Nothing beats the feeling of driving off with a brand-new car with virtually zero kilometres on the odometer. Most will agree that new is the Holy Grail, but there is a huge used market out there and some people swear by pre-owned vehicles. In truth, there are advantages and disadvantages to both, list them all and then decide for yourself if you prefer new or pre-owned vehicles.
The advantages of buying a new vehicle:
First owner, zero mileage, can choose ideal colour.
Benefit of full warranty and/or motor plan.
Best reliability prospects.
Good value retention in the case of the top-selling and/or most reliable marques.
The disadvantages of buying a new vehicle:
Having to pay full list price because the vehicle is brand-new.
Rapid depreciation of certain marques, meaning that the vehicle must be kept longer before break-even due to poor used value.
The advantages of buying a pre-owned vehicle:
Large cost saving on purchase price – best value for money.
Accessibility to marques with heavy depreciation – these marques would make unwise new purchases due to rapid depreciation, or might just be too expensive new. Therefore, the depreciation puts used examples within the grasp of more buyers.
The disadvantages of buying a pre-owned vehicle:
It is not new, has to take a colour that is available.
Less warranty left, more wear ‘n tear on all the components, maintenance expenditure starts sooner.
Bigger danger of buying a lemon, Code 3 or stolen vehicle – lots of homework necessary.
There are valid arguments on both sides between new or pre-owned vehicles. Perhaps the best advice would be to think first and buy with shrewdness. When buying a new car for a long-term, that has to be reliable car with good resale value, stick to the brands that sell well and perform well on reliability surveys. Mileages of 40 000 – 50 000km per year could justify a diesel on running costs. Certain oddball brands with a poorer reputation could make an attractive buy, but buy these used at well below Trade value and keep in mind that it would continue to lose value.