subject: The ups and down of buying a car fresh off the forecourt [print this page] The ups and down of buying a car fresh off the forecourt
There are many pulls and drawbacks of buying a new car from the forecourt. It is often an expensive but rewarding practice as many people feel the safest way of ensuring a car is in full working order is to buy a brand new one from the manufacturer.
The first thing you will see when you compare buying a new car against a used car would be cost. The cost of a brand new car far outweighs the cost of purchasing a like-for-like used car, especially if the prospective car has more than one previous owner. If you buy a new car from a showroom, then you typically lose 15-20% of the cars value as you leave the forecourt. This is due to a couple of factors, one of these being the dealerships mark up, the money which a dealership places on top of the cars list price. This is an immediate loss as it is not actually connected to the cars value, more a premium you pay for being the first owner of the car. Another factor would be the status of the car being new, as soon as you drive off the showroom forecourt the car is of course no longer new, and is now used. This reduces the value due to the prestigious status of a car being brand new and un-touched and losing that status is costly.
One advantage of buying a car like this is the ability to place your own stamp on the vehicle and place your own touch on the interior and exterior. When you order a car straight from a manufacturer or official dealership, you can tailor the cars features down to the style of gear knob. These options are often useful to tailor the car to suit your driving style and needs, not to mention the added comfort some of these extras add. Depending on the vehicle, paying for these extras may work to your advantage. If the vehicle is a high value saloon for example Cruise Control and Air conditioning would be essential extras. By adding these extras you may not add monetary value to your car at the end of its useful life, but you may increase interest in your vehicle when selling. At this stage by pushing a hard bargain you may also be able to get extras thrown in' to push the deal through.
Another advantage when buying a new car is avoiding the minefield that is the used car market, many rogue traders are on the market selling vehicles which hide mechanical faults which aren't easy to spot when buying. This is not only a potential financial problem but a danger to your safety, buying a new car avoids this risk as any mechanical faults will be eradicated at the factory. By buying a new car you avoid many of the risks and drawbacks associated with buying a used car, although it is inevitable you will pay extra for this. Working the deal to your advantage can help reduce this deficit by ensuring a great deal on your dream car.
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