The debate that goes on about buying a used car or buying a new car is an old one. It constantly nags at the person who is considering buying a new car. It is sometimes perceived that the car you drive is a reflection of yourself and of your status in society. Some of us want the latest, greatest, fastest and most stylish car we can get our hands on. Buying a car at S4 Used Cars dealership will be your easiest route to obtain the car you dream of. There are many others that will never consider driving a used car at all.
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Both new and used cars have their advantages and disadvantages to buying. The ultimate decision will lie with you and what you are looking for in a car and what you want to buy the car for. You might have started in a high powered job and you want to impress your colleagues and friends with a car to match your new status, or you might simply be looking for a car that gets you from one place to the other.
Used cars could be better value
When you sit in a brand new car, the smell of the newness is extremely tempting at first and you might have made up your mind that it’s a new car for you. But you should listen to your head and read your bank balance first. To put it simply, you should know whether you can afford a brand new car and you should also realise that used cars actually do make financial sense.
A new car actually loses about forty percent of its value within the first three years after you have purchased it. This means that buying a new car is actually the worst financial investment anybody could actually make. When you purchase a used car you pay lower insurance premiums, you pay lower finance costs, lower registration and licence fees. Your car will also have a lower depreciation rate than the new car which means you will get a better percentage of your investment back on your used car than a new one.
You might think a new car is better value
If we are honest, we will have to admit that nothing compares with a new car. They might cost you less at the end of the day against a used car in that a new car is less likely to break down and need expensive repairs. They usually have a limited guarantee period where the manufacturer should fix up any problems that are non accident related within a specific time frame after you have bought your new car. Also, new cars are fitted out with all the latest gadgets and safety equipment equipped for modern life and modern driving, like satellite navigation, wireless Bluetooth connection for your IPod and air bags, etc. This is a draw card for some buyers which probably quite a few used cars will not possess.
It’s up to you to decide
It all boils down to the fact that both used cars and new cars have their upsides and their downsides. It is an exciting prospect at the thought of buying a new car. You should ask yourself two questions, what do you want the car for and can you afford it. If you are willing to spend probably twice the amount of money on a new car that is up to you, but for those who opt for a used car for the benefits it brings, they are also making the right decision.
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