Understanding The Benefits And Drawbacks Of New Cars

Introduction• Nearly 1.7 million new vehicles were sold in

the country in the last year. This is up by 5.7 percent over previous figures.

• Drivers are purchasing more vehicles that are new each year because of a combination of better features, better fuel efficiency and better incentives from dealerships.

• Drivers who are shopping for a vehicle should be aware of the main advantages and disadvantages of new cars.

No Hidden Problems• A large advantage with a new vehicle is that

there are no hidden problems.

• The owners of used cars do not always disclose serious problems that were encountered while driving the vehicle.

No Hidden Problems•This means drivers could discover severe

water damage, broken features or even structural issues long after the sale. New cars have no hidden driving history.

•They are presented to the driver in perfect condition. Additionally, any defects in the vehicle that occurred because of the manufacturer are covered by a comprehensive warranty on the car.

Low Maintenance•A new vehicle will last for a much longer

time than many types of used cars.

•Even a used car that appears to be in good shape will encounter problems more frequently than a new vehicle.

•This is because some basic parts such as the engine and transmission will wear down over time.

Low Maintenance

•The cost of owning a used vehicle can be very high when maintenance is necessary every few months.

•Frequent repairs will cause cumulative problems until the vehicle eventually becomes impractical to repair. New vehicles also give drivers the opportunity to take care of the car in the correct way so that it lasts for as long as possible.

Modern Features

•New cars are coming with an increasing number of modern features that are not available on older models. These features are increasing in complexity each year.

•Modern cars can come with dashboard interfaces for mobile devices or media players.

Modern Features

•They can also come with advanced safety features such as parking assist systems or rear mounted motion detectors.

•Some vehicles have wireless capabilities that can access the Internet, a mobile phone or another device. These options did not exist when some older vehicles were manufactured.

Cost

•One drawback that comes with purchasing new cars is cost. A new vehicle that is for the current or next model year could be thousands of dollars more than a used car.

•Sales of new vehicles are also accompanied by a range of different fees that do not exist when purchasing a used vehicle.

Cost

•Average drivers who want a new vehicle will usually have to qualify for some type of financing in addition to having the money for a down payment.

•This can place a new vehicle outside the reach of some individuals who cannot secure a loan.

Insurance

•New vehicles tend to have higher insurance rates than used cars.

•This is because the cost to repair the car is greater than what it would cost to fix a used vehicle.

•New vehicles are also more likely to be the target of theft or vandalism.

Insurance

•This is especially true when dealing with some of the more popular models that can be stolen and then sold or disassembled for parts.

•Drivers should expect to pay more each month to insure a new vehicle.