Should you purchase a new car or pre-owned car? There are pros and cons to
both
Pre-owned cars are financially more viable options, considering the lower
price, absence of various registration costs, availability of
financing, and so on
Yet, you will buy a model which is slightly outdated in terms of its features.
Buying a reliable car in good condition is another concern
Also, there is sizable documentation involved in ownership transfer, unless
an organized seller does it for you
New cars have lower interest rates on loans, they are equipped with the latest features,
and require lesser maintenance initially
Yet, the depreciation rate is higher and you also have to pay sizably more,
including various taxes
Still confused? Read our story here for more clarity: