The advantages of a used car
Many people tend to buy a new car every time they change cars, some every year of course. They tend to not be to worried about price though and seem to give a lot of value to a car that is brand new. It may well be the warranty they value or the fact that there is going to be no hidden history behind the car.
Even if you factor in the cost of paying for an extended warranty on a secondhand car and of having a check done in to the car’s history, to ensure that it hasn’t been in any accidents or stolen, then a used car is far better value. Your used car could be only a year or two old but the price you pay will be far less than on a new car. You can of course transfer your registration plates as well or get a vanity plate to hide the car’s age and no-one will know the difference.
A used car may also be better value if you are paying for it with finance, the company offering finance with the car as collateral know a used car will lose value much more slowly than a new car so are taking less risk and will charge a lower interest rate.