Each year in the UK, there are around three times as many used cars bought compared to brand new cars, but just because used cars are more popular doesn’t always mean that it is the right option for you. If you are considering getting a new car, then you might be wondering if buying new or used is the best option for you, or if a nearly-new car might be the ideal option. Let’s take a look at the pros and cons of each one.
Buying a Brand New Car
There are several advantages to buying a car brand new. You will have the protection of the full manufacturer’s warranty if anything goes wrong, and you get the option to choose the exact specs that you want. Along with this, new cars tend to have more advanced technology, particularly when it comes to safety and fuel efficiency features. Plus, you don’t have to worry about the car’s history if you are the first to own it. However, new cars are often more expensive, lose a lot of their value as soon as you drive away from the forecourt, and many new car breakdowns are due to electrical faults that can be hard to fix at the roadside.
In the UK, around eight million used cars are sold every year. One of the biggest advantages of buying a used car is that there is so much choice available. And, when you buy used cars Nottingham, you also avoid the depreciation in value – the car has already lost that value from being driven off the first forecourt. Along with this, factory warranties are getting longer, which has boosted the appeal of buying a used car, and many dealerships offer warranties too. Over half of the used car sales in the UK are made by dealerships, and the best ones can usually be found in approved used schemes by manufacturers. Although they tend to be more expensive, they offer a similar customer experience to buying new.
Nearly New Cars
A nearly new car is another option to consider if you are not sure if brand new or used is the best option for you when buying a new car. When you buy a nearly new car, this usually means that they are selling a ‘pre-registered’ stock car or a car from the dealer’s demonstration fleet. Some of the main benefits are that you typically get the best of both worlds with a modern, safe, and fuel-efficient car, without the same level of depreciation in value when you leave the showroom with it. However, there will be an additional name on the registration document, lowering the resale value of the car, and there’s not as much choice available compared to buying brand new or used.
If you want to buy a car, whether to buy used, brand-new, or nearly new will be a big question. Consider your budget, the type of car that you want, and any additional extras such as the manufacturer’s warranty that are important to you.