Used car vs new car is a hectic debate and it is one of the toughest decisions. Many pundits have been arguing, for years, on used cars or new cars. Everyone, these days, is confused about buying a used car or new car. This detailed buying guide is going to clear your all doubts once and for all. You are going to know everything about new cars vs used cars pros and cons. So, keep reading this blog till the end.
Have a detailed look over pros and cons of buying a new car vs used car.
There are some certain benefits of buying a new car. Following are some major ones:
The disadvantages of a used car vs new car is always considered, even more than the advantages. So, before buying a new car after hearing about some specific advantages would not be a better idea. Have a look about the disadvantages of buying a new car too.
So, if you are living a good life and you have enough money to splash for the new car, you still have to be sure about the timing. Yes, timing is much important while buying a new car. There are always some brands working to launch new models every year, so don’t mess up buying a specific new car without consulting the other one. The price gap, specs and many other things depend on the timing. So, look for the best time to buy a new car .
For some people, buying a used car sounds stupid but there are also some real benefits of buying a used car. These pundits should not ignore these benefits before making a decision about buying used cars or new cars:
That’s why you should think at least once to buy a used car .
You can’t be dead sure, ever, in life that you should buy a used car or new car without consulting the both sides of the story. So, disadvantages of used cars are also important while discussing used car vs new car pros and cons.
If you are planning to buy a used car after considering all pros and cons of buying a used car, you must check out the list of Do’s and Don’ts of buying a used car .
You must calculate the total expenditure by considering the down payment, expected mileage, the insurance rate and the maintenance cost for the next 3-5 years before making a decision between a used car or new car. You should note down every specific figure. There are many online calculators helping to calculate the expected savings and resultant balance after a few years of buying a used car or new car. You must use that calculator and compare the end balance after a few years before making a firm decision between a new car or used car.There is a thumb rule that you should be able to clear all the loan and insurance dues in a time span of 3 years. If you are not going to clear them in three years, but your expected balance would still be negative on buying a car calculator, you should not go for it.