Are you planning to buy your Dream Car this year? Do you know what to look for in a car unit – Brand, design, number of seats, color or if it is Brand New or Pre-owned?
We definitely have our own preferences when it comes to color, design, etc. While, when it comes to choosing between Brand New and Second-hand unit, there are things that we should consider before making a decision, so you won’t regret your choice later, although brand new cars and second-hand cars both have pros and cons.
Here are some of the things we certainly think you should consider:
Time
If we are talking about the speed of purchase, buying a brand new car is fast and easy compared to buying a pre-owned car. It definitely has standard pricing and repair guarantees that help buyers in choosing and deciding fast. Meanwhile, you definitely need to search the unit you are going to buy, if it is not a new one you’re looking for. How’s the color and the condition? Is the interior and air conditioner okay? Who were the previous owners?
Price
It is clear that the price of pre-owned car units are lower than brand new car units because the value of cars depreciates over time especially if it is used. If you are going to buy a second-hand unit, you can save from 10% to 70% of the market value of the vehicle that you want. It is also not covered by the Automobile Tax Reform which imposes 2% to 4% excise tax – at least for now, but it may actually increase in the future.
Condition
Brand New Car wins if we are talking about peace of mind in terms of the condition of the vehicle. However, it doesn’t mean that Pre-owned cars are not quality. It is better that you buy Quality Pre-owned Cars in trusted car companies or dealerships.
Insurance Premium
The insurance premium of pre-owned cars are lower than that of brand new cars, in relation to the depreciating car market value. Although, the insurance rates for older vehicles are higher, depending on the actual age and its claims history.
Usage
Are you going to use the car just for your daily office transportation, or do you need the unit more for the entire family’s use? This is important because if price is considered and you need to use the vehicle for the whole family, a large second-hand unit may be a better option, compared to a brand new sedan unit, which may be of the same price.
Bottom Line
At the end of the day, you need to decide what the best option for you is, whether it’s a Brand New Car or Pre-owned Car.
If a second-hand car is what you’re looking for, look nowhere else but here.
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