Used Car Or New One?
By purchasing a used car, you can save a lot of money. A new car depreciates quickly in the first few years and after 3 years, it is worth only about 60-70% of the original price. In fact, as soon as you leave the dealership, your new vehicle is suddenly worth $1000-$2000 less.
It's actual in general, a fresh automobile requires less maintenance in first few years and most of the problems occurred within the original warranty coverage period will be covered by the automobile manufacturer.
A new car may come with problems associated with poor design or manufacturing defects that may have been already repaired during the warranty coverage period if it's a used car. The same is true for all kinds of recalls and service campaigns. Yet, buying a new car does not always mean the buyer will get perfection.
Buying a used automobile is still a bit of a gamble - there is no assure that the automobile is accident-free, has real mileage, and was appropriately maintained. There may be some hidden problems like a worn out automated transmission, or mechanism problems that may not have been apparent when you test-drove the car.
Maintenance costs are higher for a used car and manufacturer's warranty may be already expired. However, used cars are more reliable these days and there are number of ways to reduce the risks associated with used car buying. For example, you can check the used car history records and have a used car properly inspected by a knowledgeable person prior purchase.
If the car qualifies, you can buy an extended warranty to protect yourself from unexpected repair costs. You also can opt for a manufacturer-certified used vehicle - many manufacturers now offer late model used cars under Certified Pre-owned programs where they inspect and recondition qualified used cars and often provide an additional warranty coverage with them. Check Cristian Truers's used car buying guide for more tips.