You’ve made the decision to upgrade your wheels. If your current car is more of a guest in your garage than an asset on the road, isn’t it high time to consider shopping for a replacement? This is a major decision. If done right, you’ll land yourself a dependable vehicle that’s cost-effective in the long run. A bad choice, however, could leave you with hefty costs and a car that’s just as unpredictable as your previous one. The key question considered by potential buyers is often, ‘Should I buy a new or used car?’ and ‘What’s the best way to assess motor trade insurance?’
There are five crucial factors to ponder when it comes to buying a car:
– Value for money
– Reliability
– Resale value
– Environmental impact
– Visual attractiveness
Let’s explore each of these aspects and weigh the options between new and used cars.
VALUE FOR MONEY
In our challenging economic climate, the value for money should be your priority over any other factor. It is imperative not to go overboard and buy something beyond your financial capacity. A used car might appear as a more affordable option, but is it really? New cars come with a dealer warranty, protecting you against repair costs, and tend to have a longer lifespan, thus saving you from the expense of another purchase too soon. Dealers often provide attractive offers for new cars, like the Chrysler 0% offer on their new Ypsilon 5 door supermini.
RELIABILITY
There’s nothing more disappointing than waiting for a recovery service on the highway. The truth is, wear and tear affect our cars over time, including electronic parts. The higher your mileage, the closer some components get to their expiration date. However, purchasing a new car reduces the possibility of encountering these issues soon after procuring the vehicle.
RESALE VALUE
It’s worth considering that eventually, you’ll likely sell the car you’re presently buying. Whether it’s for family-related reasons or the desire for a newer model, you should keep the factor of depreciation in mind. New cars depreciate in value as soon as they exit the dealership, loosing approximately 40% of their initial cost within the first three years. Used cars also depreciate but maintaining their service dates and overall condition can help minimize this.
ENVIRONMENTAL IMPACT
Given the alarming rate of climate change, reducing your carbon footprint even by a little can contribute to preserving our planet for future generations. Thanks to legal regulations, newer car models ensure eco-friendly usage. They are also often more fuel-efficient than used cars, hence you save more money on petrol.
AESTHETIC APPEAL
The visual appeal of a car also matters as a visually pleasing car offers an enjoyable driving experience. While some may be drawn to the charm of older models, others appreciate the newness of a fresh car.
In conclusion, used and new cars have their own sets of advantages and disadvantages, but if the financial aspect is your main priority, a new car offers real benefits.
