Know the advantages and disadvantages of buying a new car and a used car

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If you are looking to buy a used car, then you should be aware of both its advantages and disadvantages.

The used car market in India is also increasing. A large number of people are buying used cars due to various reasons. In such a situation, if you are also looking to buy a used car, then you should be aware of both its advantages and disadvantages so that you can make a completely right decision whether you should buy a used car or not. Let us tell you about them.

Benefits of buying a used car

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Buying a car would probably be the second biggest purchase for any person apart from buying a home. For this people have to spend a lot of money. In such a situation, the biggest advantage of buying a used car is that both your need or hobby can be fulfilled in buying a car at a low price.

You can avoid being buried under the burden of EMI. Suppose the car you want to buy, the price of that new car is Rs 10 lakh but you have 4 to 5 lakh rupees, then you will have to take the rest of the amount on loan, which will be repaid through EMI. At the same time, if you buy a used car for Rs 4 to 5 lakh, then your need will also be fulfilled and you will not have to take a loan.

You can buy a big car at a low price. Suppose you like a vehicle that costs Rs 10 lakh and the features you want are available in this vehicle. In such a situation, if you buy an old car of this model, then you will get it for less than Rs 10 lakh and you will also get the features you want.

Disadvantages of buying a used car

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The biggest disadvantage of a used car is that the maintenance cost is high. Because, as car parts get old, so does their maintenance cost. If they need to be replaced, it could cost you more money.

The problem of mileage also comes to the fore. If the car has not been properly maintained by its previous owner, then you may face the problem of low mileage. In such a situation, the consumption of fuel will be more and your cost of running it will be more.

Another danger with an old car

There is also another danger associated with an old car. This is whether the person selling the car is cheating you. However, this danger can be avoided. Whenever you buy a used car, definitely check its papers and service record. If in doubt, don’t deal.

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