The used car market has witnessed a sudden sales boom due to the spike in COVID-19 cases worldwide. The used car market is also ideal for new drivers and those seeking quality vehicles within their price range. But are these automobiles actually worth the price? The benefits and drawbacks of buying a used car will be discussed in today’s article.
Pros of buying a used car
They are cheaper
For obvious reasons, pre-owned or used vehicles are cheaper than brand-new cars. The price of these vehicles varies depending on the make, model and year, but will be 10 to 70% lower than their original price, except for some classic and luxury cars. Their prices may also depend on the vehicle’s age, overall condition, and fair market value. That’s why it’s important always to compare options when shopping for a used car to see which one best fits your needs and budget.
Low Insurance rates
Because of the depreciation, used car insurance rates are lower. Unfortunately, some insurance companies refuse claims for cars over 10 years old.
You can customise them
Sometimes, the new vehicle owners wait until the end of the warranty period and then customized. Any modification during the 3 to 5 years following the purchase will void the warranty. If the used vehicle you want to buy has passed this deadline, you are now free to customize your vehicle. This opens up these vehicles to customization without fear of breaking the manufacturer’s warranty.
Also Read: Where can you Find Audi Auto Parts in Dubai?
Cons of Buying a used car
High maintenance cost
When it comes to used vehicles, you should be aware of their hidden problems. Expect them to be a little rough around the edges and have some sort of small hidden damage. These won’t be groundbreaking and can sometimes be easily fixed, other times they can be a huge problem. Therefore, bringing in a reputable mechanic and checking the official car documentation is highly recommended. You might need to replace the spare parts unexpectedly in a used car.
There are different ways to learn about a car’s history. You can request original and complete documents containing service history.
Cars with better technology are produced every year. Vehicles switched from CD players to Bluetooth connections via auxiliary sockets. A used car you purchase will likely have outmoded and unreliable technology. You might be forced to use an old-fashioned system.
Maybe less secure
Every year, safety regulations are updated, and as the laws get better, automakers are compelled to follow them. These new regulations have led to the development of new safety features, like tyre pressure monitoring, which is now standard on all newer cars.
If you buy an older model, chances are you’ll end up with a less safe car as it may not meet the latest safety requirements.
Lower energy efficiency
One of its main selling features is the mileage of the car on the highway and in the city. New models are added every year; today, some vehicles can get an astonishing 30 or 40 miles per gallon (mpg).
If you’re buying a used car, there’s no guarantee you’ll get a vehicle that will cost more than 20 or 25 mpg – although it depends on make and model.
Little or no funding
Saving enough money is one of the most challenging aspects of purchasing an automobile. Most of us must finance the automobile since we cannot buy one outright. Unfortunately, it’s possible that you won’t be able to find trustworthy financing when buying a used car.
In some cases, you don’t know who owned the automobile before you. This is one of the major issues with secondhand autos. The person who drove it to and from the store may have been an old woman, or it might have been a rambunctious youngster who never had the oil changed. Whoever you buy it from may not be telling the truth when they claim the oil has been changed regularly or if the car was serviced properly.
When you purchase a new automobile, mechanical problems are typically not a concern for a long time. It’s safe to say that you can probably drive for a few years without ever experiencing a mechanical failure, but with used cars, nothing is ever guaranteed. It might malfunction as soon as you leave the parking lot. A motor bearing could fail or the transmission could suddenly slip. The worst part is that you would have to deal with these issues alone.
Wrap-Up: The Pros and Cons of Buying a Used Car
Every person searching for the ideal car is troubled by this query. You can be unsure about whether to buy a new or used automobile if it’s time to buy a new one. There are both pros and cons to both decisions. Please take a decision based on your preference.