The debate between used cars vs. new cars is an old and constantly nagging question for anyone looking to buy a new car. The car you drive is inevitably a reflection of yourself and your status in society. Thus we all want the latest, fastest and most stylish car around. For most of us buying a used car, at a dealership like S4 used cars, is the easiest route to getting our dream car. But for others it is simply not an option to drive a used car.
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Both used- and new cars have their pros and cons. For the most part your decision will ultimately depend on what you are looking for in a car. Do you want a technological juggernaut of improved status, or simply just a car to get from one place to another?
Why Used Cars Are Better Value
That new car smell might be very tempting at first, but don’t be fooled by emotions, rather listen to you bank balance. To put it simply, used cars make financial sense. A new car looses about 40 percent of its value within 3 years. This actually means that buying a new car is the worst financial investment anybody could make, ever.
Used cars also make even more financial sense if you keep in mind that you will be paying lower insurance premiums, lower financing costs and lower registration and licenses fees. Your used car will also have a lower depreciation rate than a new car. This means that you will be getting a better percentage of your investment back on a used car than on a new car. It just makes financial sense to buy a used car.
Why New Cars Are Better Value
Let’s be honest. Nothing compares to that new car smell, it just radiates power and money. Besides smelling nice, new cars might actually end up costing you less at the end of the day. New cars are less likely to brake down and require expensive repairs, like replacing the tires, brakes, muffler or battery. And most new cars have a limited warranty, where the manufacturer will fix any problems (non accident related) that might occur within a specific time frame.
New cars are also fitted with the latest state of the art technology and safety equipment. This means that new cars are saver and compatible with modern life, in the sense that you can have satellite navigation and a wireless Bluetooth connection for your I pod in your car. Advanced technologies in a car is a very big drawing card for most consumers, as this means that they can always be connected and stay in touch whilst traveling. This is something older used cars can not offer.
Both new and used cars have their upsides and downsides. The prospect of owning a brand new car is very alluring, but you need to ask yourself if you can really afford to spend almost twice the money on a new car, when a used car is just as good.