Philippines New Car VS Used Car?
The pros and cons of buying Philippines used vs new cars.
When buying a used car, you can save a lot of money.
A new car depreciates quickly within 3 years, the used car is only worth about 60-70% of its original price. In fact, as soon as you leave the dealership showroom, your new vehicle is suddenly worth $3000 – $4000 less.
When purchasing a new car your paying for its fresh “new” look and warranty. But, buying a new car doesn’t always mean the buyer will get a perfect car. A new car may come with many problems associated with poor design or manufacturing defects that may have been repaired during the warranty coverage period if it’s a used car. Its the same for recalls and service campaigns.
Another advantage of buying a used car is you can buy a loaded down model with all the bells and whistles that you might not be able to afford had you bought a new car. However, buying a used car is still a little bit of a gamble. Theirs no guarantee that the car will accident-free, has its accusal mileage, and was properly maintained.
There may be some hidden problems like a worn out transmission, or engine problems that may not have been obvious when you test-drove the car. So, next you must ask yourself: Will I save money when buying a used car? How do I eliminate the risk of potential problems?