New vs Used car

May 15, 2019/Steve Tackett

Confused whether to buy a new or a second-hand car?

We will make it easy for you. Before you buy a car, there are a few things you should consider. We have precisely highlighted the advantages and disadvantages of buying a new car and a used one too. So, quickly glance through this article and decide which car is best for you.

Parameters NEW CARS USED CARS
COST Buy a new car is better than buying a used car because a new car is fully checked by engineers and need not be checked by a mechanic for hidden issues. Buy a used car is money-saving as it is low priced than a brand new one and also its insurance rate is very low.
INTEREST RATE Auto dealers provide great offers and cash rebates when you buy a new car. Also, new car loans have better interest rates compared to a used car. Registry renewals are very low every year when you buy a used car. Also, you get to save more money and avail great deals.
DEPRECIATION You purchase a car for $50,000 and sell it two years later for $25,000. The car costs you $25,000 in depreciation. You purchase a car, but it’s a 2 years old model. You buy the car for $25,000 and 2 years later you sell it for $15,000. So the used car depreciation costs you only $10,000.
CONDITION Both interior and exterior conditions are flawless in a new car. A used car may look good on the outside but may have some hidden issues.
WARRANTY After buying a new car, the company provides a warranty, replaces the scratches, dents, etc. in the first year. A used car may have some missing parts and may not be in warranty or service programs.
MONEY-SAVING A new car costs thousands and thousands more than a used car for the same model only, one-year-old. A used car costs much lower than a new car.
MAINTENANCE There are no major repairs or maintenance issues in a new car. A used car has more wear and tear, repair issues.
INSURANCE The new car insurance rate is higher than a used car. The used car insurance rate is lower than a new car.
EXAMPLES Some of the New Cars of 2019 include Audi A6, BMW X5, Honda Civic, Toyota Corolla, BMW 3 series and more.
See All New Cars
Some of the Used Cars of 2019 include Nissan Frontier, Hyundai Elantra, Mercedes-Benz GLC, Jaguar XF and more.
See All Used Cars

Conclusion

After going through this blog, we can conclude that both new and used cars have their own set of pros and cons however, it depends on customer whether to buy a new or used cars depending on their budget, requirements and capacity. We suggest you to take a look through our inventory of new and used cars listed with all its specs, features, images, price and much more. Hopefully, you will land up buying the best car meant for you.

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