13 Jun 2019
a person holding car keys

Considerations when deciding between a new and used vehicle.  

Buying a car is a big decision – especially if you’re trying to work out whether to go brand new or second-hand. For many, buying a brand new car is a dream situation. It’s clean, shiny, and you are the first owner. For others, they want to conserve money by buying a decent, used vehicle. To help you decide, we’ve listed a few pros and cons of each.

New Car

Pros:

  • You can get the exact specification of car that you want
  • Generally speaking, new cars are safer and more fuel efficient thanks to the latest technology
  • You’ll be covered under a manufacturer’s warranty
  • New vehicles tend to be more reliable because there’s no previous wear and tear

Cons:

  • Newer vehicles are more expensive to purchase
  • New vehicles are more expensive to repair and replace, which means insurance costs may be higher
  • Most new cars lose up to 60 percent of their value in the first three years. If you choose to sell the car on, it’s unlikely you’ll be able to make back much of the money you’ve paid for it

 

Used Car

Pros:

  • It will be cheaper than buying a brand new car
  • It helps your chances of affording a higher spec of car
  • It doesn’t lose as much value as a new car, meaning you can make some of your money back when selling it on
  • It’s yours straight away

Cons:

  • You do not know the car’s history
  • Buying a used vehicle privately means it may be difficult to go back to the seller if something goes wrong with the car

 

Whatever avenue you decide, be sure that you secure reliable insurance once you have your hands on a vehicle. Talk to the team of professionals at Sausman Insurance Agency for help finding the right rate and coverage to suit your needs. We serve Mifflintown, Millersburg, Lewistown, and beyond with quality auto insurance coverage.