When someone wants to buy their first car, they think of a shining new car parked in front of their house. While it’s a good dream to have, it’s not always the most practical choice to make when you’re buying your first car.
For your first car, professionals recommend that you buy a used/pre-owned car. There are many reasons why automobile experts recommend that. With the sector of pre-owned cars becoming more organised, it’s now easier to buy a pre-owned car in Noida, Gurgaon, and anywhere else in India. But the question remains: Why do automobile experts recommend your first car to be a used car?
Let’s take a deeper look at 3 reasons why they say so:
To start with, yes, it saves money, for it is more affordable. When you do not have any experience of something (in this case, owning a car), it’s prudent to start low and slowly move your way up. In other words, buy a used car, drive it, before buying a new car.
A pre-owned car will give you the experience of owning a car and what it takes to own a car, including its maintenance and repair. What you have to keep in mind is that a car is more expensive than anything that you have bought before. It’s not a wise decision to buy a shiny new car and then face problems maintaining it because it overwhelmed you. Save your money by testing the water and buy a pre-owned car. Its maintenance and repair cost will be less than a new car, too.
You Can Always Upgrade
One of the key reasons why it’s recommended to buy a pre-owned car as your first car is to test waters. When you don’t have experience in something, it’s not wise to make an expensive investment in that field. Buying a pre-owned car is a way to bridge that gap. You can own a car, see what it takes to own a car, and when you are accustomed to owning a car, sell it off, and buy a new one. This is the standard route of making the best of owning a car that’s recommended by automobile experts.
Low Rate of Depreciation
The rate of depreciation of a car is the highest when it’s new. As it gets older, its rate of depreciation lowers. This makes owning a car a slightly risky affair if you have never owned a car before. Suppose you buy a brand-new car and after a year or two, you realise that the car is not for you. When you decide to sell it, much of its price will have depreciated already, which means you won’t get a good value on resale. On the other hand, if the same thing happened with a used car, its price would not depreciate as much because its rate of depreciation is lower. To top it off, it was much more affordable anyway. So, your cost of owning a car (the cost of the purchase minus the reselling price) will not have been large enough to burn a hole in your pocket.
So, if you are buying your first car, be sensible. Do not be hell-bent on buying a new car. Be practical and check out used cars. Now that you can buy pre-owned cars in Gurgaon, Noida, and other regions of India easily, it won’t be a lot of hassle to check out a used car. Take your time going through the list of available cars and buy the one that seems the best for you.