What are the advantages and disadvantages of buying new and used vehicles?

When buying a new or used vehicle, you are always going to ask yourself, what are the advantages and disadvantages of buying new and used vehicles?

If you plump for a new car then you will always receive a warranty from the manufacturer, the car will be low maintenance and may not even need an MOT for the first 3 years. On the other side of the coin, new cars are far more expensive than used cars, new cars also depreciate in value the moment you drive it off the forecourt.

Used cars, or second hand cars as they are generally known, cost much less to buy and don’t lose as much value during the first 12 months of your ownership. On the other hand, second hand cars suffer from general wear and tear and could require more maintenance than a new vehicle. However, if you look after the car and keep on top of any repairs then you should encounter fewer issues.

Where can I buy a car from?

So you want to a buy a car, new or used but are unsure of the best places to look. These days you can buy a car from virtually anywhere. Unsecured Loans For You has provided a list of the more conventional places to buy a new or used car.

Dealerships – When you buy a car from a dealership, their cars are generally more expensive but they also come with warranties and a full service history. If you are also looking at buying a specific car, you are safe in the knowledge that the dealership will be able to source it for you.

Car supermarkets
– At a car supermarket you will be able to view a wide range of motor vehicles but as they buy in such volume, you may not be in a position to get the car you want. Like a dealership you will generally get a warranty and the cars will have full service history.

Second hand dealers – The main concern when buying a car from a second hand dealer is finding one you can trust. There are many ‘Honest John’ second hand car dealers but most could certainly lose the ‘honest’ tag. Ask around your friends and family to see if they can recommend a good second hand car dealer to you.

The Internet – Although not the ideal place to actually purchase a car (what about the test drive?), it is an ideal starting point to do some research. Sites like Autotrader and E-Bay have thousands of cars for you to peruse online before you actually go to see the vehicle.

Private sale – You may have seen a car bargain in your local paper, an ad on the internet or a friend of the family maybe selling a car you are interested in. If you decide to buy a car privately then try to get it checked over by a mechanic you trust, where possible the AA or RAC. You may also want to ensure the car is HPI clear before pressing on with the purchase.

Car auctions – If you know what you are looking for when it comes to cars then auctions can provide some great bargains.

If you are looking to buy a car and need help raising the finance, then Unsecured Loans For You can help. Just fill out our short application form at Vehicle Loans and we will endeavour to get you the best finance deal for your car.