Buying Used vs. New cars

Buying a used car over new car can provide private sellers with significant savings avoiding sharp depreciations of new cars

. Often three-year-old car can lose as much as 50% of its value.

However, if not properly maintain it can end up costing far more then initial purchase price. Always ensure that any used car considered for purchase has been well looked after and is provided with valid and stamped service book. Equally import factor is the location and the validity of the service centre where the car has been regularly serviced.

Most new cars will have their service books included in their car manuals also indicating recommended service intervals.

Pricing of the used car is heavily influenced by who is selling the vehicle. Is sold by a private seller then the price is likely to be lower but without any vehicle warranties. It is worthwhile to have the vehicle inspected by accredited vehicle tester under those circumstances. When buying it from dealer it is highly likely to receive limited 3mth warranty as a bare minimum. You can also purchase extended warranty through the dealership, although make sure you have read the fine print as often you will find hidden terms and condition imposing warranty restrictions.

Cars sold through reputable dealership such as BMW, Holden, Audi, Toyota, Hyundai and many others may offer certified warranty on their used car stock that is backed by respected manufacturer.

Location can also be critical as it can offer substantial price variation between individual states due to number of factors. It pays to do your research before selecting and buying a used car. Internet can be very useful as it offers great deal of information on just about anything at all.

Many sites will offer great deal of products and services like car valuations and specification services that ensure all critical information such vehicle condition, price, odometer readings and any other vehicle specific information is displayed throughout the individual ads. Be cautious, as they say, if the offer looks like too good to be true it probably is.

Buying Used vs. New cars

By: mark

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