Tuesday, 19 January 2016

A New car versus an Used car

If you need a replacement car, you might want to look at our list that compares buying a new one or a used one first.
Buying a New Car
Pros - You don’t have to wait for a car that you want to be available, they come brand new. You have your pick of options and noone else has touched the steering wheel or sat in that seat. You don’t have to worry about car history either.
Cons
- New cars are definitely more expensive and value drops instantly after you’ve signed the dotted line. Feedback on new models is also harder to find.
Buying a Used Car
Pros - Cost is definitely a factor - you might be able to get a car that you like for a steal, and at cheaper interest rates too.
Cons -
The history of the car is in question here especially if the previous owner did not maintain or repair issues effectively. You may not pay actual value of the car either since sellers always try to make money when they sell.
You can find out more when you compare car financing rates with The Smarter Finance Company. Let us help you decide which one will fit you best!

A New car versus an Used car