Purchase price, cost of use, insurance, resale… Buying new or second-hand, how to choose well? Here are the main advantages of these two formulas to help you with your next vehicle purchase…
The cost of maintenance
The older a vehicle gets, the more likely it is to break down or require regular maintenance. A used vehicle therefore always has a higher maintenance cost than its new equivalent. The parts have a limited lifespan: timing belt, shock absorbers, tyres, etc. Not to mention the early changes that may result from a lack of maintenance by the previous owner or from excessively harsh driving. All of this can inflate your maintenance expenses…
The manufacturer’s warranty
Conversely, with a new vehicle, the cost of overhauls is known from the moment of purchase. The vehicle is covered by a legal warranty which can be extended by certain manufacturers for up to 7 years.
Fuel consumption and polluting emissions
Technology is evolving, so are anti-pollution standards … with an equivalent engine, a new vehicle will therefore be less “greedy” in fuel and will produce fewer polluting emissions than an old car.
To know your environmental impact during your next purchase, you can consult the government site: I change my car , which encourages cleaner and more economical mobility. It should also be noted that certain old vehicles, the most polluting, may also now be prohibited from driving in the city at certain times or in the event of pollution peaks. Also to think about when choosing your future vehicle.
Purchase bonuses
Conversion bonus (former scrapping bonus) to replace your old vehicle, ecological bonus for the purchase of an energy-efficient vehicle… the State as well as certain local authorities, like the Greater Paris Metropolis , offers various bonuses for the purchase or lease of a new vehicle . Premiums whose amount varies according to your financial situation, the type of vehicle taken back and purchased. It should be noted that the allocation criteria are reviewed, each year, in an increasingly strict manner.
Advantages: used vehicle
1. The purchase price
Main advantage of buying a used car: its price. For the same vehicle, it will indeed always be less expensive than its new equivalent. Not to mention the sometimes very rapid discount with certain new cars. A new price, to which it will be necessary, moreover, to add the financial costs related to the credit to which you will subscribe, the purchase of a new vehicle being rarely financed in cash unlike that of a used vehicle. An interesting alternative to credit for a new vehicle: LLD or LOA leasing .
-
Vehicle supply
In addition, on the second-hand vehicle market you will find more high-end models, better equipped, whereas in new, at an equivalent budget , you will often have to settle for an entry-level model. . Whether new or second-hand, benefit from the advice and advantages of partners selected for you by MAIF on its dedicated service .
-
L’assurance auto
Insuring a new car costs more than insuring a used model. If, moreover, “all risks” cover is not always justified on occasion, it is necessary for a new vehicle. Whether new or second-hand, to compare premiums, you can simulate your insurance rate online .
Tied: The resale of the vehicle
At equivalent mileage and age, a car bought new will always sell more expensive and faster. Second-hand buyers, preferring first-hand vehicles… The fact remains that a second-hand car will depreciate much more slowly than a new car. You can therefore, following a resale, and without major additional financial effort, buy another car. In new, you can indeed lose up to 30% of the initial purchase value of the vehicle from the first year, and worse, up to 75% after 5 years.
The alternative to the used and new car: the recent occasion
New or used vehicle, if you are still hesitating, also think about this third solution, less known: the recent occasion. Vehicles less expensive than new, with equivalent models, and which still benefit from the Manufacturer’s warranty. Recent second-hand cars are low-mileage, well-maintained cars, since they are intended to be resold in dealerships. Discover the different offers on our service dedicated to the purchase of vehicles . Finally, note that they are usually accompanied by service packages: expertise, extended warranty, maintenance, etc.