Is there any benefit from buying a brand new car rather than a 2 or 3 year old besides a new car smell?

Hi Patrick

In my opinion one of the main considerations is the low running costs of a new vehicle. This is due to the fact any major issues should be covered by warranty and you may also get capped price servicing for the first couple of years. Obviously you have to weigh this up against the additional cost of buying new vs second hand.

All the best.

Amy Ferguson
www.incams.com.au

Hi Patrick,
The first thing to remember is that cars are a waste of money. If you need to replace your car or buy your first car spending around $15,000 on a 3 year old car should be cost effective and get you a quality vehicle. If you buy brand new you can burn up to 30% of the value the day you pick it up.

Hi Patrick, unless you are intent on brand new, i would buy near new or a demo model as you still have the balance of new car warranty and it has already dropped by at least 10% from new so a lot more value for money . Regards, Dino Tartaglia XLR8 Loans