| There are both advantages and disadvantages | | | | the car is within the warranty period. |
| involved in buying used cars. It all depends on the | | | | Used Cars: Major Disadvantages: |
| person’s capability to negotiate, his knowledge | | | | The interest rate on the purchase of the car matters |
| on buying a particular make or model of the used car | | | | a lot. In the case of buying used cars the interest |
| and the sources from which he can buy the used car. | | | | rates are a bit higher than on the new cars as it |
| The preference, affordability and needs of the car | | | | involves more risk for the lender while giving loans on |
| purchaser also matter a lot. | | | | used cars. Also there are zero percent loans and |
| Key Advantages of Used Cars: | | | | financing readily available more for new cars than for |
| Many people buy used cars just for the reason that | | | | the used cars. |
| they can afford to buy one. As any brand new car | | | | There is no guarantee or assurance offered to the |
| loses value on depreciation as soon as it hits the | | | | purchaser when buying a used car as to whether the |
| roads, so it is possible to get a low mile run used cars | | | | car is in good condition or with the right mileage. Also |
| for a very less amount compared to its new | | | | there is no guarantee that the car is maintained |
| counterpart. Also it is possible to get the dream car | | | | properly and is free from any kind of accidents. |
| of the purchaser with all the necessary features at a | | | | There may be problems in the engine of the car or |
| very low price provided the purchaser has to be | | | | with the transmission which can be far from the sight |
| patient and look for the car of his choice from | | | | of the purchaser of the used car. Sometimes the |
| various sources. It is possible for the purchase to buy | | | | purchaser may end up spending more money on the |
| a used car even up to half the price of purchasing a | | | | maintenance of the used car than he would have |
| new car. | | | | spent on a brand new car. In such cases the |
| There is a wide range of models, brands and colors | | | | purchaser loses his peace of mind with the never |
| available for the purchaser to buy a used car. Good | | | | ending problems caused by the car. |
| quality cars are available when purchasing an off | | | | When buying a used car, the purchaser needs to be |
| leased used car as they are maintained very well, | | | | very knowledgeable about the car itself. He should |
| handled by a single person and are available with an | | | | thoroughly go through the car’s history, |
| impeccable look with all the built in features. Also, | | | | maintenance records, terms and conditions, |
| nowadays it is possible to even transfer the factory | | | | paperwork etc. If not, the purchaser may end up |
| warranty of the car from the previous owner in case | | | | with great problem which may last for ever. |