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Flashing By - A Blog For Car Devotees


Why New Cars Are Better Value Than Their Used Counterparts

If you've recently passed your driving test and are in possession of a newly minted licence, then you may think that the world is your oyster. Certainly, exploring Australia is within your reach, and with thoughts of adventure, you may be looking at your car options. If you're still relatively young, however, money may be a challenge and you may be trying to decide between a new or used car as a matter of principle. Well-meaning advisers may tell you to go for second-hand, but this is not necessarily the best course of action any more. What should you be thinking of instead?

Does Depreciation Count?

Traditionally, people worry about buying a new car because of depreciation. They may have been told that such a vehicle will lose as much as a fifth of its value as soon as you drove it away from the dealer. This would be the difference between "retail" and "wholesale" in cost terms, and you simply wouldn't encounter this problem if you were to buy a second-hand version instead.

Value Comparison and Incentives

Nevertheless, this perception may not be accurate today, as certain categories of vehicle are retaining their value very well. This is especially true when it comes to sport utility vehicles or pickup trucks, where two- or three-year-old versions are not that much cheaper than a new one.

Furthermore, dealer incentives can make a significant difference to the cost of a showroom car, and this can come straight from the manufacturer or be applied through low or 0 percent financing. If you time your purchase well, you may be able to buy a brand-new car that has just been replaced by the latest model, but which is nevertheless almost the same.

Major Warranties

New cars will also attract a significant warranty, which will usually be in place for three years of its life. If you only plan to keep your car for that length of time, then you may not have to worry about repairs or replacements down the road. However, you're unlikely to get that type of coverage with a used car, and any savings you may make through purchase may disappear if you have to take it in for a significant issue.

Buying New Instead

Don't assume that the used version of a particular model is going to be the better choice for you. Instead, take into account all of the previously mentioned factors, as you may well be better off with a new version instead. Don't forget — you will also get that coveted new-car smell!

If you have questions about buying cars, contact an auto sales company like Blue Ribbon Motors.

About Me

Flashing By - A Blog For Car Devotees

Hello folks. My name is David Trent and I'm a professional sports photographer. I've photographed every sport imaginable, but I have a particular passion for car racing. There's something quite special about trying to get the perfect pic as a flash of metal speeds by at 300km/hour. Obviously, I adore car racing and I keep myself updated about the cutting-edge modifications being made to help drivers win. Mind you, I adore all types of car, and at one time, I had five of them in my garage. With some persuasion from my wife, I now only have two. I have decided to use this blog as an outlet for my car devotion instead. Fellow devotees, please don't let me down. Visit regularly for my posts, and help me spread the joy far and wide.

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