If you tell your friends and family you are going to buy a new car you’ll have a mutiny on your hands while they talk over each other to list things reasons why you shouldn’t. The biggest reason being the steep depreciation of a new car’s value that occurs as soon as it is driven off the forecourt for the first time. However, there are improvements to new cars that make all the difference to even three years ago and other reasons to plump for off-the-peg rather than second hand and they are:
Improved running costs
Car makers have ploughed billions of pounds into improving the energy efficiency of their vehicles over the last few years, so that a new model will be out performing an older one in every aspect. With a brand-new car you can benefit from lower fuel consumption and better economy with engines now much frugal and clean than previous incarnations. Better still, due to newer cars improved eco-friendly credentials you can take advantage of a cheaper tax and insurance bracket.
Bespoke finance deals
One huge issue with getting back on the road is the upfront costs it entails, but finance has made a big difference. No longer do you have to take the first offer you get with lenders falling over each other to provide you a tailored finance package. Even finance deals can make a premium motor fit into even the smallest budget and ensures that they remain good-value against even second hand examples.
Extended warranties
The benefit that every new car has over a used option is the lengthy warranty periods that even budget cars come with. Warranties can now last as long as seven years, which take all of the worry out of buying a new car as you can be safe in the knowledge that for that period you have full cover for any potential issues.
Peace of mind
Knowing that you are the first person to get behind the wheel of a car is a feeling that can be worth the added expense. It provides that peace of mind that you will never get when you buy second hand as you worry about how the previous owner treated it. There is no need to search through the service history for any discrepancies taking all the stress out of car buying.
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