When you consider new versus used cars – how to make a buying decision is crucial on so many levels and so many questions need to be answered.
Consider the following options:
Emotional
This is probably the worst reason to base any car purchase on because you are going to be considering something that is not necessary or within your price range.
Look at leaving emotion out of this buying decision as much as you are able to.
Practical
Reason comes into this level of thinking and you consider your reasons for buying this car and what the benefits will be for you or your family.
Financial
This might be the one decision that governs all because it is based on what vehicle you can actually afford at the end of the day.
Now that we have the simplest of advice out of the way, we take a look at the new versus used cars debate and how to make a buying decision around this.
When you think of a new car you think of fast, shiny and powerful and when you think of a used car you think of affordable, economic and probably in need of a wash.
Below you will find the pros and cons to both areas:
New Car Pros
It is brand new and never been driven before so there is no history that will suddenly surprise you.
It comes with a service plan that is built into the cost of your car, so you do not need to pay extra for a standard service.
You can negotiate for a few extras to be thrown in to secure the deal.
Used Car Pros
The price is low because the car has been used already.
Your insurance premium will be low because the vehicle is second hand.
You can find a car to match your wallet.
There are loads of second hand car dealerships and auctions available.
New Car Cons
The price is very high because it is brand new.
You may not get financing because you do not earn enough.
Your insurance premium will be high because it is new.
Used Car Cons
The car may not be in the best shape, but you can shop around.
You will have to add on a service plan if its warranty and plan have expired.
You will have to pay for individual services.
You may have to search through many car dealerships and auctions before finding the deal that suits you.
Making this kind of decision at the end of the day boils down completely to the individual. Everybody has their own brand preference and will want to try and match the style of the car to their very own style.
There may be nothing like stepping into a brand new car, but also consider that your costs can be greatly reduced through the acquisition of a second hand vehicle.
At the end of the day, new versus used cars and how to make a buying decision will be tough, but that much more rewarding when it is done with for the right reasons.