| As time goes on and car manufacturers continue to | | | | The potential for loss on a vehicle is also much less on |
| produce more stable and reliable vehicles, the question | | | | a car that has had several previous owners in |
| arises that is there any benefit in buying a new car | | | | comparison to a vehicle that has had just one owner. |
| when a used car has many benefits? | | | | As mentioned earlier, a large chunk of the vehicle |
| I can think of many occasions when friends and family | | | | value is lost once it has left the dealership, and |
| have chosen to part exchange in their existing vehicle | | | | continues to decrease steeply over the first few |
| for a new one every year or two, but nowadays it | | | | years. However there usually gets to a point when the |
| seems as though you are no better off buying a new | | | | vehicle levels out and doesn't lose as high a |
| vehicle than you are by purchasing a used one, and I'll | | | | percentage of its' value year on year. This is where |
| try and explain why. | | | | the money loss from buying the vehicle to when it is |
| Anyone who has ever bought a new vehicle and has | | | | sold can be a lot less when choosing a used car. |
| come to the point of selling it some years later, has | | | | However, this isn't to say that brand new cars are not |
| probably been in the situation where they'll ask "Is that | | | | worth looking at should you wish to. You can have the |
| all it's worth, I paid X amount for it only two years ago". | | | | peace of mind that you are buying a new car with no |
| This is because the value of a new vehicle falls | | | | problems and rest assured that it is a vehicle without a |
| dramatically as soon as it is driven out of the | | | | hidden past, and it also may be important to you to |
| showroom. | | | | drive a new vehicle. You can also of course purchase |
| Furthermore, if value is important to you, finding a | | | | any upgrades available for your car and virtually have |
| bargain of a used car can be very satisfying, and also | | | | the car made to your specification, within reason. |
| financially rewarding. There is sometimes the | | | | In summary, due mainly to manufacturers and |
| conception that buying a used vehicle can be risky and | | | | engineers, the durability and reliability of previously |
| that it will end up with one problem or another, although, | | | | owned vehicles means that they are no less a value |
| the skills of engineers over the past years has shown | | | | than a new car. As the price of new cars climbs, the |
| to produce cars that are more reliable and more | | | | popularity of used vehicles looks to continue to soar |
| maintenance-free than ever before. | | | | higher than ever. There are benefits to buying both |
| Even though this is possibly the case, the importance | | | | types of vehicles, either new or used, but one thing for |
| of performing vehicle checks on used vehicles is high, | | | | certain is that previously owned vehicles are more |
| as it can highlight any hidden past that a vehicle may | | | | reliable than ever. |
| have and also show any potential problems. | | | | |