Should i buy new car or used - Buying new car vs used

Buying a car can be expensive so you should to make a little research before before buying it cause generally it is the second largest purchase that you make after your house. One of the biggest decision you have to make is that to buy a new car or used car. As the costs of new cars are increasing, so many car buyer prefer for quality used cars. Actually new cars are more expensive but are also more reliable generally, whereas used cars are cheaper but might cost more to run. Now here are some advantages and disadvantages of new and used cars so that you can make decision easily.

Buying a new car:

It can be more exciting feeling when you sit in your own new car for fist time but a smart customer or buyer is a buyer who take more advantages with his money so you should think about advantages and disadvantages of new car before buying it. Here are some advantages and disadvantages of buying car:

Advantages of new car:

•   In new car there will be more variety, so there are many options and you can find exact car specification those are best for you.
• Generally a new car comes with full warranty, so it will be easier to repair any fault for free. Normally these warranties are around 3 years long but these can be different for different manufacturers.
•  Many manufactures give some special offer such as interest free finance.
• You have no need of MOT for three years.

Disadvantage of new car:

•  The main disadvantage is that new car will be more expensive than a used version of the same model.
•  New car will lose it's value over the fist year of ownership.
• New car have to be ordered from the factory so you may have to wait several weeks for a new car to be delivered.

Buying a used car:

Buying a used car means that you save money but used car can be more expensive to maintain and there is risk of being misled so you should also think about advantages and disadvantages of used car before buying it:

Advantages of used car:

•   A used car will be more cheaper than a brand new version of the same model.
•  You have no need to worry as much about it losing it's value cause nearly new cars have already had   the significant drop in value which normally occurs just after purchase.
•  You can buy used cars privately as well as from dealers, giving you more options.
•  There is no showroom tax for used car.

Disadvantages of used car:

•   There are less chance of warranty for used car but you can buy warranties from independent providers for a few hundred pounds.
• You will not get any offer with used car.
•  Now there are less option to choose exact specification in used car.
•  Used car may create many problem from wear and tear or cost more to run and maintain, possibility of hidden history.

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