New Cars Vs Used Cars
Whether
to buy a new car or a used one is a question, every middle class family out to
buy a set of wheels confronts. В The
family, normally the husband starts exploring all options available. В The new car has many attractions and a host of
reasons for you to think of buying it. В The
latest in safety features, modern styling, latest technology, the pride
associated with owning a new car, and most of all for the unique and enriching
smell of a new car are all points, pointing you to go in for a brand new car.
The
Money Matters
The
only aspect not considered and probably the most important one is the economics
of the deal. В Keeping your old car or
going in for a used car is like a decision taken with purely the economic angle
in mind. В It is true that old cars are
more likely to break down, resulting in expensive repair expenditure. В But, in all other aspects, older cars are
cheaper to own and operate. В Let us
understand this better:
The
Comparisons
A used
car will not depreciate as much as a new one. В You are aware that any vehicle looses much of
its value in the first three to five years. В Thereby meaning that as soon as you drive your
car out of the dealer's showroom, the cost of your car has depreciated in
thousand of dollars.
An old
car requires lesser money for getting it insured, almost half of what it would
take to get a new car insured. В Add to
this a good deal, wherein you buy a used car with an existing insurance scheme
valid for a few years and imagine the money saved.
Buying
a new car, in most cases, means taking a loan and paying the interest over a
long period of time. В A used car costs
much less and one may not require a loan. В Even if a loan is required, the amount would
be much lesser. В Annual taxes and license
fee of a used car is much lesser than those of a new car.В
Conclusion
In a Nutshell
In the
good old days, buying a used car or keeping your old car was not advisable. В The life of a car used to be very less and
maintaining the car beyond that was uneconomical. В Also, the cars on sale as used car were
limited in terms of choice. В But times
have changed; now we can get a used car of our choice which suits to our pocket
also.
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