Monday, March 26, 2012

Why You Should Buy A New Car Instead of Used

Well, i am currently looking for car but still considering whether to get a new car or a second hand ones. I was searching on Google and found this article quite true, so let me share this out:

It seems every bit of advice on the Internet tells you to buy a used car. Buying a new car, after all, will leave you absorbing all the depreciation. But there are plenty of good reasons to buy a new car. Not to mention all of the great new car deals out there to be had!

1. Better Value Than in the Past

In terms of real money, new motor vehicle prices have actually decreased in the past few years. A look at reports of new car prices vs. inflation have shown that a dollar today will buy you more car than it used to. This is partly due to aggressive pricing in a down worldwide economy. But also more efficient processes and increased competition are keeping prices down.

At the same time, cars are more reliable, lasting longer, possessing better fuel efficiency, and holding their value better. It is not unreasonable to see a car last 15 or more years with proper maintenance. Used cars are becoming more and more expensive as depreciation isn't wiping out as much value as before. And when you do the math, depreciation really isn't that bad. 

2. Get What You Want

If you're going to be spending thousands of dollars on a new vehicle, you'd best be happy with your purchase. I'm not saying you should pay for every little upgrade that you think is cool. But make a list of the essentials you need and shop for those.

Depending on your area, however, it may be difficult to find a used car that satisfies your wants. Sure Internet buying with sites such as AutoTrader or EBay Motors have made buying a car online possible. But there are obvious risks when purchasing a car you have never seen in person.

When buying a new car, you have access to the dealer's entire inventory and often the inventory of other nearby new car dealers. And if you still can't find what you want, it is always possible to order a customized vehicle.

4. Special Perks

Buy nearly any new car today and you will also be eligible for some excellent perks. Take a vehicle that already costs less and lasts longer than those in the past, and add on additional value increasing perks like proper maintenance, and these deals are looking sweeter by the moment. Some special groups can also receive additional perks. For example, new college graduates have many discounts available to them including:
  • Cashback Bonus
  • Deferred Payments
  • Better Interest Rates
  • Financing even with limited credit history
  • Roadside Assistance
  • and more!

3. Peace of Mind

But perhaps the best reason to buy a new car is the peace of mind. Knowing that your car has always been treated well. Knowing your car has received its maintenance. Knowing your car has fresh parts. Knowing your warranty will protect your car. Knowing you will get what you want. The list goes on, but the reason is clear. Car buying can be a long and stressful experience. But buying new can reduce or even eliminate some of the hardest parts.


Ella said...

Buying a new car can also be to your benefit if you need to organise finance for your purchase. Many banks and finance companies will offer a lower interest rate if you are purchasing a brand new car. Car insurance may also be cheaper as many car insurance companies offer lower premiums to people with a car that is less than 3 years old.

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