USED CAR BENEFITS

Used car benefits include a good amount of money saved that can be put elsewhere, greater choice of cars, and easier buying process. You can buy costlier models that were always out of reach. The cons include maintenance costs, no protection from ‘lemon laws’ in case of frequent breakdowns, and the task of selecting a good vehicle in proper working conditions.

ADVANTAGES OF NEW CARS

A new car is the best option if you are looking for quality service and trouble free performance. The maker/dealer is also more likely to look into problems that arise with use.

• Warranty from the factory.
• Lemon law coverage.
• Good, low financing rates.
• Leasing options.
• A brand new car in the parking lot.

DISADVANTAGES OF NEW CARS

There is always a lot of money to be paid and associated costs attached to a brand new car. Depreciation kicks in hard in the first few years.

• Steep prices and monthly payments
• Depreciation in value takes place rapidly.
• The model would cost more or less the same anywhere.

PROS OF USED CARS

A good save on money and if the vehicle is certified and in good condition, a good deal can be made out of used vehicles for those with a tight budget. But one has to settle with whatever problems the vehicle carries with it, and repairs may not always correct all faults.

• Low prices and monthly payments.
• No fast depreciation.
• Get the same model or make at different prices.
• Greater choice in older models.
• Certifications and maker warranties for good condition vehicles.

CONS OF USED CARS
A brand new car comes with expectations of quality attached to it. This does not apply to second hand vehicles. One should also inquire into the reasons for selling the vehicle.

• Loss of quality service associated with the brand.
• No lemon law protection.
• Tolerate minor faults, and unknown problems.
• Finance rates are high.
• Vehicle may not last very long.
• History of accidents and faults.