Used Cars or New?

            Buying a new car verses old car has always been a debatable topic. Lot of people are not comfortable while going for second hand cars instead of new. Apart from being in budget there are other benefits as well of picking up a used car instead of new. We pick here some reasons why one should go for a used car instead of new.

           

Cost Effective & Better Pricing

           

            Second hand cars are always cheaper than a brand new model of the same car. It certainly goes easier on your pocket. In today’s time when online information is on the tip of finger, it has become even better to search and research a used car. Lots of data is available online which can help you choose the right car. No hassles of going from dealer to dealer, preliminary sorting can be done online itself. Also there are lot of services available online which can help you retrieve the history of a particular car by simply providing its registration number.

Depreciation Factor

            Cars depreciate 20 percent even when immediately out of show room and another 10 percent in its first year, which means 30 percent depreciation in the first year of ownership. If you decide to buy a 1 year old car, then this loss can be avoided. Though 1 year old cars are difficult to find, however 2 and 3 year old used cars can be easily available.

More in less

           

            For the same money as a brand new you can actually get a much more higher model in that segment by opting for used cars.  You might not be able to afford those luxury cars, but can easily go for a used car. More importantly car manufactures do not change their models every year, so a 3 year old BMW might still be same as the new one in same model and category and your neighbour would be clueless if you got a new car or a used one, unless you disclose. Also nowadays you can buy used cars with certificates and reliability. Make sure that you do your necessary checks and get details of the car that you are going for, a lot of online help is available for that purpose. 

Availability of Factory Warranties

            Used cars come with certificate and factory warranties. Most of the used cars are still under factory warranties. There are also many certifying agencies which perform rigorous inspection on used cars and ensure that you get a good quality of car, specifically in terms of engine and those parts which you might not possibly check. Also car history is easy to track and if buying from some authorized dealers then they themselves provide such certifications and history of car for comfort of the buyer. So if you are worried for the history of a car then you can always go for certified pre-owned cars, which apart from warranty guarantee, also brings to you a peace of mind.

Reduced Insurance Cost & Registration Fee

            When going for used car, apart from the cost of the car, you make savings in lot other aspects too like insurance and registration fee. These fees are normally based on the transactional price of the vehicle.

           

In conclusion, I would say used cars have a lot many advantages over new.