What factors should you consider when buying a car?

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What factors should you consider when buying a car.

Shopping for a car can be challenging and many people get anxious. Should they purchase a new car or a used one?  Well, there are a number of things that need to be considered.

It does depend on your budget – new cars are more expensive than used ones. However, they usually have fewer mechanical issues to deal with.  Also new cars do come with a warranty, for a limited time at least, so that usually deals with any problems that might occur.

It is much cheaper to go for a used car but used cars are just that, used.  They will have wear and tear issues and a higher mileage but for those with a lower budget this is a better option.

Deciding whether to purchase a new or used car really depends on your personal circumstances as does when or if to log into a Golden Euro Mobile Casino.  But it is also important to look at the advantages and disadvantages of each option.

Advantages of buying a new car

The idea of buying a new car is very appealing.  They are new and shiny with all the latest gadgets and technology.  But the main advantages are as follows:

  • New cars are fitted with the latest safety technology and also other new technologies which make the driving experience that much better.   For example, lots of new models are fitted with features that assist the driver, say when parking or maneuvering the vehicle and can even stop the car automatically if necessary.  It is also possible to use voice commands when needed to do all kinds of things, including making calls whilst driving.
  • When purchasing a new car many dealerships will offer you special discounts or finance deals to help with the purchase bringing the overall cost down, which can be quite an incentive
  • Obviously brand- new cars are less likely to have problems and they also come with a warranty which usually covers the cost of most common repairs that may be needed. Additionally, when purchasing a new car, it sometimes includes “road-side assistance”, at least for the first year.
  • With a new car you are able to choose various options, like color, type of seats and a whole range of accessories plus different technological features that may be available.

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Disadvantages of buying a new car

The few negatives to buying a new car are as follows:

  • The price. They are almost certainly going to be more expensive than a used one. If you are on a tight budget, a new car may be ruled out.
  • The sales tax will likely be pretty high as new cars are more expensive than used ones.
  • The moment you drive your new car off the forecourt your car will begin to depreciate in value – and reach up to 20% by the end of the first year. If you plan to sell it on at some point, it could well be that you won’t be able to cover what you still need to repay – if you bought it on a loan.

Advantages of buying a used car

Some people prefer to purchase a used car not only because they have a smaller budget.  Below are some of those reasons:

  • The first reason is financial.  Used cars are cheaper.
  • You can save a huge amount of money by buying a car that is only a few years old.  Cars depreciate in the early years so when buying a used car, the depreciation has already occurred and it will also be easier to resell later.
  • It is possible to find used cars that are certified as CPO, certified pre-owned, cars by some dealerships.  These cars are generally only lightly used and have been fully serviced and overhauled.  Sometimes they even come with a warranty on certain repairs.

Also Read: Top 10 Italian Car Brands That Every Car Enthusiast Should Be Aware Of

Disadvantages of Buying a used car

  • If you are searching for particular features, like say, a sunroof or a specific safety feature, then perhaps a new car would suit your needs better.   Older used cars generally don’t have these features.
  • The older the car, the more maintenance it is likely to require and that means more expense.  It is important to know the history of the used car before you buy, knowing how and if it was looked after.  But it is still likely that you will need to spend more money on it than you would if you purchased a new car.
  • When purchasing a used car, the transaction may take longer. You may need to visit a number of different dealers if you are looking for a specific model and then test drive those that interest you.    You will then need to check out the car’s history making sure that the car meets your expectations and has all the necessary legal paperwork.  All this takes time.

So, which is best? To buy a new or used car?

It usually comes down to your personal circumstances and that of course includes budget.  But it is not only about the initial price of the car; it involves the price you will need to pay for its use, tax, insurance, gas, and maintenance. You also have to factor in your needs and that of your family. You can ask yourself a number of questions:

How many seats do you need and what will you be needing the car for?  Is it for work or just for recreation?  Are you looking for your dream car and is money not an issue? Asking yourself these questions will help to determine whether you should go for a new or used car.

Dylan Miller

I am a Chicago native and regular contributor to "Locar Deals". I have a master's degree in English, am an automobile content creation specialist, and have written professionally for a variety of automotive companies over the past few years. I write on a variety of vehicles, from high-end luxury cars to ten-year-old gas guzzlers and everything in between. And I love sharing valuable car buying tips with consumers from all walks of life.

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