New Or Used Car: 8 Tips To Determine The Buying Decision

new or used car

Determining factors which influence your decision on buying a new or used car:

There are a lot of features which influence your decision while buying or planning to buy cars . You can buy new or used car based on different determining factors. To make some great deals you can keep these factors in mind while planning to buy or change a car.

1) Budget:

This is a biggest deciding factor when you buy or plan to buy a new car. You need to work on this factor extensively so that budget issues don’t create problems further. Decide whether you can afford pay in all cash deal or you would prefer installments for a certain period of time.

2) Needs:

You need to work out on your needs and requirements related to the car you are planning to buy. You can buy a bigger used car in the same budget in which you are buying a new car so keep in mind the requirements from the car. You should also keep in mind the fact that whether you are going to use the car for city roads or highway driving, as it will help you to take better decision.

3) Fuel economy:

It is considered that new cars give better fuel economy but if taken care well even used cars come with great fuel efficiency features. Know the fuel economy of the car so that it doesn’t make the big holes in your pocket in the name of operational cost.

4) Maintenance:

New cars cost very less in the name of maintenance whether at the same time used cars may cost you high maintaining it well. Despite that, some well groomed used cars cost very less even they are run for years so all you need to do is to find one suitable car for you to make a deal.

5) Insurance & other expenses:

Insurance cost high in used cars it happens for sure. Normal wear and tear in used cars may remain same so you need to check your decision on this factor too.

6) Type of a car:

It is said early that you can afford bigger used car in the same budget in which you are buying a brand new car. Check kind of a car you want to buy, know your preference and choice when deciding upon your kind of a car. Check your need at the same time.

7) Resale value of the car:

New car generally gets depreciated by almost 20% in its very first year. In the case of used cars when you buy them you get them at depreciated value already thus when you sell used cars after using for some time you get better value compared to selling new cars in the second-hand market.

8) Safety features & Warranty:

Most new cars come with advanced safety features and extended the warranty to cover your car damages for a long time. In fact, in today’s time when people change their cars in the very short span of time, you can find almost new built cars easily in used goods market at affordable price. Keep these things in mind while deciding whether you are going to buy new or used car.

Now what’s your choice new or used car?

If you want to share any other suggestion, please comment below.