The market of new cars is extremely vast today offering passenger vehicles of various prices and quality. Unless you have an almost unlimited budget and getting a new car for you is a totally regular purchase which won’t lead to any financial complications in case you turn out to be disappointed in your choice, you should really consider a lot of things before getting a new car, whether it is purchasing or leasing.
This article is not going to consider all the technical aspects of getting particular types of cars and who will benefit from them in the first place. We would like to focus on general trends on the automotive market which might be helpful for making the right decision.
Getting a brand-new model of a car – pros and cons
Each year, the market of passenger cars sees many releases of brand-new models which can, depending on the exact type of the car and its price category, have different value, however, they are always more expensive than the models of the cars from previous years.
Needless to say, freshly designed passenger cars can fascinate everyone no matter whether you are a car devotee or a person who is using a car just because you have to without any emotional attachment to a vehicle. The sophisticated machinery of new models tends to have more and more features some of which can be really helpful for a driver making the performance of car more robust whereas the hours spent behind the steering wheel less tiring.
At the same time, a great amount of details characterising new cars have no effect on its work at all. Brighter LED displays, advanced sound systems and a bunch of other features in the newest models of cars actually have no practical appliance but are definitely great for showing off in front of your passengers and other drivers.
Of course, such elements and systems in your car are coming for an additional price, but the sad truth about that is that their value is decreasing rapidly from year to year. For example, The 2019 BMW cars of the 7-series cost $96,803 when the model was released. This year, the same car can be purchased for $67,637 which is almost $30,000 cheaper! Undeniably, this is a huge difference and no one will give you back this money after using a new car for 12 months. Of course, this is the case of new cars and if you try to sell such a car after using it for a year, its value will be even smaller.
Don’t forget about some unknown technical issues which can take place in a brand-new model of a car. Just like with any other things using complex mechanical and electronic systems, you can’t be sure about the quality of them unless someone has already used this thing for some time. The cases in which some parts of cars equipped with cutting-edge technology turned out to be faulty are not rare. Moreover, you should be aware of the fact that the more sophisticated the design of your car is, the higher will be the price of its conservation.
What is about older models?
Actually, older models aren’t worse than the new ones. They are just simpler than the vehicle designed recently. On the one hand, many people find the models released a couple of years ago not especially attractive since they do not have that crazy amount of additional functions which are making the newest vehicles so appealing. On the other hand, the less sophisticated elements does a car have, the more reliable it is.
Thus, if you are looking for a car which will work for a long time, you should definitely pay your attention to the models which have already been on the market and have gained a positive reputation among their users.
When it comes to the value of the older model of passenger cars, they are undeniably a way cheaper than the brand-new ones. Still, it is also important to bear in mind that they don’t lose so much in their value, at least, not thus rapidly, as the latest car models. This means that buying such a car and then selling it will not make an immense whole in your budget.
Which cars are better for leasing and which ones are better for purchasing?
Undoubtedly, when it comes to the models more suitable for leasing and the models which are better for purchasing, a lot depends on your starting budget as well as on the purpose for which you need this car. Even though there are many factors effecting your decision, it is still possible to use one rule for getting a new car.
In case because of any reason, you need to buy a new model of a car which is certainly much more complex than the models which have already been on sale for years, you’d better use leasing. A decision to buy such a car can be rather expensive. This is especially true if you are going to change this model again for something even newer soon.
Providing you are more interested in getting a simple vehicle and are interested to use it for a longer period of time, you should consider purchasing it.