A used car is always better value, right? It’s not necessarily that simple.
Buying a used car? •
A used car is typically cheaper than new
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It can be more cost effective and you probably won’t have to pay interest as the car will be cheap enough to buy out right.
Buying a New car
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Buying a new car may seem beyond reach. In this day and age you can find multiple deals to get a new car by either financing the car for a period of time or by using a just add fuel scheme.
The value of car will still go down but at lower rate due to a brand new car.
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A used car can be very costly to maintain.
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More problems can occur with a second hand car, which can be expensive.
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Used cars will have either a short warranty or it may have no warranty at all.
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Insurance will have to be paid separate and will not be in a package like PCP.
One company that does offer a just add fuel option is Marmalade’s fuel & Go, which combine the cost of the car insurance into a single monthly payment, which can make your chances of getting a brand new car seem possible. On the other hand, a reliable used car can still make a lot of sense. Why buy new? •
New cars have more up to date technology in them to keep you and others safer on the road.
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Some finance schemes will include the insurance in the monthly cost of the car.
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New cars will have some type of warranty cover for a certain period of time.
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Low – interest PCP schemes make a new car more affordable to purchase.
If you are buying a used car have a trusted mechanic look over the car to make sure that you won’t be putting your hand back in your pockets to keep the car on the road in a safe working order. A trusted mechanic that can give you help and advice is DCS Bristol located in Brislington. Dixon Business Centre, 19, Dixon Rd, Bristol BS4 5QW
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A new car isn’t always the best option. An older car will cost less saving you some money. New cars generally lose there value around 15 to 20% in the first year. All PCP deals have a large balloon payment at the end which can be unexpected if you did not read your purchase agreement.
A very good independent dealership is Lane Pearson Automotive group, The Beaufort Motor Centre, Wyck Beck Road, Henbury, Bristol, BS10 7JE
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