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Important considerations when choosing between a new and used car

Learn about the top deciding factors that will help you select between a second-hand and a new car.

HeroFinCorp
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Important considerations when choosing between a new and used car

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  1. Important considerations when choosing between a new and used car

  2. Is it better to buy a new or second-hand car? • Your choice should be based on factors such as depreciation, insurance, etc.

  3. Depreciation • New cars lose most of their worth in the first few years. • Depreciation has the least impact on old cars.

  4. Insurance charges A used car requires less contribution to car insurance than a new vehicle.

  5. Upkeep Used car maintenance costs are slightly higher. You should consider purchasing a used car that is less than three years old.

  6. Latest model • Even on a tight budget, you can purchase an upgraded model in the used car market.

  7. Dependable • New cars are more reliable because they have undergone numerous safety tests. • You may buy a pre-owned car if the dealership offers an extended warranty.

  8. Personalisation benefits • You can get a customised used car for no extra cost.

  9. Registration charges • You do not have to pay for used car registration or road tax.

  10. Advanced features • New cars have the most up-to-date features that you won't find in a used car.

  11. Performance • New cars get slightly better fuel mileage than older vehicles.

  12. Ease of funding • You can easily finance a pre-owned car with a second-hand car loan.

  13. The decision between buying a new or used car should be based on your budget and the purpose for which you are purchasing a car.

  14. Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website :https://www.herofincorp.com/ Know More :Top 11 Factors to Consider When Deciding Between a Used vs New Car

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