If you are deciding to buy yourself a new motor you may be wondering whether to grab yourself a used vehicle or a brand new one. Both type of cars have there benefits, but they both equally have there drawbacks, which we will now take a look at.
Although a lot more people buy used cars, it is slowly starting to change because of the facts that there are a lot of companies that are now offering good finance deals, whereas it is not only the rich that can now afford a brand new motor. But the ratio in which used motors are selling over brand new ones is still very much higher; but this being said there are still some main drawbacks with used motors, which are as follows:
Firstly used motors will not give you the latest gadgets and features that a new motor has the capability of delivering. Next although you may obtain a perfectly working car, it will be hard to find out about its past. The vehicle may have blown its engine, and had a completely reconditioned one placed in, or it may have been involved in a high speed accident and eventually been repaired. You can although still get many benefits from a used car especially if you are on a strict budget. Basically the cars will be a lot cheaper and you will be able to choose from a wide selection of motors.
If you ultimately decide to choose yourself a brand new vehicle then you will have to weigh out the pros and cons. Basically when buying a brand new car you will ultimately be getting yourself all the latest technologies as well as a guaranteed working order vehicle. You should have no problem for at least three or four years. But in this equation comes the downsides, especially if you are getting the car on finance. A basic example which I am going to give you is when you purchase a new top of the range car it could cost anything between six thousand and seven thousand pounds. If you obtain a finance agreement for 2 years, the price of that car at the end of the agreement could be slashed by up to 70%. That is a massive amount on which you could save yourself for a two year wait.
Whatever option you choose you should carefully weigh out the cons and pros of each. If ultimately you still find yourself in a hole you could always consider car leasing deals, which are now a very attractive option.