The big advantages of buying a new car are quite obvious: the car is completely new and no one has owned or driven it before so there’s no history to worry about. You can, of course, choose the specifications that you want (colour, engine size, equipment etc.). They’re entirely up to you and your budget! And the third advantage is that manufacturers always offer good finance deals and a full warranty package.
The other consideration is buying a new car is more expensive than buying the same model as a used car especially after the new car tax that started last 1st of April, and it always takes at least a month to take delivery of your new car.
Starting with the advantages, buying a used car is cheaper so your pocket will be glad if you choose this option. Another pro is that you avoid the depreciation issue. Every new car loses its value as soon as it leaves the showroom and at the end of the first year the value is a third less. Buying a used car also has the advantage that you have more cars to choose from as the range of second-hand cars is bigger compared to new ones.
On the other hand, there’re cons if you decide to buy a used car. First it’s the uncertainty about the history, you have to check the car’s history and of course you need to check the condition and test it before you decide to buy. Here’s our checklist for buying a used car on s1cars and Exchange and Mart.
If you buy a second-hand car, you can’t choose your specifications although you can always include some improvements, and another inconvenience is that a used car will probably be outside its warranty.