Owning a car is considered important for the fact that it provides personal control to the owner. There is also the aspect of status that is accorded to car owners. But before you decide which car to buy one has to have specific factors to consider that would determine what car to settle for. The major factors include your budget and needs which will determine the type of car you will settle for. Do you want a brand new or a pre-owned car?
A brand-new car is that which has been gotten directly from the manufacturers without a pre-existing owner while a used is a car that has a history of one or two pre-existing owners.
What you need to know before purchasing a new car
Before choosing to settle for a brand new car, you will need to understand what it entails to own a new car or choosing the option of a pre-owned car. First and for most new cars are extremely expensive due to the new designs and safety features that they may come with and other charges associated with shipping and advertisement.
It is said that a new car tends to depreciate its value the moment it hits the road. The depreciation accelerates in the first one year thus if you choose to sell your car to another owner you cannot sell your car at the same price thus incurring a loss. This is set to happen in the first year of the purchase. Hence buying a used car will save one the agony of covering the depreciation cost.
This means a second car owner can sell his car at the same price he/she bought it to a third owner but the one who bought the car first as brand new cannot sell the same car at the same price he bought it to the second owner. Thus, buying a used car will save you money.
Even though a new car is guaranteed a warranty there are used cars with warranty. An article by Edmunds highlights some of the luxurious and Non-Luxurious Certified Pre-Owned (CPO) cars that have an extended warranty. Thus one can buy a used luxurious model at a lower price and still get the benefits of the warranty for a period of time thereafter include a cheaper warranty. This cost is way much lower than the original cost of a brand-new car.
In terms of safety features, when buying a brand-new model, you will have to go by the words of the manufacturers considering the safety measures and new design unlike when buying a used car, you have the privilege of getting reviews from the consumer directly.
Examples of Best Non- Luxury CPO programs, Other non-luxury CPO programs with almost similar warranties include Kia, Honda and Mazda and GM brands such as Buick, Chevrolet and GMC Luxurious CPO programs are Porsche, which has a two-year unlimited miles warranty coverage after the expiration of the new vehicle limited warranty which Porsche claims the scope of this warranty is at the same level as a new car. The similar program includes Lexus, Jaguar and Landrover.
This confirms the availability of used cars with warranties in the market. Both Luxurious and non-luxurious cars. The article is also informative and you’ll be in a position to make an informed decision during the purchase process.