Should You Buy a New or a Used Car?
Buying a car can be a confusing process. Not only do you need to choose the make and variant of your car, but you also need to decide if you want to buy new or used. Here are some pros and cons of each.
Advantages of a new car
The main benefit of buying new is that you’ll get an OEM warranty. Most new cars will require few repairs or parts replacement car parts wellington initially so you can focus solely on maintenance.
New cars possess the latest technology, such as the ability to connect to your phone, in addition to improved mileage and lower emissions.
Disadvantages of a new car
The biggest disadvantage of buying new is the immediate depreciation in value when you drive off the lot.
Advantages of a used car
The biggest perk of buying used is that you let somebody else take the hit regarding depreciation. You may be able to trade your car for close to the same amount you paid for it in the next few years. You can still get funding through your bank or credit union.
Disadvantages of a used car
The downside of buying a used car is that you could have fewer options in order to get one with a good background and mileage. When purchasing a used car, you need to be patient.
This is a collaborative article.
The News Wheel is a digital auto magazine providing readers with a fresh perspective on the latest car news. We’re located in the heart of America (Dayton, Ohio) and our goal is to deliver an entertaining and informative perspective on what’s trending in the automotive world. See more articles from The News Wheel.