You are at the right place Hi Prasad,
Welcome to team BHP! I joined this forum when I was in a situation like you (planning of buying a car). I too had the same dilemma as yours... whether to go for a new car or a used one.
There are a lot of articles in here which will give you a lot of information about this. I decided to buy a used car for the following reasons:
1) Economy: a car depreciates the most in terms of cost in the first 3 yrs.
2) Life: If I buy a 3 yr old car (which will generally have 3k kms on the odo), it still has a good amount of its life remaining.
3) Trial: Since I was learning to drive, i figured I was obviously going to add a few scratches and dents on the car, and I would hate to see a scratch on a new car. (I realized I feel very bad even if the old car is scratched).
on the flip side:
1) Finding a good used car can be tedious, requires a lot of patience.
2) You will tend to like many cars, but take a trusted friend and someone who knows how to check out cars.
P.s: If you get a car from a known (distantly known) person also it makes more safer to buy it.
Wish you luck, and have fun looking for a car. |