When it comes to owning a vehicle, there are pros and cons to both new and used cars. And since buying a car is a major investment, it is always useful to know what to expect so that we can make choices according to our needs or goals.
New cars are usually a dependable option with reliable security in both spending and road safety. This is because new cars come with the latest safety features (such as anti-theft devices, emergency brakes, rear view cameras, airbags, and so forth). They are also easier to maintain as their parts are more recent and they come with a full warranty, and it is easier to get a loan to purchase them.
However, new cars also have higher depreciating value and will be worth less in the future if you plan to resell them. They also have a higher insurance premium and tend to be more expensive, and require a decent budget if you want to enjoy their reliability. Finally, new cars are less desirable for car enthusiasts. Unless you are able to afford a new car from a luxury brand, most new cars are from less glamorous brands and models.
By contrast, used cars can vary a lot even between vehicles of the same age. Generally, used cars are cheaper than new cars and offer more options from diverse brands. Their prices can vary greatly, and even a used car from a premium brand that was formerly too expensive can become affordable. This is a positive point for car enthusiasts who want to own classic or luxury cars, whether it is a premium brand or a classic sports car. This, in turn, makes them increase in value as they get older, enhancing their resell value.
On the other hand, used cars also present their own unique challenges. As older vehicles, they normally lack many of the more modern features which make driving easier and safer. There is also uncertainty about their warranty, as the older the car is, the less likely that they are still supported by a warranty. Furthermore, there is a bigger chance that a used car suffers from mechanical problems, and some of these issues might be undetected by vehicle inspection services, becoming a problem later on for the driver. This, paired with the fact that used cars have rarer parts and higher
road tax, means that they are more expensive to maintain and repair.
Ultimately, new and used cars have their own strengths and weaknesses. There is no right and wrong choice between them, and choosing one or the other depends on your lifestyle and needs. For those with a larger budget who want reliability, new cars are a good choice. But for those with tighter budgets or who want to have more spending money to invest in other things, used cars are a decent option.
And whether you decide to purchase a new or used car, LOKATAG is compatible with all vehicle types and models. The LOKATAG built-in toll reader is a smart toll payment system that you can add to improve the safety of your car. By helping you make smooth automatic payments through all electronic tollbooths in Malaysia, you can keep your attention on the road for safer, smoother drives. Simply plug it into your vehicle and it will take care of your payment card.
If you would like to drive in greater safety with LOKATAG, you can contact us for a consultation at 03-5632 6788.
If you would like to learn more about the features of LOKATAG, check out our product page: www.lokatag.com