If you’re a thoughtful spender and also want to make best use of your money, you may consider purchasing used cars to save money. But, it is not the most wise option today. In fact, shopping for a new car is considered to be a alot more economically viable solution today. This article gives the discussion on why experts are advising people to opt for new cars instead of a second hand car to save money.
* Better incentives on new car – Currently, the market for second hand cars is up by simply about 23% whereas new cars sales are lower by 34%. As a result, going by the law of demand and supply, prices for pre-owned vehicles are higher whilst the dealers are forced to offer considerably more sops and also credits for the new car customers.
* Better finance on brand new car – Credit terms are lot less difficult than these were about year or maybe 2 ago. If you’re an smart buyer you can compare finance terms given by many banks plus credit unions as well as bargain for a good offer.
* New cars are far more fuel efficient – Technology advances by the day, still these days, carmakers are working harder to provide consumers far more fuel-efficient cars to help them sail through the difficult economic times. Loads of auto manufacturers are coming up with hybrid along with clean-diesel makes of their car since these are a whole lot more economic on fuel plus help people save money. Other than, carmakers are now developing six gears unlike 3-4 gears of yester years which in turn additional boost fuel efficiency. Given the high cost of fuel today, it seems sensible to purchase a new fuel efficient car rather than fuel-gulping used car.
* New cars are far better performing and furthermore long-lasting – New cars are furthermore made to be even more powerful plus longer lasting thereby which makes them more economic as compared to investing in used cars.
* Used cars might need much better repair cost – One of the greatest downside of buying used cars is that it’s best years has already gone by when you buy them. Old cars might thus need expenditure on servicing. Besides, it will be a hassle if the car stops down when you’re on your way for an important meeting.
* It’s hard to select a good used car – Purchasing a well-maintained used car is not every person’s cup of tea. There are lots of scrupulous car dealers out there on the market looking to pass on a terribly maintained car at a high price. You certainly need to be smart to pick a affordable, well maintained car. Thus, if you aren’t clever enough your used car will turn out to be much more costly that you believe.
As a result, today, buying new cars make much more economic sense than buying used cars. However, this situation may not last long. Once the demand for new car rises, the offers are bound to go. Other than, these more fuel-economic new cars make come in the used car market in a year or so; hence it will make alot more sense to order second-hand cars.
Moreover, in case you are buying posh cars such as BMW it still makes financial sense to buy BMW used car as compared to new BMW cars. This is due to you have the option to buy Certified Pre-Owned (CPO) BMW cars which come with the manufacturer’s certification as well as additional warranty so you are sure of your investment. Furthermore, BMW autos are great in performance plus long-lasting, which makes it monetarily viable to invest in BMW used car if you don’t want to buy a new car.
Auto Expert 