As soon as the thought of buying a car comes to mind, many questions arise in the mind. Especially when you have two big options in the same budget- a new budget car or a used luxury car. Both choices look tempting, but the real question is which choice will give you more comfort in the long run? Let’s understand in depth what are the advantages and disadvantages hidden in both of these.
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New Budget Car
The biggest advantage of a new car is the latest features and technology that come with it. Today’s budget cars have modern infotainment system, advanced safety features and fuel efficiency technologies. This means that you get the comfort and convenience at a low price which may not be available in old luxury models.
Warranty is also the biggest plus point of a new car. When the car comes brand new from the company, the manufacturer warranty is a kind of security. The maintenance and repair cost is also very low for the first few years, which makes the running cost affordable. Apart from this, while buying a new car, you also get the opportunity to customize the model, variant and color.
But there is another side to the picture. As soon as a new car comes out of the showroom, its market value falls rapidly. This shock of depreciation can be heavy on your pocket if you think of selling it later. Also, budget cars lack premium comfort, high performance and luxurious feel, which may bother you after some time.
Used Luxury Car
Now let’s talk about Used Luxury Car, which wins hearts at first sight. Cars like Mercedes-Benz, BMW or Audi are not just cars but are a brand image. As soon as you sit in them, you get to enjoy luxury interiors, powerful performance and elite driving experience.
The depreciation factor of a luxury car is also different. When you buy it second-hand, its major value has already fallen. This means that the resale value will not fall as fast as that of a new budget car. Along with this, the comfort and status symbol of luxury is also with you.
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But remember, the enjoyment of luxury can also be expensive. Maintenance and repair cost is quite high in used models because premium parts and services are not cheap. As the car gets older, repair bills can increase even more. Apart from this, the latest infotainment system, fuel efficiency or modern safety features may not be available in an old luxury car. The warranty may also have expired, which can raise questions on reliability.