| Both the new and used cars have their own | | | | insurance premium cost, registration cost, financing |
| advantages and disadvantages. It is the mind set of | | | | cost and licensing fees and the purchaser need not |
| the people who are purchasing the car. Some like to | | | | worry about the sales tax too. |
| buy cars only for the sake of showing their buying | | | | A used car is considered to be less reliable, as the |
| capacity and their status symbol while some others | | | | exact condition of the car is not known. Also when a |
| would be obsessed with buying fancy new model | | | | used car is bought in auctions, the purchaser is not |
| cars as soon as they are launched in the car market. | | | | even given a chance to look or test-drives the car, |
| New cars are meant for people who have the buying | | | | which makes the purchase altogether very risky. |
| capacity, who think of only quality of a product and | | | | There is no idea if the previous owner performed |
| not the quantity, who would like to enjoy sole | | | | maintenance and repairs of the car regularly. Such |
| ownership of the car and who do not want to get | | | | cars even though bought at a very low price will end |
| compromised with their comfort. Whereas used cars | | | | up costing more on repairs and maintenance after |
| are bought by people who would like to enjoy the | | | | purchase. |
| benefits of owning a car but cannot afford to buy a | | | | When buying used cars detailed inspection of the |
| brand new car. Such people are very practical as | | | | interiors has to be made, as it will avoid any chances |
| they think that, when a used car is purchased in a | | | | of replacement of any item as it costs more. The |
| good condition it will serve the purpose of the new | | | | exterior of the used car also needs careful |
| car and also comes with a very less price tag. Used | | | | examination to find out if the car was involved in any |
| cars are purchased by people who know the value | | | | accident or damaged in any natural calamities etc. |
| of money and save money by all means and | | | | The engine and the oil should be checked to avoid |
| methods. | | | | heavy expenses in replacing the car engine. Car |
| Buying a new car is really exciting, but then buying a | | | | should be test driven to see the performance of the |
| used car makes sense as lot of money is saved. A | | | | car, suspension and to check the brake controls. |
| new car after purchase is no longer a new car and | | | | There are certain kinds of used cars which are |
| has to under go depreciation value. As the value of | | | | maintained very well, handled and driven by a single |
| the new car decreases up to 40 percent within three | | | | owner and which even comes with a lifetime |
| years, a car is not considered as an investment. | | | | warranty. Such cars are off-leased and sold. The |
| Whereas when a used car is purchased it benefits | | | | purchaser will be very lucky enough to buy such kind |
| the purchaser with a lower value. Money is saved on | | | | of well maintained, hassle free used cars. |