Buy used car over new car

When it comes to buying a car there are a number of options available in the market. The process not only demands the research on picking the make and model of the car but also on the decision to whether to buy a used car or a new car. This decision can make a big difference in terms of your finances in the next coming years. Consider the following points and make your car buying decision a bit easier:

Depreciation factor

The biggest disadvantage of buying a used car is the depreciation factor. As soon as you drive off your new car you tend to lose its value because there are a variety of companies launching new cars in a specific period of time which could be better than the car you bought at a lower price. It is pretty obvious that a new car will fall in its value in the coming two or three years so there’s no point in just wasting your money on a new car.

More value for the same money

The to-go option for the person with a tight budget is a used car because he can buy the new model of a particular car with the money he could have bought a lower model of the same car if he would have gone for the new car. Also, the new model of the used car would have a better engine and updates as compared to the lower model of the same car.

Inspected and certified cars

There are many companies who inspect the used car from the depth and then issue the auto inspection certificate of the used car. This certificate ensures the buyer that the car has been fully inspected and if it has any flaws they are known by the buyer. Nothing is hidden from the buyer and it also protects the buyer from certain parameters.

Warranty on a used car and service history report

The used car also comes with a warranty so you don’t have to worry on that part. Certain companies refurbish used cars and provide warranty on them too. The used car also comes with the service history report, so this will let you know if the car has met any accidents before and will let you know the exact condition of the car.

The decision totally depends on you and your requirements. If you want to have that feeling of a brand new car, go with the new one and if you want to save money and get rid of the depreciation factor go with the old one. Whatever you choose, choose wisely.