Should you buy a new SUV or a used One?

Often those looking to buy a new vehicle are always confused between whether to buy a new one or go for a used one. There are some that wish to get rid of their old vehicle simply for its poor performance, while there are others that like the new fresh look of new vehicle models and variants.

Which of these categories do you belong to? This is not something that can be decided on the spur of the moment as there are so many aspects to consider while making the final decision.

Factors that can help you decide between a new and used vehicle

Price

The foremost thing that helps you decide whether you want to buy a new SUV or purchase a used one is the price. You can get the latest SUV price of different SUV models and the prices of used SUVs that seem to be in a good condition and compare them.

You will also have to set aside a budget for the vehicle that you wish to purchase. Therefore, if your budget permits, you must definitely go for a new SUV, the reason being the fresh look and high performance.

Condition and Maintenance

There is no denying the fact that the condition of the new vehicle would definitely be better than a used one. However, there are car and SUV lovers that take very good care of their vehicles. You can get the latest SUV price from the dealer from where you wish to purchase the vehicle.

You can also take the price of the used SUVs and evaluate price with its condition. Evaluation of investment with condition will help you decide whether you are making the right decision or not.

Ease of Purchase and Acquisition

The process of buying a new SUV is definitely simpler than buying a used one. This is so because the process is highly streamlined and once you get all clearances, there is nothing stopping you from getting the new vehicle.

The second hand market has been equally good at streamlining their sales processes. However, the only bone of contention here is the financing from the banks. The banks are more interested in financing new vehicles rather than old ones, which could be a problem for those interested in buying a used car.

Depreciation

This is one aspect that favors the used vehicles more than the new ones. The value of the car depreciates considerably once it is out of the showroom. Buying a used car means that the bulk of depreciation has been borne by the seller and this is good news for the buyer.

Conclusion

It is mainly your budget that decides whether you should buy a new car or a used one.

Post Author: Forbes Erskine