Learning to drive is a huge milestone. It is the stepping stone to an independent and free life – one where you don’t have to wait at bus stations or request others to drop you off at places. You can drive wherever you want whenever you like!
But, for this dream life to come true, you need to first decide: Should you spend $$$ on a brand-new car or get a used one from auctioneers like cars4.bid?
Remember, you’re a learner driver, and the decisions you make will have a huge impact on your finances. So, to help you take the right step, we have listed the pros and cons of each choice below. Read more!
Pros & Cons of Buying a New Car
A new car is untouched, and every part of it is in its finest condition. This gives you the chance to start fresh and have a smooth, positive driving experience.
If you have chosen the latest model, you can also benefit from advanced safety features like:
- Rearview Camera
- Adaptive Cruise Control
- Automatic Emergency Braking
- Parking Sensors
- Blindspot Warning System
These features will ensure you’re safe and protected in all kinds of situations. This is especially important for teenagers and young adults who have never handled a vehicle before.
A new car is also more durable and reliable than its used counterpart. You can expect it to last up to ten years easily. However, this is where the problem arrives. Most learner drivers are reckless drivers. A study shows that 75% of high school students have “too much confidence” in their driving abilities, and 71% won’t hesitate to use phones while driving. This explains why they get into more accidents than senior students.
And well, if a new car is driven recklessly, you can imagine how fast it will depreciate in the coming years. Scratches and dents are just a few minor damages that you should expect.
Pros & Cons of Buying a Used Car
Surely, a used car doesn’t have that shiny, glamorous vibe. It is old, and it feels old. It may not have the latest safety features either. But the biggest benefit of a used car is its price. You can easily get a sedan or minivan at half the price of a new one. This leaves a lot of budget to modify the looks and features of the car.
Plus, it doesn’t have a great resale value. If it gets a few scratches, dents, and other minor damages, you won’t have to suffer a huge loss – like it would have been for a new car.
So, What Should You Do?
Both used and new cars have their pros and cons. The best way to choose between them is to identify your specific priorities.
If you can ensure responsible behavior, a new car will go a long way. However, if you’re doubtful about your driving capabilities or don’t have a good budget, opt for a used one. Remember, you can always upgrade later!