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The Pros & Cons of New and Used Cars

This is a debate that has been going on for years; whether to invest in a brand-new vehicle, or buy one that is a couple of years old and still in good shape. In this article, we will offer you the pros and cons of both choices, with the aim of helping you to make the right decision.

New Car

  • The Pros – When you buy a new car, it has never been driven, apart from the few kilometres from the factory to the dealership and this means you know the car is in perfect condition. There’s nothing like the smell of a new leather interior and if you plan on keeping the car all its life, you know the vehicle is in tip top shape; yet you are paying through the nose for this experience.
  • The Cons – Like it or not, when you drive out of the showroom, you leave 10-15% of the value behind, never to be seen again. That’s a lot of money to lose in a single day and a 2-year old car would still be in very good condition and you would save at least 20% on a new model.

Used Car

  • The Pros – Obviously, a second-hand car is much cheaper than a new model, which is the main reason people prefer a used vehicle. Some motorists change their car every two years and with some clever purchasing, they don’t lose much money on the replacement. You can shop for used cars in New Brunswick from a well-respected used car dealer who offers a warranty on all used cars.
  • The Cons – When you buy a used car, you can never be 100% sure that it hasn’t been involved in an accident, plus you don’t know how previous owners treated the vehicle, aside from the service history found in the rear section of the owner’s manual.

If you are looking for a finance deal, calculate the monthly payment that you can comfortably afford and this might not be enough for a new model. If you are one of those people who do not like the idea of driving a car that belonged to another, then a new vehicle would be the best solution. It is nice to experience a new vehicle, so you should, at least once in your life, treat yourself to a brand-new car.

If you are looking for a used car, make sure you buy from an established dealer, as they would give you some form of warranty, which is important.

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