Buying a Used Car Or a New Car

One major factor that is considered by almost everyone who is about to buy a car is depreciation. Both buyers of new and used cars usually consider what the car will cost in another few years when they are ready to trade it in for another one. Another major issue is finance obviously a brand new Toyota Camry for example will be more expensive than one with a few miles on it no matter how little. Most buyers purchase their cars on a finance plan and there is usually interest to be paid on the loan, so anyone in this situation will want to buy a nice car that will have the features he or she wants without going above the budget. Since Majority of the people in most countries are in this category and new cars are usually expensive, you will find that more people go for used cars than new cars as this is simply what they can afford. Asides from finance and depreciation there are other factors that influence this decision. Used cars used to be deemed inferior but not anymore as there are now tools to do detailed checks of a car's history before settling for it. A major reason people get skeptical about used cars is the possibility that there might be some underlying problem with the vehicle which the owner might not be revealing. There are now approved used car warranty plans that can offer up to twelve months warranty keeping the used car buyer re-assured.

The benefits and incentives of a new car are very obvious from manufacturer's warranty to free repairs that can last up to three years; so far you can afford the one. Another factor to consider when buying a new car is the vehicle color, for example a pink Mercedes-Benz will not sell as fast as a black or grey one. Also if you buy a new car that was quite popular when it was released and the automaker is stopping production on it because a newer model is in the works, you might not have to worry much about depreciation as you will most likely get a good deal when selling because it will no longer be in production by then. One major advantage of getting a new car straight from the manufacturer is customization; the car can be customized to the buyer's specification from interior color and material to exterior color and finishing. It is the job of the car sales guy to try to convince you to add some more features and customize to the maximum, to save yourself some money be prepared and know what you really want. In conclusion, there are benefits to either option.