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Buying New Car vs. Used Car
A car is an investment whether it is new or old. It does not come cheap and a significant part of your savings goes into buying the car. Due to this, it is important to understand the pros and cons of both and make an informed decision for yourself. Whatever decision you make will have a significant impact on your finances in the coming years. Our team of experts at Carswitch is always at your service and helps you in making a more informed decision.
Advantages of Buying a New Car
A new car is equipped with the latest technology, gives better mileage and lower emission. It comes with a warranty and a lot of dealers even offer extended warranty on a new car. During the first few years there is very little repair that the car will need. A periodic maintenance will be enough to keep the car running smoothly.
Disadvantages of Buying a New Car
The first factor is the cost which is higher for a new car as compared to a used one. The minute the car exits the showroom it starts depreciating which automatically brings down its market value. The road tax that has to be paid while buying a car is extremely high and makes up for a huge chunk of the cost. The insurance cost for a new car is on the higher side.
Advantages of Buying a Used Car
The car that you have been wanting for a while can be yours for a lesser amount as compared to buying a new one. Used cars for sale in Dubai depreciates much lesser than a new one. If the used cars for sale in UAE are still under the warranty period, then the ownership of the warranty can be transferred from one owner to the other. The buyer does not have to pay for road tax as it is already paid for. The insurance cost for the car will be less as compared to a new one.
Disadvantages of Buying a Used Car
A used car usually comes with outdated technology, features, specifications and design as it has been on the road for a while. As years go by, the car will be less reliable and ask for more repair and maintenance which in turn can usually drain a significant amount of your savings. The mileage that the car will give will be on the lower side when compared to a new one. Any legal issues come with the car as a package and stay till the very last day.
Buying a used car requires a lot more patience than shopping for a new one but like everything it comes with its own set of advantages and disadvantages. Quality and safety should never be compromised on while buying a car. Apart from this, it is always better to get a car that will serve the purpose rather than just buying a model that looks good. A convertible will be of no use if you are a family of six. Meeting various dealers and understanding what each one has to offer will go a long way in making a better decision. A lot of homework in terms of what the model of the car has to offer and what is the best market price is should be done so that no dealer can take advantage of you. Test driving a few cars also helps in decision making. The team at Carswitch handpicks each car for the customer and makes sure that you get the best deal in the market.
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