Explain the advantages and disadvantages between buying a new and used car?

Question

Explain the advantages and disadvantages between buying a new and used car?

Answer 1

Advantages to buying a new car:  It's in top condition, it will last longer, it has cutting-edge technology, and probably more mileage.

Advantages to buying a used car:  It's CHEAPER!  It won't depreciate in value as rapidly as a new car.

My advice, buy a used car that costs between $8,000 and $10,000.  Cheap, usually runs pretty well and even if a fixup is necessary it will still be worth the savings.  You'll get more for your money and you won't have as much debt if you borrow to pay for it.

Answer 2

New car obviously advantage of being new (du'h lol) and warranty so you dont have to worry about anything going wrong (so companies offer 5 yr unlimited km warranties)  but the disadvantage is the extreme decrease in value you lose when you drive it out of the dealer ship.

I bought a brand new Holden Rodeo in '00 and sold it 2 years later fot $8500 less then I bought it for and it was immacualte with only 28000km on it.

Unless I win power ball, ill never be buying a new car again, let someone else buy it and take the huge loss!

Answer 3

Advantage new: You're the first one to drive it so you know how it has been treated. You can have it ordered to the options that you want.

Advantage used: You can get much more car for your money(used Infiniti G35 for the price of a new Civic for example).

Disadvantage New: You'll be taking all of the depreciation

Disadvantage Used: You may not know the prior owner history of the car.