Buying a car is not only costly but when the ownership costs kick in then the recurring expenses start to pile up and pose as additional responsibilities. On the other hand, purchasing a car that has been used previously, even if a little bit, can help us a lot by letting some money stay with us, while it offers the same quality. Let us balance the pros and cons.
- A new car depreciates in value the moment its first owner drives it off the showroom. On the other hand, the second buyer can save quite a bit of cash without sacrificing quality.
- Many car dealers have used lots along with new cars. They inspect used cars from bumper to bumper and make all necessary repairs and then certify them as good used cars.
- If you buy a pre owned car that is still within the original warranty period, ask if it will transfer when you purchase the car. In many cases, the answer is "yes."
- Some dealerships offer excellent warranty coverage. They often come with a default guarantee for every car that the lot sells or choose to add more coverage for a nominal fee.
- If you buy a used car, you can expect to pay less money for insurance, taxes and registration.
Now talking about the cons
- Used cars have been ‘used’ by another driver. We do not know how the previous owner drove the car or is regular maintenance was performed on the car? We might wonder if we are getting something that has been tattered and discarded in favour of a new one. Buying a used car means having to rely on the reputation of the seller.
- Buying a pre owned car from a private car seller usually means that we will be driving away without any warranty coverage. We do not know for sure if there is anything wrong with the car, or what is likely to happen in the next few months or even what was happened to the car before.
- However, we can get a knowledgeable car mechanic to inspect it before you buy. This can cost us some money but that is way cheaper than getting a car with loads of faults.
- Local car lots may not be able to offer you exactly whatever you look for. If you want a specific vehicle in mind along with a specific shade, for example, you may not be able to find a red car. You may have to be happy with the blue one instead, or white.
|