Should I buy a new car or a used car?

Should I buy a new car or a used car?

The decrease in your car’s value over time is one of its biggest costs. This happens at different rates, depending on the model and options you’ve chosen, such as the car’s colour and features. But by the end of the first year, a new car can lose around 30% of its value. Popular models with strong second-hand appeal usually have the best trade-in and sale prices, so keep your eye on current trends.

 

Choosing between a new or a used model can be tough. Here are some key pointers to help you make your decision.

 

Benefits of buying new

 

  • You'll have the latest model with up-to-date technology and style
  • There are often excellent deals available
  • You can add a new-vehicle warranty
  • You can choose exactly the right vehicle, with the features you love
  • You'll know the vehicle's full history

 

Benefits of buying used

 

  • Used vehicles are generally less expensive
  • You can get warranty and history checks at your Retailer
  • Used vehicles depreciate less than new vehicles
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