Used, New or Nearly New: Which is Right for You?

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If you can’t wait to get behind the wheel of a new car or you’re looking forward to upgrading from one model to another, there’s no doubt you’ll be researching the latest in-car features and engine performance.

However, deciding whether to buy a used, new or nearly vehicle is a major factor when it comes to purchasing a car. To help you determine which is right for you, take a look at the things you should take into account when deciding whether to buy a used, new or nearly new vehicle:

  1. Resale Value

When you’re looking forward to taking your new car for a spin, the last thing on your mind is selling it. However, the potential resale value of a vehicle isn’t something that should be overlooked. The value of a brand-new car can depreciate fairly quickly, for example, which means that a nearly new or used vehicle can offer a better return on your investment. 

 

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  1. Your Credit Rating

If you have a bad credit history, you might assume that you’ll be unable to purchase a top of the range vehicle, but this simply isn’t the case. With poor credit car finance, you can spread the cost of a new vehicle and make payments monthly, rather than buying your car outright.

While it can be tricky to secure a personal loan to fund a car purchase if you have bad credit, car finance designed for people with a poor credit history can be an excellent way to buy a new, nearly new or a used vehicle. 

  1. Warranties

When you buy a brand-new vehicle, it often comes with a warranty, which can reduce the cost of repairs and give you peace of mind. However, this isn’t exclusive to brand-new vehicles. When you buy a nearly new or used car from a trader or company, rather than an individual seller, you can also benefit from extended warranties and guarantees. 

 

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  1. Purchase Cost

As you might expect, a nearly new vehicle can be significantly cheaper than a car that’s come right off the production line. However, if you want to find the most cost-effective way to purchase a vehicle, a used car is probably your best bet. You can pick up some great deals when you scour the market, which makes it easy to find a great motor that matches your budget. 

  1. Reliability

People often assume that brand-new and nearly new vehicles perform better than used cars, but this isn’t always accurate. While newer vehicles might be subject to recalls, used cars tend to rely on technology and features that have been extensively tested in real-life environments. As a result, you should feel confident that a used car will be just as reliable, if not more so, than a newer vehicle.

 

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Finding Your Next Car

Whether you’re looking for a family-friendly vehicle or a two-seater soft-top, be sure to undertake extensive research before you part with your cash. By doing so, you’ll increase your chances of finding your dream car at a great price and maximise the return you’ll get on your investment.

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