New Car VS Used-Car: What to Buy?

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• New Car VS Used-Car
• What to Buy?

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• When Buying a New Car

We all are aware of how exciting it is to be the
first owner of a brand new car especially when
you have been an owner of a second-hand car. From
a luxury sedan to a sports car, there are a lot
of things that make owning a brand new car
altogether a new experience.

• Advantages

The most important advantages of owning a brand
new car are the new technology and appearance
it has. You do not have to worry about any kind
of damage history that can make you a bit
skeptical every time you drive. Other than this,
the perk of being the first owner is incredible.
Even though you buy a car with the help of an
automotive finance company, you still get a clean
and tidy car and along with the warranty for a
set amount of distance or years as agreed by the
dealer and the owner.

• Disadvantage

There are certain disadvantages that are
associated with buying a brand new car.
High-technology features often make the brand new
car excessively expensive. Apart from this, a
brand new car comes along with depreciation where
it loses the value over time. With each minute
you drive out of the dealership, your new vehicle
loses 20 of its market value.
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• When Buying a Used-Car

A lot of people feel uncomfortable and shy when
it comes to buying a second-hand car as it may
show that the person is not financially sound.
Used-cars are associated with mechanical
dysfunctionalities that often pops into the head
of the new owner.

• Advantages

The main advantage of owning a second-hand
vehicle is the cost. Second-hand car costs
cheaper when compared to buying a brand new car.
This also helps in saving from losing money
from depreciation which may increase up to
10,000 when purchased a new car.

• Disadvantages

There is no issue when it comes to quality or
performance associated with buying a used car,
however, there are still a few drawbacks that are
tagged with it. The most important is the lack of
or limited warranty which can make the car
expensive when it comes to repair.
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• Our Services

Automotive Finance
Commercial Truck Financing
Refinance Car Loan
Secured Car Loan
Low Rate Car Finance
Car Finance
Low Rate Car Finance
Car Finance
Equipment Finance
Vehicle Finance
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• Contact Details

Financing Co Website https//financingandco.co
m.au/ Phone [phone] Address Level 1, 71
Victoria Road, Rozelle, NSW 2039, AUSTRALIA
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• Thank you