Important considerations when choosing between a new and used car

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Important considerations when choosing between a
new and used car
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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.

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• 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.

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Thanks!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel [phone]
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
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Deciding Between a Used vs New Car