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New Car VS Used-Car: What to Buy?

A lot of refinancing car loan service in Sydney helps you in buying your dream car with a lower interest rate. Various low rate car finance companies in Sydney offer services that help you buy brand new cars.

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New Car VS Used-Car: What to Buy?

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  1. New Car VS Used-Car What to Buy?

  2. When Buying a New Car: Advantages: Disadvantage: We all are aware of how exciting it is to be the first owner of a brand new car especially when you have been an owner of a second-hand car. From a luxury sedan to a sports car, there are a lot of things that make owning a brand new car altogether a new experience. The most important advantages of owning a brand new car are the new technology and appearance it has. You do not have to worry about any kind of damage history that can make you a bit skeptical every time you drive. Other than this, the perk of being the first owner is incredible. Even though you buy a car with the help of an automotive finance company, you still get a clean and tidy car and along with the warranty for a set amount of distance or years as agreed by the dealer and the owner. There are certain disadvantages that are associated with buying a brand new car. High-technology features often make the brand new car excessively expensive. Apart from this, a brand new car comes along with depreciation where it loses the value over time. With each minute you drive out of the dealership, your new vehicle loses 20% of its market value.

  3. When Buying a Used-Car: Advantages: Disadvantages: A lot of people feel uncomfortable and shy when it comes to buying a second-hand car as it may show that the person is not financially sound. Used-cars are associated with mechanical dysfunctionalities that often pops into the head of the new owner. The main advantage of owning a second-hand vehicle is the cost. Second-hand car costs cheaper when compared to buying a brand new car. This also helps in saving from losing money from depreciation which may increase up to $10,000 when purchased a new car. There is no issue when it comes to quality or performance associated with buying a used car, however, there are still a few drawbacks that are tagged with it. The most important is the lack of or limited warranty which can make the car expensive when it comes to repair.

  4. Our Services Automotive Finance Commercial Truck Financing Refinance Car Loan Secured Car Loan Low Rate Car Finance Car Finance Low Rate Car Finance Car Finance Equipment Finance Vehicle Finance

  5. Contact Details Financing & Co Website: https://financingandco.com.au/ Phone: 1300585784 Address: Level 1, 71 Victoria Road, Rozelle, NSW 2039,AUSTRALIA

  6. Thank you

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