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The following article was published in our article directory on March 12, 2015.
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The Pros and Cons of Buying a Used Car

Article Category: Automotive

Author Name: Mark de Jongh

Whether you are planning to buy your very first car or another car for your family's use, there are many brands and models you can choose from. And if you have a tight budget or wish to spend less, you can choose from a new but cheap car or a used but great car.

Choosing a cheap car over a great car could be less wise because sometimes the disadvantages of buying cheap cars could outweigh the disadvantages of buying used cars. Here are some pros and cons of buying used cars:

Pros

You do not need to worry about being hit by depreciation just like the original owner of the car. The market value of new cars decreases from year to year. About 30 to 40 percent of their value within three years from the time they were bought is lost, so buying their used cars would save you a lot of money.

Insurance costs are lower when you choose to buy second hand cars unlike when you choose to buy a new car with higher insurance costs.

Car loans, leases, or money-saving promo deals can be offered with buying either a new car or second hand car; usually, dealers have shorter loan terms for the second hand cars they sell.

A second hand car could guarantee you the service value and reliability that it has provided since the time it was originally bought, so it could be a very wise choice if you base your investment on the gas mileage and appearance.

Buying used cars can make room for other expenses or additional goods. Buying new cars can consume your lifetime savings, but second hand cars can let you purchase new accessories, gadgets or parts that you want to furnish your car with like new air conditioning, new car seat upholstery, or new radio and player.

Cons

Dealers of used cars provide warranty, but the warranty period and features are often shorter and limited in time and context compared to the full warranty that comes with purchasing a new car.

Second hand cars will have lower trade-in values if you choose to buy them over new ones.

Negotiating for fair financing terms could be difficult with second hand cars.

Perhaps the real disadvantage you may truly face when buying used cars is that you would never really know how much is their quantities. You will never be able to confirm how much the actual maintenance would cost you in the long run, especially if the car was only repaired and refurbished by the dealer for their test drives.

Whether you choose to buy a second hand car or a new car, both choices can have their own advantages and disadvantages. In order for you to make the best decision, you have to do your research and compare deals and prices from different dealers and sellers carefully by considering your real needs, your budget range, and your personal preferences.

Keywords: used cars, second hand vehicles, new cars, cars, motoring

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