Wednesday, April 17, 2024

Used Cars Vs New Cars: Which Is Right For You?

March 21, 2018 by  
Filed under Money/Business, Weekly Columns

(Akiit.comAll motorists have a decision to make when it comes to getting a vehicle to drive. You can head out to a local showroom and purchase a brand new model straight off the forecourt, or you can look for something low-cost on the second-hand market. Which option you select will depend on how much you’re willing to spend and what you want to get out of the vehicle. For instance, those who wish to keep the same car for many years should always purchase brand new models. The information below will help to set the record straight.

When you buy new cars

There is no getting away from the fact that people who spend a small fortune and purchase a new vehicle will encounter many benefits. Firstly, you gain access to some of the best safety features on the market, and that should help to protect your family during those lengthy commutes. Secondly, you get a vehicle for which the engine is going to work correctly for at least a few years. That means you won’t have to spend lots of money on repairs, and you can get from A to B without having to call a tow truck.

The only real downside to purchasing new cars is that you will almost certainly have to empty your savings accounts. New models from the top manufacturers cost between $15,000 and $100,000 these days. Also, if you change your mind a few months down the line; you’re going to lose a lot of money when you sell and swap it for something different.

When you buy used cars

The benefits of buying used cars are also pretty apparent for most motorists. You will never spend as much as you otherwise would have done, and there is a decent chance you will find a bargain on the private market. You can usually get cars that are more than five years old for excellent prices, and some of them will even come with a full-service history. That should help to put your mind at rest somewhat.

Of course, there are downsides to used cars too. For example, even if you take a mechanic along to the viewing and ask them to take a look at the engine, there are no guarantees the vehicle will remain in working order for many years. Also, there is a decent chance you will have to spend a lot of money at your local auto body repair supplies store during the time you own the vehicle. That is just the risk you take when you buy automobiles from the second-hand market.

So, now you know about the pros and cons of new and used cars; you should find it much more straightforward than you otherwise would have done to make the right decision this summer. There is no right or wrong answer, and so you just need to consider your circumstances before making your decision. Finances will often play the most significant role, and you should never overspend on any vehicle you acquire. When all’s said and done, a car is a functional item you use for transport. It doesn’t matter too much about aesthetics if you can get an engine that functions correctly. Good luck!

Staff Writer; Gary Moore

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