Should You Buy A New Or Used Car?

So the time has come around to purchase another car- but will you go for new or used? Largely these decisions will rely on personal needs and circumstances. If you're unsure about which option to go for, you’ll want to take a look at the ins and outs of both.

Pros of buying new 
Besides that new car smell, buying a new car can be a great option because you’ll get a warranty included. Within the first few years, new vehicles won’t generally require many repairs. If you’re a bit of a tech-head; you’ll enjoy the fact that new cars come equipped with all the latest technology! Some argue that purchasing a new car is more reliable; with no wear and tear it’s a blank canvas in the best condition possible. Though there are plenty of used cars in excellent condition, some find the idea of being the first owner more reassuring. 

Cons of buying new 
The issue with buying a new car is the depreciation, as soon as you begin to drive the car; you start to lose money on what you initially paid. The more that you drive; the further the depreciation continues. You won’t see the money back that you lose in the first few years of driving the car. Generally new car owners will lose thousands of pounds this way. For this reason, many people are put off making a new purchase. 

Pros of buying used
One of the most obvious benefits of buying a used car is, of course, the opportunity to save some money. Used cars will cost nearly 50% less than the price you’d have paid new. When you buy used, the majority of the depreciation on the car will have already taken place. It’s highly likely that your car insurance will be cheaper as will your car registration fees. Buying used doesn’t mean that you have to compromise on the look or model that you want. There are plenty of beautiful used cars out there! Crystal Motor Company, for instance, offer a wide range of great used cars for some reasonable prices. 

Cons of buying used
Some people steer away from buying used because they worry about maintenance issues. In some cases, you may end up doing more repairs on a used car. However, if you buy a used car in peak condition, you may be able to avoid these concerns. There are plenty of used cars out there with minimal wear and tear. The best thing to do is to have a detailed discussion with your car dealer to communicate your needs. If you are upfront about what you want from the get-go, you’ll be able to get a great used car without too many compromises. The purchase and maintenance of a car is generally quite a substantial monthly expense. Going for a used option could take away some of that financial pressure and free up some cash! Always test the cars that you are considering to make a completely informed decision.

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