New Or Used: Which Is Better? | Hinckley, Stoke & Wolverhampton | V12 Sports And Classics

New Or Used: Which Is Better?

Thinking of buying a car? The first thing that probably comes to mind is deciding whether to buy new or used.

Your budget is the most significant factor that will influence the car you choose. The long-term costs of ownership as well as the support and backup you need to run a car all need to be accounted for, as well as the initial cost of purchasing a vehicle.

Buying New

Car makers are always desperate to attract buyers into buying new cars, so they will offer all sorts of special deals and incentives in order to make it happen. Whilst some of the incentives will be unnecessary gimmicks, some additions such as free roadside recovery can actually add up to decent savings over the years.

You can get purchasing packages in which you will pay a fixed amount for routine service work at their franchises for so many years. This keeps your prices set and avoids inflating costs; the packages can also be transferred to subsequent owners.

Running Costs

New cars are generally more efficient, meaning purchasing the latest model could save you money every time you fill up at the pump. Lower emissions also mean lower tax bands, and the latest safety features can reduce your insurance rates.

Buying Used

Used cars are not just the only option available for skint car owners. A lot of used cars have benefits over new as the previous owner has already felt the brunt of the depreciation and any teething troubles the car may have had would have been worked out.

Risk

Cars are much more resistant to corrosion and wear than they were 20 years ago and with tighter regulations amongst insurance industries, the number of accident write-offs and stolen cars making their way to the forecourt has been greatly reduced.