We all have a wish or dream to own a car. Although, not every one of us is so monetarily sufficed that we can afford a new vehicle directly from the showroom. Then, what do we do in that case? We can opt for a used car. Also known as second-hand cars or preowned cars are the vehicles that are being utilized and are kept up for sale by individual parties or dealers. It is great option people can choose when buying a car for the first time. Though buying used cars sounds lucrative and an easy option for car buyers, there are some pros and cons attached to deals of used cars. Hence, if you want to buy a used car to fulfill your need for a vehicle, you must take note of these pros and cons.
Pros- Lower price
One of the pros of buying a used car is that you get them at much lower than the new ones. You can get the same model at a much lesser cost, thanks to the car's depreciation value, those tanks from 20 to 40 % after it hits the road. Hence, the higher models can also be bought at an affordable price when you go for a used car. It saves a lot of money of yours and helps in fulfilling your dream of a vehicle.
Cons- Reliability
When buying a used car, the vehicle's dependability and reliability remain under a cloud of doubts. The car might look fine from the outside but requires huge repair work from the inside. It mainly consists of an engine and bodywork, which can cost you great expenditure. Besides, you also have to look into the history of accidents, repair work, and other damages the car has incurred in the past before making the deal.
Pros- High-quality option
As mentioned earlier that you can get a top-end variant at a lower price. Besides, the loan amount that you take for the used cars is generally low than the new ones. You can even get quality cars at a lower price if bought from a reliable place. You can either buy it from a dealer or a private party. In both cases, there is a chance that you will get good quality cars at an affordable price.
Cons- Warranty issues with a private party
Buying used cars from authorized dealers might give you some respite on a warranty related to repairs and servicing as often, they sign a contract of maintaining your car for a certain period. However, when bought from a private party, there is no such warranty, and you have to be at the mercy of other service centers who might charge you exorbitantly in case of any repairs in the car.
Cons- Limited options
When you shop for used cars, you might have limited options regarding colors, accessories, and models. You might not get abundant options that you get for new vehicles and other features that come along with it. Hence, it is another disadvantage that you have to come across when buying used cars.
