Low mileage used cars vs New Cars

Most people with a limited budget are faced with the dilemma of choosing between a low mileage used car and a new car, and it is one of the most important decisions they have to make that determines their level of satisfaction with the car they ultimately buy. Looking at the size of the used car market in Australia, it is quite clear that this is not an easy decision to make as more and more people are considering used cars as viable alternative to new cars. Both have their own shares of advantages and disadvantages, and these factors must be considered before you go ahead with your purchase.

A new car losses its value very fast because of fast depreciation in the first few years. In fact, a new car looses a substantial value the moment it moves out of the showroom and therefore it make sense to go for a low mileage used car whose value reflects the true worth of the car excluding the price you pay for the only fact that it is a new product. You also have to pay less on insurance charges as it depends on the value of the car. You also get a wide choice if you are buying a used car because you can easily purchase an old model of a car that is no longer being promoted by the company as well as the used version of a high end car in your limited budget.

Still, there are certain advantages of buying a new car that you cannot overlook. A new car comes loaded with the latest gizmos and if your budget permits, you can get it custom made as per your preferences. Because of its valid warranty period, the car is secured in the first few years against any major problem arising out of some manufacturing defect resulting in less maintenance cost. Car manufacturers are constantly working on making the new models of the car more fuel efficient than earlier versions and therefore your new car is most likely going to have a cheaper running cost as compared to a used old model version. It is also much easier getting cheap finance for a new car as compared to an old car.

If you decide to go for a used low mileage car, you have to be careful about the condition of the car and you may be fooled by the aggressive marketing strategy of the seller.