Connect with us

Cars & Vehicles

How to Decide Whether to Buy a New or Used Car

Just because you need to get your hands on a new car, it doesn’t mean you know which car you want. There are lots of different vehicles out there, which are practical for different reasons. The best thing you can do is spend a little time researching the different cars that are available and make sure you choose the right one for you. One of the biggest decisions for many people is what type of car to get. The choice between new and used cars is a big one, and one that many people struggle with.

Credit History and Down Payment Options

If you are planning to buy a brand new car then due to the expense, there is a high possibility that you are planning to put some of the cost on finance. You should only do this if you have a good credit history otherwise the amount you have to pay back will be high!

You also need to think about whether you can put down a deposit to help bring down the overall amount you have to pay back. Some places will even let you trade in your old car towards this cost, which is something that should be considered.

A Second Hand Car Will Keep Its Value

If you buy a brand new car then it will lose a massive chunk of its value as soon as you drive it off the forecourt. The amount that the car will lose varies, but it could be as much as half of its value. This is fine if you plan and can allow for this. For some people, knowing that if they sold their car at an hour old it would go for half of what they paid for it, it is enough to put them off.

When you buy a used car it has already gone through its historical ageing and drop in price. Buying cars from used Ford dealers for example will mean that you can sell the car more or less for what you paid for it, as long as it hasn’t aged too much and is in the same condition.

The Cost Of Repairing A Used Car

If you buy a second hand car then you have to be prepared for the fact that there may be some mechanical repair work that needs to be done to this at some point. When working out how much the car is worth and what to pay, this is something that you have to consider.

There are websites online that will help you work out the value for a second hand car, so it is well worth looking at this before you decide what to buy and how much to spend. You should, if possible, take someone who has a little mechanical car experience with you to buy the car so they can check it over for you before you part with your hard earned cash.

What you also need to think about is what you’re going to do without a car whilst these repairs are going on. It is all well and good planning in to spend more money on your car, but would you be able to cope if it were in the garage for a couple of days and you were unable to use it?

Whichever option you take, I hope you are very happy with your new purchase and you enjoy many miles together!

Sharing is caring!

Continue Reading
1 Comment
Advertisement

Popular How To Guides

Health1 week ago

A Precious Ecosystem in your Guts – How to Replenish It?

It was a prominent belief amongst the ancient Greeks that all diseases begin in the gut. Medicine has come a...

Business2 weeks ago

How To Ensure Speedy And Constant Business Development Right From The Start

“Do not be afraid to hire or promote outside of linear experience and exacting parameters,” said the C.E.O of Collective,...

Technology2 weeks ago

Don’t Crash The Party: How Do You Ensure Your Site Stability?

Determining Essential Areas Of Concentration There are a lot of different ways to ensure your website is at its highest...

Business3 weeks ago

Smart Ways for Big Businesses to Cut Back on Big Costs

Running a business is by no means easy. It not only requires hard work and a fair amount of smarts,...

Other1 month ago

How To Reverse Image Search

Sometimes, words just won’t cut it. You’re looking for a specific type of image and for whatever reason, you just...

Business1 month ago

How To Be A Good Leader

Good leadership is one of the most important factors in any successful endeavour. Whether it’s a business venture you’re trying...

Non Featured1 month ago

How to Search on Google Like A Pro: 32 Amazing Tips

Over the course of the past decade, Google has transformed from a small company to a full-fledged technology giant. Although...

Games / Video Games1 month ago

How To Gaming: Is Mobile Gaming Revenue in India on the Rise?

The Indian gaming industry has been witness to some remarkable growth milestones in the recent years. As one of the...

Trending