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Buying new car vs used car: Benefits and drawbacks
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While the great feel and overall pleasure of driving a brand new car is undeniable, it almost always makes more financial sense to buy a used car. But is that the right choice for you? To clear your doubts and get you a fare idea, we bring you the benefits and drawbacks of buying a new and a used car for both have their own bits to play.
Benefits of buying a new car
• The first and the foremost benefit of buying a new car is in being the first owner of the car, which helps you keep a distance with its shady past, frequent visits to the garage and all other mechanical and paper hassles.
• A new vehicle won’t need maintenance for the first several thousand miles, and then only an oil change and tuneup are required, leaving you with low maintenance cost and ample amount of peace.
• With manufacturer warranties available till three extended years, if something goes wrong it becomes the responsibility of the dealer and manufacturer to fix it.
• In addition to a comprehensive warranty, all major carmakers offer free roadside assistance on just a call.
• Above all, the new car comes packed with the latest gadgets, accessories and equipments.
Drawback
• The cost at which you are buying is much higher than what you will pay for a used car. Also the moment the car comes out of the showroom, it gets deprecated atleast 20-30 per cent.
Benefits of buying a used car
• Buying a used car is beneficial especially in cases where you dream for luxury cars but can’t afford them otherwise. So here is a chance when you can get your dream car at half the price rather at the price which you were paying for a new car.
• Although used vehicles typically don’t carry the same warranties as the new ones, but the original factory warranty on a new car is transferable to a second owner, that to at no charge. So you get that extended benefit too!
• The depreciation value of the car remains considerably less than a new one retaining the original value when you plan to resale the car.
• For a used car you also pay marginally less amount on insurance too.
Drawback
• The designs, specifications and features, accessories and added gadgets are all missing from a used car.
• Previous accidents and any other legal issues all come packaged with the used car.
• While you are on a saving mode on all fronts, maintaining a used car can squeeze all your money out from the pocket.
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Readers' opinions ( 5 )
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Carol Wynter
If you are planning to buy a car than your first decision needs to be whether to purchase a used or a new car. There are some advantages as well as disadvantages in both options and you have to weigh your facts before coming to a decision. I purchased a used car from Autopartsfair site and I am happy I got a good deal at a reasonable cost.
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sunil m raheja
please suggest me good condition automatic second hand car
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Paul Matin
New cars smell great, but how much is that scent really worth? By looking beyond the sale price and considering the total cost of buying new, you can get a better idea of how much you are really going to pay for the privilege of being the first owner of your next car. You might have to spend a little extra time on research, but from the initial price to the long-term costs, youâ??ll thank yourself for buying a slightly-used car thatâ??s in good condition.Airport Motor Mile
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Nick
wat wud be a better buy a Honda Accord 2.4 automatic driven 45000 kms (2008) or a New Honda City automatic
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Alice
This is a good comparison between the old car and the new car. People are often confused for buying a new car or to purchase a used car. Its a nice written description on the car. I liked the way you represented over here.
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