If you’re on the market for a vehicle, you can either go for a new car or get a used one. Some people will only consider buying new while others will refuse to pay full price for a vehicle when they can get a slightly older model for less. While both sides have their merits, you can’t be stubborn. It’s much better to look closely at both options before you make a decision. Let’s take a look at the pros and cons of buying a new vehicle vs a used one and some tips for getting the best deal possible.

The Pros and Cons of Buying a New Vehicle

The biggest benefit of buying a new car is that you’ll be the first one driving it and so you won’t have to worry about its history. You’ll also enjoy a full warranty which could extend to eight years or more on the vehicle.

There are often perks that come with buying a new vehicle straight from the dealer too. Some dealers will have special servicing packages, or they will allow you to join an exclusive club. These clubs could get you deals on everything from fuel to everyday items, so that’s something you’ll need to look at too.

Young happy man showing the key of his new car in a car dealer saloon

The downside of buying a new vehicle is that you’ll have to deal with depreciation. The car will lose about 15% to 30% of its value the minute you take it off the lot, so that’s something to consider.


The Pros and Cons of Buying a Used Vehicle

The beauty of getting a used vehicle is that you can wait until the depreciation is slowing down and get a vehicle that is still recent for a fraction of the price. This could allow you to save money on the vehicle or get a much better vehicle for the same cost. The biggest problem with buying a used vehicle is that you will never be 100% sure about its history. This is especially true if you get the car from an independent seller. Buying a car out of warranty also means that you’ll have to pay for major repairs out of pocket.

How to Get the Best Deal on a Used Vehicle

If you want to go the used route, the best piece of advice we can give you would be to stick with reputable dealers. The only exception here is if you find the deal of the century and have a good knowledge of cars. Outside of that, we would suggest that you go with a dealer with years of experience in the business and a stellar reputation. If you happen to live in Wales and are looking for a used car Wales, Bob Davies Car Sales is a good bet. Services like these can provide warranties on older vehicles so you know you won’t be getting an old banger. They also have a reputation to preserve, unlike independent sellers.

If you are still torn between buying a new or a used car, consider your budget first. No matter what you do, make sure that you go with someone you can trust and always read the fine print before agreeing to anything.

Image Source: BigStockPhoto.com (Licensed)

 

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