If you are thinking of buying new cars in UAE, you can rest assured of the thousands of choices that lie in front of you. However, you need to be aware that your decision of purchasing a car, will have an impact on your financial situation, both in the short, as well as in the long term.
This is where established and industry authority companies like CarSwitch play a major role in helping and saving customers from making bad decisions. In this article, we will look at-
- Advantages and Disadvantages of buying a New Vehicle.
- Advantages and Disadvantages of buying a Second-Hand Vehicle
Advantages of a Used Car
Most people buy a used car for one single reason- depreciation. The owner of the used car takes the biggest hit from depreciation. In other words, the new owner who purchases the vehicle is saved from the evils of depreciation massively. A used car owner purchases the vehicle at always an optimum price point. Rather than taking a high-interest car loan on the purchase of a new vehicle, used cars can be bought from simply saving up on cash. They are much cheaper and affordable than new ones. When you purchase a used car, you can also see how that model has fared in the real world. With the internet, finding small problems and issues have become relatively easy. In fact, you can use this information to further drive down the prices of the used car.
Disadvantages of a Used Car
One of the biggest disadvantages of purchasing a used car is that it is going to have many mechanical flaws. In some instances, the expenditure on servicing and fixing the mechanical defects can exceed the actual price you paid for the car. This is where reputed car companies like CarSwitch offer Certified Pre-Owned Programs. These certifications check the vehicle for any mechanical flaws. They also fix these flaws before displaying them to people looking to purchase used vehicles. Sometimes used cars come with certain limitations in terms of color choices of engines. Even though you might be interested in purchasing a different color option, yet you will have to go with what is available on the lot. This can be really frustrating at times.
Benefits of Purchasing a Brand New Car
One of the most crucial benefits of purchasing a new car is the manufacturer’s warranty. New vehicles will never have any major mechanical issues apart from regular oil changes and so on. In this regard, you are going to save up a lot of money, which you would have had to spend for mechanical fixes. In terms of being advanced from a scientific and technological point of view, new cars will always be better. They will have the latest Satellite Navigation systems, compliant engine regulations and so on. In terms of safety as well, new cars are going to offer you all the modern amenities and safety options.
Disadvantages of a New Car
Most people’s biggest complaint is the decrease in the valuation of new cars. Some industry experts say that in the current economic situation, new cars depreciate by up to half their value, once they are driven outside the showroom. According to automobile experts, customers can expect the biggest depreciation to hit their vehicles around the three-year mark. This is when the value drops to nearly one-fourth of the original purchase value. Some people have a different complaint- according to them, every model gets replaced by another one in a year or so. People cannot keep changing their vehicles every year!
Everyone has to decide what the best option is for themselves. Regardless of what you decide you should ensure that buying the car won’t put too much burden on your finances. This will ensure that you are always at peace with yourself. Thinking about your family will always help you make the right decision.
Not only do you have to pick the make and model of your car, it’s also essential to decide if you want to buy new or used cars in UAE. You should also do ample research to make sure that the model you select is reliable and performs well.