New or Used? Here’s how to pick a car for a new driver

Should you drive a new or used car? Ah, the age-old question that haunts every new driver! Everyone seems to have their own “best” answer. Some swear by pre-owned cars; they’re affordable, so scratches and dents sting less, and car insurance usually costs peanuts. Others say, “Go new!” Why sweat breakdowns and surprise repairs when extended warranty and comprehensive insurance have your back?

The truth is, there’s no one-size-fits-all answer! It’s not always an easy choice, because it all boils down to what matters most to you and your budget. But a few factors can help you make the right decision.

Here’s how to decide between a new or used car

Think about your budget

Let’s talk money matters first! No shocker, new cars are more expensive and demand hefty down payments. Throw in VAT, registration, and car insurance and you may be risking draining your bank account. Used cars are generally more affordable, but financing or leasing options might be limited.

Sure, a used car might not have that magical new car smell — but it can save you money while retaining more of its value. As a newbie, you’re more likely to collect a few bumps and dents along the way. With a used car, you won’t lose sleep over a bumper scratch (because let’s be real, they’ll happen!)

Think about specs and features

When it comes to features and specs, new cars may excel over used ones in a few key areas:

1. Customization compromise?
   A new car allows you to choose the model, color, and accessories as you please. Used cars, of course, are limited to what’s available in the market at the time. Don’t despair! The second-hand market may offer spec-tacular choices within your budget that would only get you a basic model brand new.
   
2. Safety
   Most new cars come equipped with the latest safety features, like blind spot warnings, that might be absent in older models. While these ADAS systems can provide an extra layer of protection and confidence for new drivers, some worry they make them rely too heavily on the technology instead of being responsible and alert.
   
   But here’s the thing: no matter how many safety features a car has, it cannot prevent accidents 100%.
   
3. Fuel efficiency
   New cars are way more fuel-efficient than older models. With the new fees added to istimara renewal, fuel efficiency is something to keep in mind when you buy a car — especially since it’s an ongoing expense.

Think about how much you’ll have to pay for car insurance

It’s no secret that younger drivers (usually under 25) face higher car insurance rates. Why? Well, they’re newer to the road, which means they’re more likely to be involved in accidents. Still, age isn’t the only factor that affects how much you pay for car insurance in Saudi. Here’s the scoop on what else affects your rates:

• 1. The car itself. Stats show that some cars are accident magnets, leading to pricier insurance.
• 2. Expensive cars come with expensive bills. The more your car costs, the more it costs to fix or replace, so expect higher insurance rates for new cars or luxury rides.

Overall, used cars are cheaper to insure, especially if you’re getting comprehensive insurance. Why? Because if something happens, it’s usually cheaper to fix than a brand-new shiny model 🔗 Here’s the difference between comprehensive vs TPL insurance.

Remember, this is just a general idea. To get the best car insurance deal, use comparison websites to get quotes from different insurance companies. They’ll help you find the perfect fit for your wallet and car!

Factor in how you’ll handle breakdowns and maintenance

With a new car, you likely won’t need to worry about any hidden mechanical problems in the first few years. And should something happen, you have the benefits of warranty, comprehensive insurance, and roadside assistance services to help you deal with repairs and maintenance.

On the other hand, used cars may be easier on the wallet upfront, but they need maintenance more than newer models, and the bigger concern is unexpected problems demanding expensive repairs. So, consider buying certified preowned cars offered by dealerships. These cars undergo thorough inspections and come with warranties, offering peace of mind similar to new cars, but at a more affordable price point.

Think about resale value

Finally, when it comes to resale value, used cars take the cake! New cars lose 10-20% off their value just in the first year. That’s a financial hit for the first owner, but a potential golden opportunity for secondhand buyers. Besides, the impact of dents or scratches on a car’s value is more substantial for new cars compared to those already displaying signs of wear and tear. In some cases, you can sell your used car for the same price you bought it for – talk about a win-win!

New vs. used Car: a quick comparison

	New Car	Used Car
Price	Higher	Lower
Technology & Features	Latest and most advanced	Older, may lack advanced features
Warranty	Standard coverage	Limited or nonexistent
Depreciation	Faster in first few years	Slower, stabilizes later
Maintenance Costs	Lower initially	Higher due to repairs and upkeep
Fuel Efficiency	Generally better	Varies depending on age and model
Hidden Defects	Unlikely	Possible
Financing Options	More flexible and available	Fewer options
Insurance Cost	Higher due to higher value	Lower due to lower value

Bottom line: it’s all about what you’re looking for

In a nutshell, there’s no one-size-fits-all answer for the “new vs. used” dilemma. Take your time to weigh these factors, prioritize what matters most, and compare your options. With a bit of research, you’ll surely find the car that takes you places for years to come, without any buyer’s remorse!
And hey, keep in mind that car dealerships often roll out special deals, especially around Ramadan. Nailing down the best price for your dream ride and snagging a good insurance deal can make a world of difference. Use a price comparison website to get quotes from different car insurance companies in Saudi easily.