In an attempt to save money and cut down on frivolous spending, we all make mistakes we live to regret. When we are confronted with the option to buy a new or used car, we often place the cost of a car, ahead of the actual benefits. Although, a used car is cheaper in terms of price, it might not be cheaper in terms of upkeep and repairs. Let’s look at the Pros and Cons of purchasing both a new car and a used car, and decide which vehicle is the better choice.
Pros and Cons of Purchasing a Used Car
One of the benefits of owning a used car is the amount of money you pay for the car. If you are on a budget, and need dependable transportation, this might be your best bet for now. A used car has many miles on the engine and transmission, and of course the warranty is probably expired. These are facts you might want to seriously consider, before purchasing a used vehicle. If purchasing a used car is impossible to avoid at this point, at least get a warranty or some type of guarantee. Buying a second hand car from a private owner, or a car rental leasing company. These choices are better than buying a used vehicle from a car dealership.
A new car costs a lot of money, and so do the replacement parts. However, replacement parts, maintenance and repairs are not your concern. New cars come with an extended warranty that covers the majority of the parts and repairs. New model cars are built better, and they last longer. Although, the prices of some new cars are relatively high, the car will eventually pay for itself, with fewer repairs, more gas mileage and the included warranty.
Which is Really Better and What is the Difference in a New or Used Car?
This is a personal decision everyone has to make on their own. Financial hardship, and other factors influence most people’s decisions to purchase a used car. However, a newer car is better, because it comes with no previous mechanical problems, and it is less likely to breakdown any time soon.