Why I should choose a New car instead of a used car?
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The first question in process of buying a car is – should I buy a new or used car? Reasons to buy new or used aren’t the same for everyone. Unfortunately, there is no one-size-fits-all answer. We list down some of the key advantages of buying new car despite initial apparent high cost. But over a long term, not that much more.
- Reliability: I am sure you don’t want a car that breaks down. The biggest reason to purchase a new car is peace of mind.
- Warranty: Best warranty you can get without paying extra will be the one that comes with a new car from the manufacturer. New car’s warranty is untouched. Whereas with a used car, you may not get warranty unless warranty conditions have been met by previous owner.
- Safety: As vehicle safety laws are becoming stricter, car manufacturers are forced to change the safety systems. Some form of tire pressure monitoring will soon be mandatory and stability control too on all vehicles sold in G.C.C countries. Other technologies that are not mandated, like side curtain airbags, brake assist and blind-spot monitoring systems are becoming more prevalent as their costs come down.
- Higher Fuel Efficiency and Lower Emissions: Cars are getting more fuel efficient, simultaneously getting more powerful.
- Financing: Banks offer lower financing rates on new vehicles because the vehicles are inherently worth more.
- Maintenance: A new car will surely demand least maintenance with just regular service. Some new cars also include free scheduled maintenance for a certain amount of time or mileage. Most car dealer offer service & maintenance contract for new cars thereby reducing service costs. With a used car you never know what surprise maintenance may appear and don’t forget the time spent (=money) going to service centers.
- Finally, The Appeal of Ownership: It's hard to put a price tag on the value of ownership. But beyond the abstract enjoyment of possessing a nice car, new car ownership does provide several advantages over used car.
Buying a new car can be a smart choice over a long term. In used car purchase you may save up-front money, but it may cost you a lot more over long-term. If you decide to buy a pretty good used car, in my opinion you might as well spend a little more to mitigate risks of car repair, etc.