Is It Better To Buy Used Cars?

There are plenty of online resources when it comes to buying used cars (see for example here ) but the question remains whether it is better to buy used…

One of the biggest questions asked by prospective car buyers is whether it is better to buy a new or a used car. There continue to be proponents for both sides of the argument so rather than pick a side, we decided that today we would be diplomatic and highlight the positive and negative points to each option…

Buying a New Car

• Less maintenance expenditure
• The possibility of a warranty
• That new car smell
• Potential higher safety ratings and features
• Ridiculous depreciation as soon as the car is driven off the lot
• You can get a car that is made to order to your specifications
• There is no chance that your new car has been abused by previous owners
• The potential for higher fuel efficiency

Buying a Used Car

• Budget friendly
• An existing track record for the make, model and year of the car in question
• Less depreciation than with a new vehicle
• Lower monthly payments
• Potentially lower insurance rates

So what do you think? Are you a supporter of new cars or do you prefer to buy the older models?