New Delhi. Often a question comes in the mind of people before buying a car. “New car or second hand car?” People often remain in a dilemma before buying a car whether it would be a better option for them to buy a new car, or a second hand (previously used by someone else) car? People mostly face this dilemma before buying their first car. In such a situation, before taking any decision, it is important that all the important things related to buying a car are taken care of.
Let us have a look at those 5 points, which should be kept in mind while deciding to buy a new or second hand car.
The cost of a new car is more than the cost of a second hand car. But on the purchase of a new car, the company also offers attractive payment related offers, such as easy EMI, low interest rate. Some dealers as well as some dealers also offer zero-interest loans on the purchase of a new car, which makes it easier to pay back if not the cost.
There is such a big advantage in the purchase of a new car, which is not available in the purchase of a second hand car. And this advantage is the warranty. There is a warranty on the purchase of a new car, which has a fixed time period. During this time period, minor damages and repairs to the car are compensated by the dealership itself. This facility is not available in second hand cars. Also, second hand cars require more maintenance and repairs.
With the passage of time, new technology is used in the car. New and better options of technology are available in the new car. Due to this further expenses can also be reduced. New technology options are not available in second hand cars.
If we talk about insurance, then the cost of insurance on second hand car is less as compared to new car. So, for a new car where one has to pay a higher price for insurance, it is not a hassle with a second hand car.
Depreciation is also called depreciation. That is, the decrease in the price of a commodity over time. When you buy a new car, the cost of that model drops significantly as it is removed from your lot. Whereas when you buy a second hand car, you don’t have to worry about that model being removed from your lot. In such a situation, even if you want to sell it later, then you can get the right part of the price at which you bought the second hand car.