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Tag Archives: car

Choosing between buying a new or used car does not have a one-size-fits-all recommendation. Both options have distinct advantages, some of those are listed below.

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Image source: whatcar.com

Advantages of buying new

  • For obvious reasons, it is the safer choice. A new car has not been exposed to accidents or misuse. It is much less prone to technical problems and requires less need for maintenance.
  • Choosing a new car means there are more models and designs to choose from. The latest technology and features also come with new vehicles.
  • While opting for a new car entails a higher purchasing cost, in the long run, it can prove to be more cost-effective for many reasons. These include higher fuel efficiency, lower upkeep costs, warranty with longer and more extensive coverage, and higher resale value.

Advantages of buying secondhand

  • As mentioned above, new cars are more expensive than secondhand ones. Those who have an insufficient amount of money to purchase a new one or have no access to financing can opt for a used car instead.
  • Cars have one of the quickest depreciation rates because they are heavily used and exposed to many elements. With a used car, depreciation is not that much of a concern.
  • Insurance costs and personal property taxes are significantly lower for used cars compared to new ones, which means more savings.
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Image source: confused.com

Jeffrey Lupient’s aptitude for business development, automotive dealership, and sales has helped him bag the Infiniti Award for Excellence for three consecutive years when he was the executive manager of Jim Lupient Infiniti in Golden Valley. Learn more about his work by checking out this LinkedIn page.

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