When it comes to acquiring a car, two options come to mind: buying a new car or buying a used car. While both options have their advantages and disadvantages, some consumers wonder if it is better to buy a used car compared to a new car.
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Deciding whether to buy a new or used car depends on many factors and it is based on personal decisions of an individual’s finances and needs. Some important factors to consider include the cost, available financing deals, current interest rates, depreciation, insurance costs, and mileage. In this article, we’ll explore the pros and cons of both cars, the used cars to buy instead of the new ones to help you decide when you’re ready to pick a choice.
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Used Cars
A used car, pre-owned car, or secondhand car, is a car that has previously been used by one or more retail owners. Used cars are sold through different mediums, including independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Pros of Buying a Used Car
- Lower Price
- Lower Depreciation
- Lower insurance costs
- More options
- No hidden fees
Cons of Buying a Used Car
- Higher Maintenance Costs
- Higher interest rates
- Limited warranty
- Unknown history
- Less advanced features
New Cars
A New Car is a car which has never been owned except by a manufacturer, distributor or dealer and (except in the case of Service Loaner Vehicles) has never been registered.
Pros of Buying a New Car
- You can create the car that you want
- You get warranties
- They can be safer
- You get that ‘new car smell’
Cons for Buying a New Car
- You’ll have to wait
- It is expensive
- Lower Depreciation
- Higher insurance costs
Used Cars To Buy Instead Of The New Ones
Looking at it from an angle, the wait time on some new cars is getting ridiculous, in fact in some cases, it’s getting so bad that some manufacturers on certain models have closed their order books for the foreseeable future. But rather than waiting 12 months to two years or more for a new car, there’s a bunch of used cars that will do almost everything a new car can do, and might even save you some money.
Toyota RAV4 Instead Of Suzuki Chimney
Let’s begin with the new SUV out there, Suzuki Chimney: Just as cool as it is capable, this car is so popular as everyone would wish for one, Suzuki has paused orders for automatic versions until further notice and the wait time for manual has blow out. But here’s the thing, there’s no denying the fact that this car model is topnotch when it comes to luxury, they are used predominantly around town or to go lightly off-roading, with a features levels of practicality and safety are only slightly more impressive than that of a motorbike.
so instead, why not buy a Toyota RAV4, the RAV4 matches the Chimney for basically everything except for the off-roading ability, it is arguably nicer to drive on the road. Yes, it is old but it’s a 90s Toyota, so it’ll probably go forever, and look, it might not be the safest form of transport but if you’re buying a Chimney, we doubt the level of safety, though it all depends on your priority list.
Buy a Honda Civic Type R Instead Of a Hyundai i20n
The second car most consumers seem to want is the Hyundai i20n, thanks to Hyundai closing its book of orders for i-20ns, with its price drastically increased. When you break down to the core of what the i20n offers, which is a small size door and practicality, restrained yet slightly flashy, a great reputation for reliability, incredible performance and a superb driving experience.
There’s another car that possesses all of those features, the Honda Civic Type R, forget the EK9, EP3 and FN2 unlike the i-20n they all lack the rear door, with the price much lower than the i20n it is light in terms of driving and it puts out more power compare to the i20n.
Buy the Lexus RX 350 Instead Of the Toyota RAV4 Hybrid
Do you know what the wait time is for a brand-new Toyota hybrid? It’s eight months to two years, forget that there’s I better alternative, we know that the current RAV4 in hybrid form is an extremely attractive proposal, it is fuel efficient, it is practical, it is safe, it looks good, and being a Toyota the support network is incomparable, it’s a reputation for reliability is high class and it is really expensive. So rather than waiting forever or paying more, why not save your extra money and go for the Toyota fancier cousin?
It’s the Lexus RX350 which feels more luxurious to live with and it’s loaded with safety gear. Toyota’s mean is exceptional in terms of quality and reliability, despite that, Lexus has a larger more powerful engine and a superior power-to-weight ratio of less than a litre per 100 km separates them in terms of fuel efficiency. So rather than buying or waiting for the 2022 RAV4 edge auto E4, save your money to buy the 2018 Lexus RX450.
Buy Audi RS4 Instead Of Audi RS3
Do you know Audi has actually paused orders on the new RS3, yes the new RS3 is an absolute weapon, but why spend that sort of money on a compact but rapid Audi or wait till orders reopen when you can actually buy something special for less, that is the Audi RS4. In terms of firepower, the new RS3 and B9 RS4 share nearly the same power-to-weight ratio, they both have all the advanced technology and features you’ll need, and they are both superb.
Buy Mitsubishi Pajero Instead Of Ford Everest V6
For a new Ford Everest V6, you’re going to wait for over a year at the moment, or you are going to pay a huge amount for it. Without a doubt, the new V6 Everest, a seven-seat SUV is hugely impressive with a strong performance, good fuel economy, decent towing, off-road new tech and safety features, excellent practicality and even looks extremely good. But not so good in terms of mechanical reliability and at times there is no escaping of workhorse support so why not save your money and get yourself another big seven-seat SUV that does almost the same thing?
It’s the Mitsubishi Pajero, it looks great, especially with some chunky wheels and tyres, and it offers very nearly the same levels of practicality in off-roading and towing shops. Are you ready to wait for over a year to get the new Everest even though the Pajero does nearly the same thing and can be yours right now?
Despite all said, we are not saying the new cars mentioned are not worthy or are not good, all new cars are good, even the less good ones are generally cheap and have huge warranties. But rather than wasting a crazy amount of time or paying huge prices for new cars, the used cars mentioned are worth more than what they look like. Ultimately, the decision to buy a used car or a new car depends on your personal preferences and budget.
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