Buying a New Car Versus a Used Car in Melbourne Australia
When you want to buy a car, there are certain things you have to consider. Right from the model and make of the car to choosing if you would purchase a new or older model. These are not the only things to consider as there are more factors out there. In this article, we’re going to point out the differences between purchasing new and used cars.
Differences Between Buying New vs. Used Cars?
There is a huge difference between buying new vs buying used cars. To make it easy to understand, we’re going to point out these differences using a table.
| New | Used |
| New cars come with warranties and insurance package | May not have any warranty and you’ll have to buy your own insurance |
| Would need a structured financing package to own | May cost less to own and insure |
| Will come fitted with the latest technology and features used in modern cars | The technology and features used have already depreciated by the time you purchase it |
Related article: The Used Cars Checklist
Warranty
The warranty that comes with a new car is one of the key advantages of owning a new car over a used one. The warranty will cover any problem that occurs with the car and may need repairs within the period of the warranty. Most new cars will not require too many repairs in their first few years so most of what you’ll focus on will be maintenance.
When in comparison with buying a used car, the car may not be as reliable as a new car. Since it’s a used car, you may have to make some repairs.
Price
Because it’s a new car, it would cost more than used cars. However, when you consider services like CarCoop’s Rent to Own cars in Melbourne, you can own a quality used car for as low as $1.00 if your account is updated after two years.
Insurance
Depending on the model of the car chosen, your insurance rate will rank more on the new car than it will do on the old car. The reason for this is because it doesn’t cost as much to replace an old model as it would a new model, but when you sign up to get a rent to own car from CarCoop, your insurance and repairs are covered in your weekly payments.
Technology
The new cars come with the latest features and technology which means your car will have lower emissions and good fuel mileage. With the latest technology, the amount you would spend on repairs will reduce while you focus on maintaining the technology.
Conclusion
Before going to buy a new car also know you can get quality used cars from CarCoop as we’re one of the best Rent to Own car service providers in the industry.
