Your decision of whether to buy a new car or a used car mostly boils down to the question of budget. While there are a number of advantages buying a new car, there are equally as many for buying a pre-owned car from a reputable dealer or original owner.
The fact that both the new and used car markets are under enormous pressure as a result of the recession worldwide is actually good news for the consumer. With increasing repossessions and less buying power, there is literally a flood of vehicular stock on factory and dealership floors, leading to more astute pricing by the industry and a burgeoning array of choice for the prospective buyer.
.Advantages to buying new and used cars
A new car will generally demand less maintenance as the average warranty period of at least three years assures the buyer of hassle-free driving for quite some time to come. Many manufacturers also offer free roadside assistance while the car is under warranty.
The leading finance houses are likely to offer better rates when buying new, as the mint condition product will offer better collateral and is less likely to break down.
Buying a new car or a pre-owned car from a car dealership will offer peace of mind as the full might of the law is behind the consumer. Buying a used car at auction or from a private source can be dodgy, as there is very little legal recourse should the vehicle turn out to be a