. Many cars depreciate at least 40?% after the first year alone. However, when you drive away with a used vehicle, you do not have the burden of depreciation.

Insurance rates are less costly when it comes to a used vehicle. Generally speaking, the higher the vehicle’s value, the higher the insurance premiums are, as well. Therefore, used cars guarantee a much lower insurance premium, granted they have a clean driving history. Luckily, some used vehicles have a certified clean driving history. You do not have to settle for high insurance premiums because the previous owner was in a car wreck. If you want a quality used vehicle, check out the Canberra used cars for sale.

Although you cannot customise your used car order, there are many colours and designs to choose from.

New Car

One of the advantages of buying a new car is that you can customise the order and make certain specifications before you buy it. For example, you can customise the car exactly as you choose or select the suitable colour combination for the interior or exterior.

Another reason you should buy a new car is that it has a clean driving history. Insurance companies will take this into consideration.

Another pertinent benefit of buying a new car is the warranty will be completely untouched. Although you can purchase warranties for certified used cars, nothing surpasses a new car warranty in terms of its overall benefits.

Many new cars are equipped with the latest technologies. Hence, they come with a number of entertainment and multimedia features. Furthermore, they offer quick and expedient navigation features in some cases.

New vehicles are more likely to adhere stringently to new safety laws. Even though some safety features are not regulated by the law, they are becoming more common on new vehicles.

Finally, new cars grant you the opportunity to capitalise on high fuel efficiency and low fuel emissions, as well. Cars are developing better fuel economy as time goes on, and they are being engineered more powerfully than ever before.

Contrary to popular belief, new cars are often financed at a cheaper rate than used cars. Therefore, you can get the most value for your purchase if you prefer a more expensive model. Finally, some cars require lower maintenance fees than used cars because they have lesser mileage.