Buying a new car: pros and cons!

Buying a new car is a serious investment for any car owner. The decision whether to buy a new or used car depends on a number of factors. If you decide to buy a new car, you need to consider the advantages and disadvantages of such a decision.

Advantages of buying a new car

Technical correctness and safety

The main advantage of buying a new vehicle is that you are the first owner of the car. You are sure of the technical correctness of the vehicle and its safety. You are sure that the mileage is correct and there are no returns, that the car has had no accidents or damage. This eliminates any uncertainty and risk that exists when buying a used car.

Various model and equipment options

When buying a new car, you have a wide choice of models, colors and equipment. Manufacturers offer different options, and you can easily find the one that suits you best. You can completely choose additional equipment that is in accordance with your preferences. Manufacturers of expensive, luxury cars make completely personalized cars for their owners, where the choice of accessories and equipment is unlimited.

Sales guarantee

New cars are always under the manufacturer's warranty. Most often, the warranty is granted from 3 to 5 years or up to 100,000 kilometers. Some manufacturers give a 10-year warranty for the drive system. This option affects safety and security in the mine and is one of the advantages of buying a new vehicle.

No investment in repairs

New cars are under warranty and you won't have any additional and unforeseen costs for repairs and replacement of some parts when you buy them. Even if something unforeseen happens, repairs of all defects are the responsibility of the seller.

Vehicle history

Since new cars come from the factory, you can be sure of its history. Most often, these cars have a mileage of about 10 km, they were driven only by the people in the factory who tested them, and only this first control service is recorded in the data. However, new cars with 100 or more kilometers can be found in the showroom. Most often, these are test vehicles, but they are clearly marked.

Modern technology

New cars are equipped with the most modern technology available on the market. Modern technology has made it possible for new cars to have much less frequent service intervals, i.e. they can travel 20,000 to 30,000 kilometers between two services.

The new models have modern audio-visual systems. Cruise control is already standard equipment for many vehicles and is not considered modern equipment. Most of the innovations were applied in the light groups of the car and the installation of various sensors that enable automatic parking, collision avoidance, warning when moving from one lane to another, and adjustment of lights to road conditions.

Low emission of harmful gases

New cars have modern engines that reduce the emission of harmful gases into the atmosphere. By doing so, you influence the preservation of the environment. The Euro emission standards set emission limits for new cars in the EU. The first emission standards were introduced in 1993 and are being improved to this day.

Financial benefits

New car dealers often offer various financial benefits when purchasing. These options are often not available when buying a used car. Car dealers prepare special offers that can significantly reduce the price of a new car. In addition to buying in cash, there are other financing options for buying a new car, such as loans or leasing.

Quick and easy shopping

Buying a new car can be very quick and easy. There is no need to inspect a new car like you need to inspect a used one. You can test each model and organize a test drive, in order to choose the model that best suits your needs.

Prestige

Many car owners cannot afford to drive a used car, but it always has to be new. Owning a new car is very important for certain professions and social classes, because they symbolize prestige and luxury.

Disadvantages of buying a new car

Depreciation of the car

It is known that cars lose their value quickly when they leave the showroom. Depreciation is the rate at which a new car loses its value, and it depreciates the most in the first year. As soon as the car leaves the showroom, its value drops by 10%, which can be up to EUR 10,000 for more expensive vehicles. On average, new cars lose between 20% and 30% of their original value in the first year. This is a significant disadvantage if you plan to sell the car after 2 or 3 years. This is not the case with used cars, which can retain their value over the years.

Insurance costs

A new car has higher insurance costs due to its higher value. If the car is bought on credit or leasing, the bank financing your car will require full insurance until the loan is paid off. New vehicles are covered by comprehensive insurance, the purpose of which is to cover the costs incurred in the event of an accident or damage to the new vehicle. As a rule, these insurance costs are not small.

Loan repayment

Buying a car on credit or leasing means paying monthly installments for owning the vehicle. As a rule, this method of financing implies the payment of market interest, which makes the purchase of a new vehicle more expensive. Until you pay off the loan in full, the car cannot be your property. If you are unable to pay the installments during the loan repayment period, the car will be taken back by the lender, since the car is owned by him.

Possibility of revocation

Buying a new car does not mean that it cannot have certain problems after only a few kilometers. Very often there are problems related to software, electronic components, airbags, brakes, exhaust gases, which require their quick elimination. When these problems occur, the manufacturer issues a safety recall. The recall implies that the owners of the recalled vehicles come to an authorized service center where their cars would be checked and security threats eliminated at the manufacturer's expense.

Vehicle delivery

Often, new car dealers do not have vehicles immediately available for sale. You have to order them and wait for delivery, which takes several months, unlike used ones, which are available immediately.

If you have any special requests related to additional equipment, you must take into account that the delivery of such models is expected for more than a year.

What to ask when buying a new car?

Although buying a new car is safe, and you don't have problems related to safety and warranty like with a used car, you still need to be careful and solve some questions when buying a new car.

1. What are the financing conditions?

Check the financing conditions in detail, whether it's a loan or leasing. Make sure you understand everything that is indicated in the financing offer. Pay attention to the interest rate, as well as the amount of the installment. Does the offer fit your expectations and is it in line with your budget?

If you have the cash, consider what the cash discount is for the car. In the long run, paying in cash and accepting a discount can save you a lot.

2. Can I get a discount?

Depending on the season, vehicle availability, financing method - credit or cash, new vehicle sellers are ready to give discounts for purchases. If you buy a vehicle in the off-season, sellers are ready to lower the price. If they have a large amount of vehicles in stock and want to sell them faster, this is a great time to get a bigger discount. As a rule, customers who pay in cash always get a discount.

One of the important events is the car fair, when manufacturers and car dealers offer various benefits and greater discounts for the purchase of fair models.

3. When can I expect the car to be delivered?

If the car you want to buy is available in the stock of the car dealer, you will get to the vehicle quickly and easily. However, if you are ordering a vehicle and have some specific requirements or the vehicle is not currently available in a particular color, you will have to wait.

That's why it's good to get information from the dealer when you can expect the car to be delivered.

4. Are there additional "hidden" costs?

Be sure to check with the seller if there are any additional costs that are not included in the price of the car. These can be the costs of preparing documentation, contracts and other administrative costs. Often sellers charge these costs which can be from 100 to 300 EUR.

Is it better to buy a new or used car?

Choosing a new or used car is a matter of personal wishes, preferences, needs and budget. New cars depreciate quickly, especially in the first year of ownership, but they provide safety and security.

Used cars are cheaper, but they require additional maintenance and repairs. However, if they are well maintained and have a detailed history from which you can see the actual mileage, whether the car has had accidents and damages and some expensive repairs, buying a used car can also be the right solution.

How to create a used vehicle history report by chassis number (VIN)?

All you need to do is enter the 17-digit VIN number in the "Enter VIN" field and click the Search button. After a few seconds, VIN Decoder will provide a free VIN check and some basic information. This info should be enough to check whether the VIN is valid or not.

To create a complete report about the vehicle, such as mileage records, odometer fraud, estimate mileage, accidents and damages, theft check, market value, and previous images, you should download a VinCheckExpert vehicle history report.

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