Buying a new car is expensive whereas buying a second-hand car in Sydney you can save around 45% to 53% of the overall cost. For example, you can buy the all-new 4th-generation Ford Focus at a starting price of AUD 26,000 while you can buy second-hand Ford Focus (older model) somewhere around AUD 13,780. That means you’ll save 47% when you buy a used Ford Focus compared to buying new. Isn’t that big saving!
Also, you need to consider insurance and applicable taxes for the new car, which is pricier than a used car. That’s because new cars command higher prices, so they attract higher taxes while second-hand cars have lower prices, so the taxes are lower.
Strong Reasons for Buying New Car
Latest Technology Features: When you buy a new Ford car for sale in Sydney, you can enjoy all the updated technological features that include GPS, Touch Screen, Air Bags, Anti-lock Braking System (ABS), Electronic Brake-Force Distribution (EBD or EBFD), leather seats and other safety features.
Don’t Worry About Car’s History: When you buy a new car, you don’t have to worry about the car’s history. Also, you don’t have to pay for a service to get information on the car’s history. Moreover, you don’t have to bother about wear and tear and condition of the car.
Save Yourself from Lengthy Paper Work: Buying a new car doesn’t involve lengthy paperwork, as the sale is straightforward from the dealer to you, the customer.
Warranty: A new car comes with a warranty that ranges from 3 years to 7 years – the warranty can differ between automakers. For instance, Ford dealers in Sydney offer a 5-year warranty for unlimited kilometres on all its new vehicles delivered after 1st May 2018. So this warranty gives peace of mind to you, the customer.
Strong Reasons for Buying Second-Hand Car
Depreciation (Decrease in Overall Vehicle Value):
When buying a pre-owned vehicle, you can save substantial money. That’s because you can sell a second-hand car for the same price it was bought for or for a little less. New cars depreciate much quicker in value, so they aren’t a good investment.
For instance:
Notice here – you lose money whether you sell off your new car or used car. But you lose quite less money on selling off your used car than your new car for that same time window.
Cost Savings:
Cost is a major factor that decides your buying preference between a new and used car. Material, technology and labour costs are always increasing, so new cars are pricier because of the overall increased production costs.
Conversely, when buying a used car, you’ll end up paying a lower cost for everything. For instance, you pay less insurance because of the depreciated value of the car (Lower the value of a car, you’ll incur less insurance cost). Registration costs continuously decrease year after year. Thus, registering a used car is less expensive than a new car because registration costs continue to decrease each passing year.
The Bottom Line
Well, depending upon your use and requirements, you’ll have to decide between buying a new or used car:
Also, you need to consider insurance and applicable taxes for the new car, which is pricier than a used car. That’s because new cars command higher prices, so they attract higher taxes while second-hand cars have lower prices, so the taxes are lower.
Strong Reasons for Buying New Car
Latest Technology Features: When you buy a new Ford car for sale in Sydney, you can enjoy all the updated technological features that include GPS, Touch Screen, Air Bags, Anti-lock Braking System (ABS), Electronic Brake-Force Distribution (EBD or EBFD), leather seats and other safety features.
Don’t Worry About Car’s History: When you buy a new car, you don’t have to worry about the car’s history. Also, you don’t have to pay for a service to get information on the car’s history. Moreover, you don’t have to bother about wear and tear and condition of the car.
Save Yourself from Lengthy Paper Work: Buying a new car doesn’t involve lengthy paperwork, as the sale is straightforward from the dealer to you, the customer.
Warranty: A new car comes with a warranty that ranges from 3 years to 7 years – the warranty can differ between automakers. For instance, Ford dealers in Sydney offer a 5-year warranty for unlimited kilometres on all its new vehicles delivered after 1st May 2018. So this warranty gives peace of mind to you, the customer.
Strong Reasons for Buying Second-Hand Car
Depreciation (Decrease in Overall Vehicle Value):
When buying a pre-owned vehicle, you can save substantial money. That’s because you can sell a second-hand car for the same price it was bought for or for a little less. New cars depreciate much quicker in value, so they aren’t a good investment.
For instance:
- When you buy a new car for AUD 34,000 and after a few years, you sell it for AUD 17,000 you’ll have lost half the value of your car.
- Now, compare this with a second-hand car that you buy for AUD 17,000 and then sell it off for AUD 12,000 within the same timeframe.
Notice here – you lose money whether you sell off your new car or used car. But you lose quite less money on selling off your used car than your new car for that same time window.
Cost Savings:
Cost is a major factor that decides your buying preference between a new and used car. Material, technology and labour costs are always increasing, so new cars are pricier because of the overall increased production costs.
Conversely, when buying a used car, you’ll end up paying a lower cost for everything. For instance, you pay less insurance because of the depreciated value of the car (Lower the value of a car, you’ll incur less insurance cost). Registration costs continuously decrease year after year. Thus, registering a used car is less expensive than a new car because registration costs continue to decrease each passing year.
The Bottom Line
Well, depending upon your use and requirements, you’ll have to decide between buying a new or used car:
- If you don’t have to use the car daily and that you need it for occasional and weekend use, then you’ll be better off buying a second-hand Ford car. This will help you to save significantly on its buying cost that you can invest in other sources where your investment will grow.
- However, if you’ll be using your car daily including long weekend trips, then you’ll be better off buying a brand new Ford car.
Comments
Post a Comment