Buying a new car comes with its own perks. These benefits can never be availed in the case of used cars.
1. Freedom of Choice
You are your own boss and the sole owner when you buy a new car.
You are free to choose from a wide variety of automobiles listed as a manufacturer vehicle, be it in size, price or color; you can test them all. Further, you can equip it with whatever features you want, like upgrading your audio, communication or entertainment system.
2. Strong resale value
New vehicles are always in high demand and have a higher value. For example, new cars that sell for more than the dealer’s price indicate stronger resale values and less depreciation.
3. Better finance rates
While a used car may, at an initial stage, cost less than a new one, the interest rate you pay later will be likely higher. To elaborate, you wouldn’t get the low-interest financing or cash rebate that is usually offered as an incentive to new car buyers. Further, financial institutions usually charge a higher rate of interest on loans for used cars, typically a full percentage point or two. However, some of the automakers’ pre-owned certified programs offer discount financing.
4. Used up
Rental cars are known to receive wear and tear in a short span of time, decreasing their mileage and warranty. This makes them an unfit option as compared to their counterpart.
5. Available features
When you buy a used car, you get to experience all the latest features and technologies that the manufacturer offers. These new features are installed with an intention to make a customer’s driving experience more happy and satisfying.
Conclusion
Consider the points mentioned above in case you are confused between buying a new or a used car.
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