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Car Wars Wednesdays: New vs Used Cars

August 19, 2015

It’s hump day and we’re finally on the home stretch to the weekend. If you’re in need of a mid-week pick-me-up, today’s Car Wars is guaranteed to get you on track. In today’s battle, new and used cars go head to head – and we can’t wait to see what both parties have to offer.

Whether you’re a first time buyer or you’re just in the market for a new set of wheels, we’re breaking down the pros and cons of buying new or used cars – and helping you decide which is the best option for you.

Should I buy a new or used car?’, you ask. The answer is that it all depends on what you’re looking for – and in today’s edition of Car Wars, we’ll help you make up your mind.

Buying a New Car

New Audi A4

Original image by Nick Preston

There are several advantages that come with buying a new car; not least that you’re the first ever owner. This means you remove the risk of wear and tear that comes with secondhand cars and there’s no uncertainty over the vehicle’s repair history.

With a new car, you get to choose exactly what spec you want, rather than what’s available. So from passenger capacity and body colour to boot size and technology, you can choose the trim that best suits you and your lifestyle.

The automobile industry is rapidly evolving – and thanks to efforts to go green and advances in technology, newer cars are more economical and safer than ever. A downside to shelling out for a brand new car is that your vehicle begins to lose value from the second you drive it off the forecourt – so be prepared for a depreciation hit.

Buying a Used car

VW Beetle

With the 2014 Used Car Market Report showing that used car sales rose for the fifth year in a row, there’s still plenty of demand for secondhand motors. Many buyers find opting for a used car to be a cheaper and easier alternative to buying brand new – but cars that have had several previous owners come with some associated risks.

If you’re buying a used car, you can never be certain that you’re getting an accurate service history. It’s relatively easy for sellers to mislead potential buyers and cover up faults – and this can end up being dangerous and costly for the new owner.

While there are risks that come with buying a used car, there are also several benefits. If you’re looking for a more retro or vintage car, buying used is a great idea – as older cars come with bags of character.

Verdict: In the battle of new vs used cars, there is no winner. Your choice of car will be totally dependent on what you’re looking for from your new wheels, and the possibilities are endless.

New and Used Car Finance

Whether you decide to buy a new or used car, shelling out for a set of wheels can be expensive – but that’s where we can help. At the Car Loan Warehouse, we offer flexible car finance deals to suit a variety of makes, models and budgets – meaning you could be driving away in your new car sooner than you think.

Still undecided on whether a new or used car is the best choice for you? Give us a call today on 0800 066 2888 to discuss your options. If you’ve already made your mind up and want to explore our car finance deals, head over to our online car finance calculator for a quick quote or apply online now.

About The Author

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.