Used Car Market Has Varied Options for Your First Car

Buying your first car can be a tedious task because the availability of so many brands and variants with so many segments halts the decision making the power of the individual. Selecting the car is not the biggest problem but making a decision whether to choose a new car over a used car or to stick to a new car is the real problem. The reason why a used car is a good choice over the new car is that the used car segment is the most flourishing at the moment and it has certainly slowed down the sales graph of new car segment.

This is why today it is not about buying a new car but it is about what best suits the buying preference of the individual whether it’s a new car with the hefty price tag or a used car with a lower price tag but in good condition. So the focus of every buyer before buying his/her first car is to consider different points to make the buying decision hassle freely:

Budget Matters: If you have money then surely a brand new car is what you should prefer. But this is not the case with the majority of people because not everybody has the money to buy the car they like. Though new cars are available on a lease with minimal down payments still new car has its own expenses. So before even thinking of buying a new car think about the amount you can spend on your first car. Used cars, on the other hand, are budget-friendly and there are no extra expenses attached to them.

Purpose of Buying: There are many reasons for buying a car. Some may prefer to buy a family car like the popular dodge grand caravan Toronto for long journeys while some want to go for adventurous off-road trips and some might want to commute in the city only. So the second most important factor after the budget is the purpose of buying the car. If the car is for your teen who has recently started going to college then investing in a new car is a big financial burden because new cars have their own expenses so it is not a good idea. In this regard, good conditioned used cars Toronto are the best choice to gift your lad a vehicle. So it is always wise to keep the purpose of buying in mind before even making a choice between the new car and used car.

Duration to Keep the Car: If you are going to change the car within 2 years of buying it then going for a new car is an absolute waste of money. The new car only compensates the money you have invested in it only if you keep it for more than 5 years. So if you think you will change the car after two years then better go for a used car because it will cost you less, its value will depreciate less and you will get a good resale value afterward.  Buying a new car for a short time period is not at all recommended.