The Key Differences Between Buying a Used Car and a New One
I believe the main thing us consumers want when we're buying a car or indeed any product is a clear understanding what we're getting into in terms of the reliability of the product and any other factors which may change our purchasing decision.
Here is what I believe are the main key differences between the two choices; used or new.
The main points about used cars are as follows; 1.
The price will usually be considerably lower than a brand new car.
This is quite an obvious point but worth keeping in mind.
2.
The insurance can sometimes be cheaper on these types of cars.
3.
They don't usually have a warranty but some dealers do indeed offer these as an extra product.
4.
Used cars by definition would have a previous owner, which means the car will have a history; good or bad.
And the main points regarding a brand new car not covered in the list above are; 1.
A new car will usually have less repair and maintenance issues but obviously there are exceptions to the rule.
2.
There was a time where almost all brand new cars had to be 'run in', where you drive with low revs for a certain amount of kilometer or miles.
These days a number of new vehicles are already run in or simply do not require it.
But it is still worth checking to see if your particular model needs it or not.
And I would personally take it easy anyway when you first purchase the car.
Here are some tips for buying a second hand car; Check the price obviously, including any extra charges such as on road costs.
This is an important point as the price that the dealer or private seller lists will sometimes have addition costs involved to get it on the road for you.
These usually aren't prohibitively expensive but it's worth checking.
Finding out the history and current state of the vehicle is another vitally important factor when buying a used vehicle.
It may look fine on a quick look over and test drive but it might be hiding some mechanical and electrical faults.
Tip: A good tip here is to use a dealership that includes an independent check of the car prior to purchase.
If they offer this then they should be able to supply a report which shows details of the checkup including showing problems that may have been found.
If you're like many car buyers and need financing to purchase the vehicle then you may benefit from purchasing a payment protection plan on the loan.
These can protect the buyer in case they have problems paying back the loan.
Of course you have to weigh this benefit against the extra monthly cost.
Don't be afraid to ask questions.
The person selling the car shouldn't mind answering whatever questions you have about the car.
Here is what I believe are the main key differences between the two choices; used or new.
The main points about used cars are as follows; 1.
The price will usually be considerably lower than a brand new car.
This is quite an obvious point but worth keeping in mind.
2.
The insurance can sometimes be cheaper on these types of cars.
3.
They don't usually have a warranty but some dealers do indeed offer these as an extra product.
4.
Used cars by definition would have a previous owner, which means the car will have a history; good or bad.
And the main points regarding a brand new car not covered in the list above are; 1.
A new car will usually have less repair and maintenance issues but obviously there are exceptions to the rule.
2.
There was a time where almost all brand new cars had to be 'run in', where you drive with low revs for a certain amount of kilometer or miles.
These days a number of new vehicles are already run in or simply do not require it.
But it is still worth checking to see if your particular model needs it or not.
And I would personally take it easy anyway when you first purchase the car.
Here are some tips for buying a second hand car; Check the price obviously, including any extra charges such as on road costs.
This is an important point as the price that the dealer or private seller lists will sometimes have addition costs involved to get it on the road for you.
These usually aren't prohibitively expensive but it's worth checking.
Finding out the history and current state of the vehicle is another vitally important factor when buying a used vehicle.
It may look fine on a quick look over and test drive but it might be hiding some mechanical and electrical faults.
Tip: A good tip here is to use a dealership that includes an independent check of the car prior to purchase.
If they offer this then they should be able to supply a report which shows details of the checkup including showing problems that may have been found.
If you're like many car buyers and need financing to purchase the vehicle then you may benefit from purchasing a payment protection plan on the loan.
These can protect the buyer in case they have problems paying back the loan.
Of course you have to weigh this benefit against the extra monthly cost.
Don't be afraid to ask questions.
The person selling the car shouldn't mind answering whatever questions you have about the car.
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