You have decided to purchase a vehicle, but you are not sure whether to go for a new or used model. This is a dilemma faced by many and it can be hard to choose. If you are not sure, this article will highlight some of the pros and cons of both options. Continue reading below to help you make your mind up.

New Car Guarantees

There is always a new car guarantee, one that ensures you drive off the lot in a quality machine that is in excellent condition. One of the best things about buying a new car is having a warranty to protect you in case something goes wrong. If you decide to buy a used vehicle from a private seller, you are taking a risk. If you are going to invest a lot of money in a vehicle, you want to be sure it will not break down after a short period.

Retaining Value

New cars are great as you know exactly what you are getting when you buy one, but they lose their value the moment they drive off the lot. Used cars in Canberra, which are sold by reputable dealers, retain their value. A preowned car keeps its value for longer, if you take good care of it, you will get a great price when you decide to resell it.

New Tech & Modern Features

There is no competition when it comes to new technology and modern features, a new vehicle always has the edge over a used one. You will pay more for a new car, but you will get lots of accessories and features that you will not find in an older model.

Financing Options

When you visit a reputable dealer, you can get some great financing options on both used and new cars. If you buy a used car from a private seller, you do not have many choices to finance your investment. You will get various financing options from a dealership, even on a used car purchase.

There are many pros and cons related to buying new and used cars, it all depends on your specific situation. If you want to save money, it is best to opt for a used car. If finance is not an issue, you should take a look at a new model. There is a good argument for both types of vehicles, so the final decision is down to the buyer.

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