Should You Buy A New Or Used Car?

This is a guest post that was generously contributed by Dan Bodrero of Seat Covers Unlimited.  I hope you find it useful, as many Massachusetts car accident victims are forced to purchase a vehicle following a serious Massachusetts car accident:

Should You Buy a New or Used Car? The Pros and Cons

Thinking about buying a car? Wondering if you should buy new-to-you (used, that is), or a car that's not only new-to-you, but new to anyone (as in brand-spanking-new)?

Below are the pros and cons:

The Pros of Buying New

For some people, that new-car smell just can't be beat. In addition, you can pretty much pick out whatever color, model and add-ons you want with a new car. With a used car, you can't ask for side air bags, for example; either they're there, or they're not.

New cars also can give you some peace of mind. If the car turns out to have problems with it soon after you purchase it, you're protected by "lemon laws" which require that a car dealer or manufacturer fix or replace your car should there be mechanical problems with it. Or, if you're disgusted with the car as a result of its problems, the dealer/manufacturer must refund your money. Used cars? Unless a used car dealer offers some type of warranty or guarantee, what you buy is what you get.

Speaking of warranties, new cars come with multi-year or multi-mileage warranties. Should something go wrong with the car that's covered by the warranty and within the warranty's time frame, the dealer or manufacturer will fix it at no charge to you.

So long as the car has no major problems (re the lemon laws), a new car won't need major repairs for quite some time. It will be several years until your vehicle needs big repairs such as new brake pads or an alternator. In addition, some dealers -- to entice people to buy from them -- will include free regular maintenance (tune ups and oil/filter changes) at no cost.

The Cons of Buying a New Car

New cars depreciate in value immediately after you drive them off the lot. Some see their value depreciate by several thousand dollars.

And, speaking of cost, new cars can cost a lot more than a used car. Many "reasonably" priced cars today go for $25,000 or more, while a decent used car can be found for $10K-$12K (possibly even less if the buyer has the time to research and hunt for a good deal).

In addition, it will cost you much more to insure your new car than it would be to cover a pre-owned vehicle. You always should check with your insurance company before buying any car to get an idea of what the coverage costs will be. You can call your agent with the year, make and model of the vehicle you're considering and your agent will be able to give you a good coverage ballpark. Be prepared -- insuring a new car can be $100-$200 or more a month than covering a used car.

About the Author: Dan Bodrero is the owner of Seat Covers Unlimited, a custom seat cover manufacturer in Mesa, AZ.  He can help you find truck and car seat covers to fit any make/model of vehicle you own.

Comments

[Stanley]

Nice article shared , this will help many of the car buyers to make right decision.If buying used car then it is essential to take the assistance of car yards.

[Dealership Penciling]

It depends on your affordability and reason to choose to buy either new or used cars. Both of them have advantages and disadvantages. Sometimes new cars are greater compared to used or vice versa.

[Danny]

Thanks for the insightfull tips.
I just had to share this with you. It has helped me in my recent search for a new used car, and cut the time it took me to find it. It's a Global search engine for used cars. It even gives you an alert for when the ca your after pops up in an ad. have a look yourselves www.ooyyo.com

[Ivo Beutler]

Buying a new or used car depends on your budget and skills. If you're willing to save a thousand of bucks and go for a brand new car, you may do so. But if you want to be practical and you're comfortable with older models, then you can go with the used cars.

[Timmy Radloff]

It depends; you can save a big amount if you buy a used car. The money you save can be spent on other things like milk for your baby, LOL.

[Tari Ledsome]

Let's consider every step that we need to buy a used car. But the most important factor you have to consider is the satisfaction of you and your family. If a car makes you and your family feel good, then that's a good ride to go for.

[Junior Perrera]

Maintenance and repair costs should also considered when buying a used vehicle. Also remember to only negotiate with dealers of quality used cars.

[Dosya]

That was drunk policeman in Audi-80. After accident he kept running but was stopped by driver of BMW. 16-years old girl died in hospital after several surgeries.

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[red bottom]

I follow you VIA GFC and I love your blog!

[Massachusetts Lemon Law]

Great information. I like to buy a new car so you don't inherit old problems. Plus most states only have lemon law for new cars and not used. God forbid anything was to be wrong with your car, at least you'll be covered.

[Used Cars Minneapolis]

depends; if money is no object and you don't care about value then buy new. If you are worried about depreciation buy used.

[Hire a car in Dubai]

Thanks for the kind words poo, this is incidentaly my fav post also. keep on chekng, more stuff coming.
Hire a car in Dubai