The debate between buying a used car and a new car is never-ending. Different people have different opinions based on their priorities. However, there are some facts that help us make the best choice while buying a car. Both new cars and used cars have their advantages and disadvantages. Here, we are going to discuss about some of the advantages and disadvantages of buying a new car and a used car.
• Used cars come with a much lower price when compared to the new ones. This, in turn, make them more value for money product than the new cars. The Price of the Used Cars can be further reduced if you buy from a private seller where no dealer is involved. On the other hand, new cars come with much higher price tags that make them hard to own for many prospective car buyers.
• Depreciation is another factor that proves that buying a well-maintained used car could be a much better decision than going for a new car. All cars go through the phase where their value in the market depreciates. New cars lose their value very rapidly while for used cars the deprivation rate is quite low.
• In case of new cars, the customers get total peace of mind as the product is almost fully covered by the warranty provided by its manufacturer. Most of the car manufacturers provide a warranty of 3 years, which means the owners do not have to worry about any extra expenses on its parts for 3 years. However, in case of used cars, there is limited warranty or no warranty on anything. This means, if something goes wrong with the product, the seller is not responsible for that.
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