Old Car or New Car – Pros and Cons to Consider while Buying

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Old Car or New Car

When you decide to buy your first car, the biggest question is that whether to buy a new car or a used one. While it’s indeed tempting to buy a new car, especially when it’s your first car, buying a used car has its own benefits.

Actually, both new and old cars have their own pros and cons, making the choice largely dependent on one’s personal preferences and choices.

Here are a few pluses and minuses with both types of cars that will help you decide which one is the best for you.

New Car

New cars are certainly pricier than old cars. However, they offer peace of mind. They tend to be more reliable unlike secondhand cars and as a buyer, you get more confidence by buying them.

A new car also includes a warranty of three, five or even seven years and it will save you from any expenses on any mechanical repairs and servicing.

Most manufacturers provide capped price servicing during the period of warranty which means no unpleasant surprises even if the car is running fine.

Purchasing a car directly off the truck offers your more options. E.g. you can select the colour, accessories and any extra options you may want, such as driver assistance or safety tech.

Another benefit is all parts of a new car are new making the car more fuel efficient. Added to that the automakers are continuously intending to enhance fuel efficiency and emissions and you get an on-road saving.

A car declines in most of its value in the initial two years of being on the road. Therefore, purchase of a new car is perhaps the worst ‘investment’ for you. You’ll lose around 40% depreciation even before reaching the end of your warranty period.

Used Cars

The biggest benefit of buying a used car is the reduced price. As mentioned above, cars lose 40% of their value during the first two to three years; therefore buying a used car means you can get it for a much reduced price than its original price.

For making the deal more profitable, find a car that is only a few years old, with fewerkilometres covered.

Even though you are planning to buy a new car, choosing to buy a used one may enable you to spend your money on a top-spec version of same model but with more bells and whistles.

Such a car may be a bit older and may have covered a few more kilometres, but for a low price you may get the safety package or luxury interior that you may not afford when it’s new.

But old cars come with their own downsides. The biggest among them is that you don’t know their history. Well, you might know about their service history, but you can’t come to know about how they have been driven.

For example, how often the car has been taken to the country and thrashed on gravel roads? This may make you spend more on maintenance.

Reduced fuel efficiency is another problem with old cars. With age, mechanics of cars wear down making movement of the car more strained needing more fuel for more power to get going.

Old cars may also contain asbestos. You can contact Dazmac Logistics for asbestos in old cars and get rid of it.

You also won’t get any warranty on an old car unless it’s still under the warranty. So, if something undesirable happens to your car, you may have to lose whatever you’ve saved on purchase for repairing the damage.

If the car, old or new, has to be transported between two cities or countries, take help of a professional, e.g. professional shipping car from Australia to New Zealand with Dazmac, so that you can get your car in the best possible condition.