Buy a new or used car: what will help solve the dilemma

When it comes to choosing between buying a new or used car, drivers often hesitate because they are afraid of making a mistake. But there is no universal solution, it all depends on your needs and preferences.

OBOZ.UA has taken a closer look at this issue. Compare all the pros and cons of a used and a new car.

Used car

Advantages:

• Affordability. The price has a significant impact on the decision. Used cars are much more affordable, and you can find a good deal online or at car markets.
• Insurance. You can also save money on insurance because used car rates are much cheaper.
• Cost. A new car loses 20% of its value during the first year, and after five years, this figure rises to 60%. This means that you can find a vehicle that is only a year old and pay 80% less than the original price.

Disadvantages:

• Technology. If you want a car to be equipped with modern technology, then used models will not provide it.
• Maintenance. You need to regularly check the condition of the car to avoid serious breakdowns, which will take not only your time but also money.
• Honesty of the seller. Be sure to check the car before buying it. Of course, you won't know how the owner handled the car, but you can take it to a service station so that the mechanics can check its serviceability and tell you about any problems.

New car

Advantages:

• Modern technologies. The car from the showroom is equipped with the latest technology and necessary safety features. Purchasing a new vehicle gives you access to the latest innovations in technology.
• Breakdowns. You will spend less time and money on maintenance because, with careful driving and a careful attitude, the car will not break down as often as a used one.
• Equipment. You can choose the equipment of the car yourself. It all depends on your budget and preferences.

Disadvantages:

• Price. Of course, the price of new cars is higher. If you choose a luxury car, you will most likely pay much more than the average price.

• Insurance. You will have to pay more for insurance for a new car, which will increase your regular expenses.
• Cost. New vehicles are prone to a significant drop in value, especially in the first year. Therefore, if you want to sell the car, you will lose a significant part of the amount.

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