Buying a Used Car vs. a Brand New One – What Are the Pros and Cons?
The verdict on buying a new car versus an older, used one is not necessarily as clear as some might make it out to be. A lot of people will tell you that a cheaper, used car is a better choice when you’re on a budget, and that you can get excellent deals on used cars, depending on where you look and whether or not you have a dependable mechanic on your side to take a look at the vehicle before you buy it. However, many also consider used cars to be inferior and that, to avoid the lottery of ending up with a poor quality vehicle, it’s better to just save up and buy a brand new one instead.
Now, depending on your financial situation and preferences, you can be better off with either one of these choices. Buying a used car is indeed more efficient and less expensive. Moreover, you won’t need a clean credit score to get financing for it, and the car will be less likely to lose its value over the long run, in case you want to sell it in a year or two.
Unfortunately, used cars are also risky to buy, because they can come with a lot of subtle malfunctions that can turn serious and lead to thousands of dollars in repairs. Also, used cars don’t have the latest technological and safety features, so for a family vehicle, it’s usually best to go all out and buy a new vehicle. Be sure to get driver education from a driving school in Lakewood to obtain great driving skills.
