{"id":14497,"date":"2023-04-13T16:01:07","date_gmt":"2023-04-13T06:01:07","guid":{"rendered":"https:\/\/www.privatefleet.com.au\/blog\/?p=14497"},"modified":"2023-04-13T16:03:20","modified_gmt":"2023-04-13T06:03:20","slug":"brand-new-vs-used-car-factors-you-need-to-consider","status":"publish","type":"post","link":"https:\/\/www.privatefleet.com.au\/blog\/buy-new-car\/brand-new-vs-used-car-factors-you-need-to-consider\/","title":{"rendered":"Brand New vs Used Car: factors you need to consider"},"content":{"rendered":"

\"Brand<\/p>\n


Purchasing a car is one of the most significant life decisions and investments anyone will make.<\/p>\n

While there are many\u202fcars available to choose from, there is so much more to consider when deciding than just the make and model of the vehicle \u2013 like choosing between a brand-new car or a second-hand vehicle.<\/p>\n

If you\u2019re undecided, we\u2019ve laid out a few factors you need to consider to help you decide which of the two options works best for your needs.

<\/p>\n

\"4<\/p>\n


4 things you need to consider when buying a new car or used car<\/h2>\n

Whether to get a new or used car is an age-old debate.<\/p>\n

People will have varying opinions on which choice is the right one \u2013 but we believe it\u2019s important to lay everything out so you can make the best choice for your unique situation.<\/p>\n

Here are 4 factors to consider before you make your final car purchase decision:<\/p>\n

    \n
  1. \n

    Reliability<\/h3>\nNew car
    <\/strong>There is no doubt that\u202fbuying a new car\u202fcomes with a solid dose of peace of mind. A new car will be (typically) more reliable and less likely to break down or need repairs. And if anything does go wrong, your new car warranty (usually three to five years) will have you covered.

    Most new cars come with a certain warranty based either on total kilometres or for at least three to five years.\u202fIf you plan on selling the car within the warranty period, it usually passes onto the new owner which can be a handy bonus to help you sell your car faster.\u202f

    Used car
    <\/strong>The word \u201cused\u201d in the term \u201cused cars\u201d says it all \u2013 buying one of these means you are investing in a car that has been driven by someone else for a period of time. Simply driving a car around will lower that vehicle\u2019s overall condition, which means it will have a shorter lifespan by the time you purchase it. Not to mention, there is no way of knowing how well or poorly a car has been treated by the previous owners.

    <\/li>\n
  2. \n

    Price<\/h3>\nNew car
    <\/strong><\/span>Buying a new car\u202fis more difficult on the wallet. If you\u2019re using an\u202fauto loan<\/a>\u202fto finance the purchase, then you\u2019ll most likely borrow more than you would with a used car and end up paying more interest over time.

    However, it\u2019s important to remember that since the car has newer parts, this is also beneficial to your long-term costs as you won\u2019t have to go in for checks and part replacement as often as you would with a used alternative. Running costs are just as important to consider when buying a car \u2013 and if you buy new, these will generally be less.

    Used car
    <\/strong>Used cars of up to three years old can hold value extremely well. On the other hand, cars over five years old generally offer much cheaper purchase prices. It\u2019s also important to note that certain brands are depreciation monsters, meaning you can pick a car up a relatively new car cheaply. There\u2019s also greater bartering potential, especially with a private sale.

    <\/li>\n
  3. \n

    Waiting time<\/h3>\nNew car
    <\/strong>If you’re buying a new car, you might have to wait weeks or even months until you’re sitting behind the driver’s seat.

    If it has to be ordered from the factory and delivered from overseas, shipping times can delay the arrival of your highly anticipated purchase. For some buyers, this simply isn’t an option, especially if their current vehicle has broken and they need to get back on the road quickly.

    Used car
    <\/strong>Almost any used car listed for sale will be available, right now. A swift morning phone call to the seller could have you in new wheels by the afternoon.

    Of course, this ignores the lengthy search efforts to find a perfect vehicle for you, but at least once you have decided you\u2019re unlikely to wait 12 months for the seller to supply the vehicle.

    <\/li>\n
  4. \n

    Depreciation<\/h3>\nNew car
    <\/strong>Car depreciation is defined by the drop in a car\u2019s value over time \u2013 and it occurs as soon as you purchase a vehicle and begin driving it on the road. This value decrease is quite rapid, with most    \u202fcars losing 15% or more off their car\u2019s value<\/a>\u202fas soon as it\u2019s driven out of the dealership, and up to 30% by the end of the first year.

    Used car
    <\/strong>Cars lose value with each passing month and kilometre, but the steepest decline happens right away as soon as the keys change hands. However, with a used car, there\u2019s no depreciation the second you roll off the lot.

    There\u2019s also less mental depreciation, and no need to worry about the first car park ding or rock chip in the paint because chances are the car\u2019s previous owner or owners took care of those for you! That said, there may be some mental anguish when it comes to less obvious damage about how well the car\u2019s engine was treated.

    <\/li>\n<\/ol>\n

    The important thing to remember is that buying a car is usually an expensive journey regardless of which option you\u2019ll choose. Ultimately, after everything is considered, it comes down to your personal preference and unique needs.<\/p>\n

    Ready to buy a new car or a used car?<\/h2>\n

    Whichever you decide to choose, it helps to have guidance from car-buying experts who can find you the best deals and make the experience seamless as you choose your dream car.<\/p>\n

    If you find that you still have general questions about your car financing options, our team at Private Fleet will be happy to answer your concerns and help you find the best deals for your car purchase. Simply reach out to us and we can have a chat about your options, regarding buying a new car versus a used car.<\/p>\n

    Make the most out of your car purchase with Private Fleet.<\/h2>\n

    Private Fleet<\/a> empowers you to get all the fleet benefits as a private buyer.<\/p>\n

    Backed by decades of industry experience, fleet buying power and a network of car dealers across Australia, we are here to make sure that buying a new or used car will be as straightforward as possible for you.<\/p>\n

    Buying a new car is a memorable experience \u2013 let us make it hassle-free, too.<\/p>\n

    Reach out to us today for a seamless and easy car-buying experience.<\/p>\n

    \u00a0<\/p>\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Purchasing a car is one of the most significant life decisions and investments anyone will make. While there are many\u202fcars available to choose from, there is so much more to consider when deciding than just the make and model of the vehicle \u2013 like choosing between a brand-new car or a second-hand vehicle. If you\u2019re […]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86,52,55,4049],"tags":[7652,7653,7629,665,939],"class_list":["post-14497","post","type-post","status-publish","format-standard","hentry","category-blog","category-buy-new-car","category-car-sales","category-new-cars","tag-brand-new-car","tag-buying-a-car","tag-car-purchase","tag-new-car","tag-used-car"],"_links":{"self":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/14497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/comments?post=14497"}],"version-history":[{"count":5,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/14497\/revisions"}],"predecessor-version":[{"id":14542,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/14497\/revisions\/14542"}],"wp:attachment":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/media?parent=14497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/categories?post=14497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/tags?post=14497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}