New cars versus used cars: Which should you buy?
If youâ€™re in the market for another car, whether you want to trade in the one you have or you need a second vehicle, youâ€™re going to want to get prices for both used cars and new cars. You may be surprised at what you learn from this exercise. Itâ€™s not always the smart move to buy a brand new car â€“ depending on what your needs are. Often, youâ€™ll get exciting options with a used car too. New cars will carry higher price tags, and while they come with their own benefits, buying a pre-owned vehicle from a reputable dealership that guarantees quality â€“ shouldnâ€™t leave you wanting.
Find vehicles that have attractive warranties, new car smell and new variants of old favourites. You may even find everything you want with an affordable used car deal that you stumble upon while researching. You can get a better make and model of car for less when you buy used and put in the legwork to compare offers. Searching for the perfect car is imperative if you want to get the best possible deal.
The benefits of buying cars that are used
Aside from the price benefits of buying used vehicles, there are a number of other advantages too. Take a look at some of the reasons to choose pre-owned over new:
- More options for less – You can expect to get more with your used car. Youâ€™ll be able to afford a car with a number of exciting extras. Heated seats, Bluetooth technology, multi CD changers and air-conditioning could be part of the package with a used model.
- Pre-owned certification – This could mean a car that has been serviced thoroughly before it was sold to you. Otherwise, reputed dealerships are not authorised to sell it to you. You want to rest assured in the knowledge that your car will be 100% roadworthy and in fantastic condition when you drive it away from the dealership.
- Pay a lower insurance premium – Just like taxes, the insurance premiums usually depend on the sale price of the second hand vehicle. Therefore, the lower price of the second hand vehicle helps you to save money on car insurance too.
- Save money on car loans – Borrowing the cash to buy a car can actually cost you money in terms of interest payments. However, the lower cost, the lower the loan amount and, consequently, the better the interest to be paid on the loan at the end of the day. This could improve your credit rating as youâ€™re more likely to keep paying a lower interest on time, adding to the benefits of buying a second hand vehicle.
If you are looking for suggestions on reputable dealerships, we highly recommend Carshop. Also remember to test drive the used cars they have on offer before making your final decision.