Pros and Cars of Purchasing a New Car and Certified Pre-owned Cars

COVID-19 pandemic made a revolution in the transport system. People prefer private transports more than public transports. So in this pandemic situation worldwide a huge number of people are fond to buy their own car. A car is a great investment for every family man. Everyone is not financially strong to buy cars. So they must prefer low investment and a profitable car. Here we discuss the pros and cons of both new cars and certified pre-owned cars, which will help you to find what is right for them.

A car purchase is really big investment for any client. So you should have an idea about the pros and cons of buying a new car, that will help you with your investment. Let’s have a look on the pros and cons of a New Car.

1. WARRANTIES – If you buy a new car you will definitely meet with a manufacturing warranty. This commonly covers 3 years -10 years as per company it varies. It also depends upon miles 60,000-100,00mile.

2. LATEST TECHNOLOGICAL FEATURES – If u planned for a new car than its great for you to choose more featured cars. Companies are launching so many cars with new featured .you can choose as per your choice and finance. Even you can add features like a speaker, mp3 system, lighting as per your choice. If you go for new than choose a car whatever features you want in it.

3. LOW-INTEREST RATE, If you are planning to buy it on interest than also you will be profitable. companies putting low interest in a new car. The interest rate may decrease by 1.35%, as per your credit situation. 

1.  INSURANCE – For new car insurance really matters you have to pay huge money for it. As per your vehicle condition and age, you have to pay insurance of it. Finance companies will definitely push you to full coverage of your car.

2. DEVALUATION, Devaluation is another disadvantage of a new car. After purchasing the car you left the showroom your car value looses by 11%of its actual value. Then as per you are caring of its value varies.

3. RETURN ON INVESTMENT, Developed countries have too much issue of sufficient place. After purchasing a car its seems a big problem to choose a parking lot for it. You have to invest a lot of money on it. Rather than some accessories of cars also have to purchase which carries a lot of money.

Some of the clients have not that much financial support to effort a new car so they prefer pre-owned cars. In that case, you should buy a pre-owned certified car. You can save a lot of money by this but some disadvantages also there. So here some pros and cons of pre-owned certified cars, that will definitely help you out to choose better for you.

1. WARRANTY – Certified pre-owned cars have a warranty and everyone is fond of it. It will definitely provide your mind security.

2. INSPECTED THOROUGHLY – Certified cars are inspected more than 100 times, its quality and overall performances checked .so u can easily faith in their cars.

3. FINANCIAL FACILITY – If u go through certified one u have definitely a great finance saving. some banks and credit agencies provide loans with low interest.

1. COST INCREASE- If you go with certified one then you must have to pay more than noncertified pre-owned cars. So cost matters in the certified case.

2. LIMITED BRANDS, There has a limiting brand for you to choose as they provide you only the cars they have in their store.so you will not get too many options to choose from.

3. TECHNOLOGY ISSUE – You will never get an updated technology person while choosing certified pre-owned cars. Cars must be used further so its mechanism has some defect surely.