| One aspect that many people often ponder while | | | | The most important disadvantage of a new car is its |
| purchasing a car is whether to buy an old car or go | | | | cost. New cars are really expensive in comparison to |
| for a brand new vehicle. According to available | | | | old cars. Apart from this, there are also other |
| statistics, three times as many used vehicles are sold | | | | associated costs while buying a new car. These |
| every year than new vehicles. Why do people have a | | | | include vehicle taxes and insurances costs that are |
| preference for an old second-hand car than a new | | | | also higher for new cars. Once the car comes out of |
| one? Before answering this question, one should have | | | | the showroom, it loses its value by almost 25 percent. |
| a clear idea about the advantages and disadvantages | | | | Old car |
| associated with an old and a new car. | | | | The biggest benefit one gets in buying an old car is the |
| New car | | | | cost effectiveness. Older cars are cheaper that |
| The most significant benefit of a new car is that it is | | | | newer ones. These are apt for somebody having a |
| equipped with the latest technology available in the | | | | restrained budget. Also, comprehensive and theft |
| market and has a comprehensive warranty provided | | | | insurance costs are likely to be low in case of old cars. |
| by the manufacturer. While some manufacturers | | | | However, the disadvantage of buying an old car is that |
| provide a warranty on the engine, others provide | | | | it does not carry any manufacturer's warranty neither |
| warranty on other major parts inside the vehicle. Apart | | | | on the engine nor on the battery. Since it is a used car, |
| from this, a new version is fitted with latest safety, | | | | one would not be aware of possible maintenance and |
| comfort and convenience features available. Being the | | | | repair that it might need in the immediate future. With |
| first owner to use the car, one who buys a new car | | | | regard to safety and mileage efficiency, older cars are |
| should not worry much about any technical or | | | | always at a risk since they do not carry the latest |
| mechanical problems that arise after accidents or | | | | safety features and other technical advancements. |
| rough usage. | | | | |