Once you've decided to buy a car, there is one question that keeps on nagging you (beside your budget) is whether to buy a used car or a new car. There are advantages and disadvantages to both and we try to give you a low down of both sides of the story. While the truth of the matter is that you might be enticed to buy yourself a brand new car, the money you would have to put on it, might be enough to make you re-think. You also need to realize that there is no shame in buying a used car for, at the end of the day, it is a good option. Here's the list of Pros and Cons for your overall perspective.
Pros of buying a New Car
There is no other joy than buying a spanking new car from the showroom and calling it your own.
You don't have to worry about matters like Insurance, RTO Registration et al as all of these formalities are taken care of by the dealer
You won't need to worry about any history of accidents or other legal matters
You can get the latest feature-packed edition of the car of your choice
Cons of Buying a New Car
The cost of a new car itself will leave a deep vacuum in your pocket
A new car starts to depreciate from the time it leaves the showroom so you can imagine, so yes that quick!
The insurance premium you pay on a new car is significantly higher than that on a used car
Pros of Buying a Used car
It's an ideal buy if you are looking at a budget that doesn't burn your pockets inside out
The insurance premium paid on a used car is lower than a new car
A used car does not undergo a significant depreciation as a new car and hence based on the 'brand value' will eventually fetch you a good resale value
Cons of Buying a Used Car
Unless the owner is very meticulous in keeping records, there is no way of knowing what the car has gone through with regards to service and maintenance
Maintenance too goes to the higher side because the car has been used over a period of time and the parts might have deteriorated
A used car cannot be compared to a new one because it hardly gets any latest equipment and you'll have to make do with what may be archaic
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