Brand New Cars vs. Second-Hand Cars: Which One is Right for Your Budget?

Woman choosing a carWe’ve all fallen down that rabbit hole before. You were bored and were surfing the net to kill time. You explored Buzzfeed and Reddit, perhaps, and you clicked on a little link that took you to schofieldhsv.co.nz. It brought back childhood memories. Your granddad used to take you to their Auckland dealership office all the time. You then remembered that you’ve been saving up for a car for a few years now. You’ve decided to go for their popular Club Sport. The only question is, should you get a brand new one or settle for a second-hand model?

One of the determining factors, if not the biggest, is your budget. It’s not just about how much you’re willing to shell out for a car. Your budget should also cover after sale costs such as repairs and insurance. How long has it been since you first learned to drive? Is this your first car? How much does petrol go for these days? All these can wreak havoc on your budget.

Skip the Lemon

To any sensible person, a brand-new car seems to be a better option. They’re supposed to give you some peace of mind because they haven’t gone through the strain or wear that second-hand cars have experienced. A service warranty also comes with brand new cars.

Here’s something to keep in mind though: Stay away from lemons. If a car’s a lemon, it wouldn’t matter if it’s brand new. It’s going to be as undependable as any old rust bucket.

Old is Not Always Bad

The main attraction of second-hand cars is the price. Cars depreciate quickly which is why used cars are usually pretty cheap. The biggest fear any smart buyer has, though, is the vehicle’s roadworthiness. Buyers are usually in the dark about a used car’s history. There’s a slim chance that you’ll ever find out about its previous use – and abuse.

You shouldn’t be deterred by this, however. If there’s a mechanic whose advice you trust, let them see the car for a final verdict. If a used car is still in great condition, it can perform just as well as a new car for a fraction of the cost.

It’s important to remind yourself that there is no right or wrong answer to this question. It all depends on your wants and needs. Just remember to be smart when it comes to choosing your car, and to make your selection from a reputable dealer.