[vc_row][vc_column width=”1/2″ el_class=”stm-col-pad-right” css=”.vc_custom_1445583873131{margin-bottom: 35px !important;}”][vc_custom_heading text=”CAR FINANCE ADVISER” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1466941072386{margin-bottom: 24px !important;}”][vc_tta_accordion c_icon=”chevron” active_section=”1″][vc_tta_section i_icon_fontawesome=”stm-icon-car_sale” title=”Should you buy a new or used car?” tab_id=”1445577012477-c2089919-d41f” add_icon=”true”][vc_column_text]Let us recap on the advantages and disadvantages of buying a new car vs a used car in Lesotho.
Advantages of Buying a New Car
- Factory warranty
- No previous owners (and unknown accidents or mechanical incidents)
- Low financing rates usually available
- Few maintenance costs for 2-3 years
Disadvantages of Buying a New Car
- More expensive
- Immediate depreciation
- Unknown reliability for model year
- Higher tax and insurance costs
Advantages of Buying a Used Car
- Less expensive
- Slower depreciation
- Lower tax and insurance costs
- Reliability data available from Consumer Reports, etc.
Disadvantages of Buying a Used Car
- Unknown accident and mechanical history
- Higher financing rates
- Higher dealer markup
- Higher maintenance costs
On paper, the new vs. used debate seems fairly balanced. Financially, however, one can usually prove that buying used will save you some money – even when markups, interest rates, and maintenance costs are factored in.[/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”stm-icon-key” title=”Which bank/s can you trust to finance your car?” tab_id=”1445577012778-7f50c834-615e” add_icon=”true”][vc_column_text][/vc_column_text][/vc_tta_section][vc_tta_section i_icon_fontawesome=”stm-icon-gear” title=”Do you need a car loan or personal loan?” tab_id=”1445577154864-e8053705-41fb” add_icon=”true”][vc_column_text][/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][vc_column width=”1/2″ el_class=”stm-col-pad-left” css=”.vc_custom_1445583880769{margin-bottom: 35px !important;}”][vc_custom_heading text=”CAR FINANCE CALCULATOR” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” css=”.vc_custom_1466941088879{margin-bottom: 24px !important;}”][stm_auto_loan_calculator title=”Loan Calculator” currency_symbol=”M”][/vc_column][/vc_row]