The Good Things About New Cars And Used Cars

Since buying a car is a big financial investment next to housing

, it is important to choose the right one for you. And in doing so, the first question that you have to ask yourself is whether you will buy a new car or a used one. Most often, your choice depends on two factors, price and risk.

Buying a New Car

For some individuals especially those who are rich, owning a second-hand car is never a choice. They are looking for the peace of mind and pride that new cars offer to their first owners.

1.Reduced maintenance - A new car won't require maintenance during the first thousand miles. Typically, you only have to deal with oil change and tune-up. Some manufacturers would even handle these costs. If you buy new cars, you won't have to worry about replacing the tires, exhaust system, battery or brakes for quite some time.

2. Warranty - Car manufacturers make sure that their cars are under a comprehensive warranty of at least three years or more. This means that if you discover something wrong with your car that is not your doing, the manufacturer or dealer will take care of it for you.

3.Roadside assistance - Most of the times, those who buy brand new cars are provided with a free roadside assistance. Furthermore, some manufacturers reimburse or give you an alternate transportation in case you find yourself stranded far from home.

If your budget can't handle the price of a new vehicle, then you should surely think about buying a used car. Aside from being budget-friendly, here are some of the advantages that come along with second-hand cars.

1. Less depreciation cost - Vehicles lose their value with each mile and year it passes. With brand new vehicles, a rapid decrease in value happens immediately after purchase. Most new car models lose around 45% or more of their original value in three to four years.

On the other hand, used cars don't have a rapid depreciation rate. There are several factors that affect the depreciation of cars. These include popularity, assumed quality, stock model, and design.

2. Reliability. The certification of pre-owned vehicles is a new trend in the automobile market that makes buying second-hand cars a good idea. This program ensures the durability and reliability of pre-owned cars as CPO vehicles are required to undergo extensive inspection processes. They also come in warranties that usually go beyond their original manufacturer's warranty and often have the same features as that of a new car warranty like roadside assistance.

by: Johnathon F Black

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