New or Used? This is the question many people ask themselves when they decide to purchase a new vehicle. Both choices have their advantages and disadvantages but a new car is the better selection. A new car brings extreme satisfaction, reliability, lower costs, and most of all pride. These are all things that cannot be gained from a used automobile. At first, a used car may seem like it is cheaper and more satisfying, but this is not true.
The initial price of a new car is always going to be more than a used, but that does not necessarily mean it is cheaper. Car dealerships everywhere are always advertising â€œSixty months no interestâ€ or â€œNo Payments for 2 yearsâ€, on new cars. This is usually unheard of when considering a used car. Banks also offer significantly better interest rates when financing a new car as opposed to a used. In some cases, the interest difference is only a percent or two, but in the long run this is a big difference. On the other hand, the initial cost of a used car is much cheaper, but if you are financing it then the price gets closer to that of a new one, due to the difference in financing options. It may seem that the used car is a better deal, but that may not necessarily be the case.
Reliability and maintenance cost of an automobile are also big factors in owning a vehicle. Nobody wants to buy a new car and have to think about major problems. Used cars are usually sold â€œas isâ€, meaning that it has no warranty. New vehicles on the other hand do have warranties, which are usually valid for three and in some cases up to ten years, to take away the headache of having to worry about paying very costly mechanicâ€™s bills or having to be without a car. People who trade in their car usually do this because it has problems or a lot of miles and when you buy this car it becomes your problem. Again, the new car is the better choice.