Shopping for a new car can be exciting. However, it can also be stressful. The process is only fun if you have researched and worked out precisely what you want. Rushing into the car buying process can lead to feelings of uncertainty and anxiety. If you are in the market for a new car and want to do your due diligence before visiting showrooms, the first step is to decide whether to buy a new or used one. Both have their benefits, and this post will tell you what they are, so read on to find out more.
Manufacturer’s Warranty
One of the main benefits of buying a new car is that your vehicle will come with a manufacturer’s warranty. If you buy used cars from approved dealers, i.e., dealerships partnered with the vehicle’s manufacturer, you can still get a warranty, although it won’t be as comprehensive as the ones new cars come with. This VW dealer in Perth mentions that they have exclusive service offers for VW vehicles, which is one of the main reasons you should always buy cars from their manufacturers, whether they are used or new. You should also always have your vehicle serviced by the company.
Lower Purchase Price
When you buy a used car, you don’t have to pay as much, even if it’s a relatively new model. This is because new cars depreciate heavily in their first year of ownership. You can save as much as 20% on the cost of a car made just last year if you buy it used. Many people think buying a used car means purchasing an old one, but this isn’t true. Get in touch with an approved dealership today to see their stock. They will have access to a database of used vehicles and can even order them from other approved dealerships.
Latest Technology
If you want to buy a car with the latest technology, you should buy a new one. For obvious reasons, new cars have the latest technology and safety features. Bear in mind that if there are specific features you want, you need to tell your chosen dealer what they are. Some features are add-ons, which means you can pay to install them, but they do not come as standard. A dealer will be able to walk you through all of the various features you can add to your car purchase.
Slower Depreciation
As mentioned above, new cars depreciate heavily in their first year. This depreciation is, for many car owners, highly disconcerting. Buying a new or used model can minimize your car’s depreciation. As stated earlier, used cars hardly depreciate. However, depreciation is guaranteed once a car has left the dealer’s forecourt. However, once it has been on the road for a few years, its value doesn’t drop. You can, therefore, maintain your investment and lose little of your money by buying a used car.
Fuel Efficiency
If you buy a new car, you are probably going to benefit from greater fuel efficiency than you would if you purchased a used one. This is because new cars tend to be much more efficient. The cost of gas in the United States is higher than ever, so if you are trying to save money on your daily commute, a new electric vehicle or a hybrid one could be the best option for you. Fuel efficiency isn’t hard to achieve when you have an electric vehicle.
Lower Insurance Costs
The cost of insuring used cars is sometimes lower than new ones, depending on how long you have been on the road. If you are a new driver, you will probably get a better insurance rate if you buy a brand new car, whereas if you have been driving for a while, you may get better rates if you purchase a used vehicle. If you want to find out how much you will have to pay in insurance, get in touch with the insurer you want to take a policy out with and ask for a free quote.
Financing Rates
Car finance allows you to buy a more expensive car than your cash budget permits. It is something that more and more people are applying for, and it’s not hard to see why since we live in a society that is dependent on credit. Still, car financing can be a great way to buy the car of your dreams. You can usually get better deals on finance when you buy a brand-new vehicle, as dealers typically offer promotions to encourage people to buy new vehicles since it makes them a lot more money than used car sales do.
More Variety
When you buy a used car, you get more choices. If you buy a new car, you are limited to the models that have been released this year or last year. If you are interested in buying a used vehicle, contact a dealer to see their stock. If there is a specific model you want, they should be able to source it for you. As well as working with dealers, you can buy cars on the used car marketplaces. The downside to buying cars from used marketplaces is that you don’t get any guarantees or warranties with your purchases.
Wear and Tear
Finally, when you buy a used car, you typically have to deal with some wear and tear. The extent of the wear and tear depends on how old the car is. As a general rule, the older a car is, the more it will have been used. There are some exceptions to that rule, however. You will typically have to pay a lot more for a car that hasn’t seen much wear. Speak to a dealer today to find out what they have in stock, and make sure you are clear about what type of vehicle you want and what condition you want it to be in.
Choosing between new and used cars can be difficult. Hopefully, the guidance given here will help you make a choice. Give each point consideration and think about the various things highlighted here so you can get the best deal possible and make the right decision.
markmunroe
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