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The Pros & Cons of Buying a New or Used Car

If you are thinking about buying a car and you can’t make up your mind whether to go for a new or used model, you have come to the right place. In this article, we take a look at the pros and cons of buying a new and a second-hand car to help you make the right decision.

Buying a new vehicle – The Pros

There are many benefits to choosing a brand-new car; it is obviously in tip-top condition and should have no more than 10 miles on the clock. Smell the new leather, unwrap the upholstery and marvel at the fact that everything is straight out of the factory. Check out Patrick Auto Dealership, a leading provider of quality cars in Port Macquarie, where you can view a great selection of new and used vehicles.

Servicing and maintenance

If you buy a new car, you know it is in perfect condition and with the right care and attention, the vehicle will always be ready to serve you. Owning a car from new gives you a special feeling, as no one has ever driven it and it is under your guardianship. Some become very attached to their set of wheels, being very particular about its care and maintenance. Click here for auto maintenance tips.

Buying a new vehicle – The Cons

There are downsides to buying a new car; the moment you start the car and drive it off the dealership forecourt, the value drops by 15-30%, depending on the make and model. If you try to sell a one-day-old car, you will be shocked at the price drop!

The high price is obviously a barrier for some, yet with finance, most people can afford to buy a new car; insurance might be very expensive, as the value of the car is high.

Read also A Victim-Friendly Guide on How to Determine Fault After an Accident

Buying a used car – The Pros

The first upside is the lower price tag, which most people find more affordable than new; of course, there are risks when buying a used vehicle; you need to fully inspect the car and check that there is a full service history. Price depreciation is much lower once a car reaches the two-year mark, which is another reason why people prefer to buy a used car.

Buying a used car – The Cons

The biggest downside of buying a used car is the risk of fault; as you were not around the vehicle for its life prior to purchase. You don’t know the state of the power unit, or indeed, whether the car has been in an accident. This is why you should take a certified mechanic when you view second-hand vehicles; if he inspects the car and gives you a ‘thumbs up’, you can be reasonably confident that they car is not a dud.

So, there you have it, the ups and down of both new and used cars; weight it all up and stick to your budget and find the right car for your needs.

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