Buying a car is a big step, they’re often your second most expensive purchase after a house, so you want to make sure your money is going to the right place. There are so many factors to take into consideration when purchasing a new car, but one of the biggest decisions you’ll have to make is whether to buy new or second hand. There are quite a few pros and cons to each option, so keep reading to learn more!
1. What’s Your Budget
You’re going to have to sit down and seriously think about your budget. Getting yourself into debt for a new car usually isn’t the best idea. So if you’re in a situation where you could buy a second hand car in cash, versus needing a loan for a new car, it may make more sense for you to go for the second hand car. I personally try to avoid debt as much as possible, so sit down and see how far your budget goes before you decide whether to go new or second hand. Take a look at this great Car dealer bond for some options nearby.
2. What Will You Use Your Car For
One of the important things to consider before you invest in a new or second hand car, is what is the main purpose of the car for? If it’s for a business, then you might want to go with a newer car because it will help set a better impression for your business. If you’re a stay at home mom who’s wanting an upgrade, it may be worthwhile to go for a car that’s secondhand until your kids are grown up and can be trusted not to ruin the car’s interior leather. Think about the purpose of your car before you get sold on the idea of buying new or secondhand. A new car can be a great poster if you add some 3d imaging on the outside of the car.
3. Maintenance Costs
Cars depreciate so much in their first five years on the road, that means that you can usually get a good bargain buying a car that’s around five years old. A five year old car will probably be considerably cheaper while still being relatively modern and have a lot of the great features that we’re getting used to such as a reserving camera, phone charging and the ability to sync with your phone’s media system. However one consequence of buying a slightly older car is that you don’t know the service history or how it’s been treated. Sometimes we can end up buying a dud that in the end costs us big time. I suggest taking your potential purchase to a trusted mechanic in order to get a professional’s opinion on the car’s condition and what likely issues will crop up with your vehicle.
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