IS buying Brand New car worth it

People find something extra attractive about new car as the cars have amazing attraction and obviously untouched. When every thing is new you definitely like it as it looks better than older one. You become anxious to buy it whether is expensive or cheap.

But is the buying behavior is right?

Some will say yes and some will say no, as every one has freedom to choice but the fact is that when you purchase a car which is latest, after the delivery the car’s value decreases to 20 % from the actual cost. More over this decrease will raise in first year of purchase a company which calculates car ownership cost estimated that the new car losses 40 % of it original value and this company is Vincentric.

The company also believes that when you purchase new car, its maintenance cost will be higher than old model as the spire parts of new cars are difficult to find and you don’t have any choice but to purchase them. On the other hand when you are buying an old model car you will have luxury of number of choices. Vincentric’s report recommends buying cars which are 2 to 3 years old in the market as they have the best value.

Lot of us luxury in new car is more than an old one; well this perception is totally wrong. If lets suppose its true even then paying that much for luxury makes sense I think no because now a days you can find all the safety features and luxury things like soft seats , ac and all other such things in most of the cars and they are cheaper too so why to pay off that much for new one .

Some people think that buying new cars is far better than old as you have a relief that this will not out of work for some times but according to calculation new car’s expenses are more than old one even it 20 year. It is found that people buy expensive cars as they have great resell values as well but people don’t thing about their depreciation , repairing and maintenance costs, these costs are so high that you reselling them is not a beneficial for them.

However this was my point of view about new cars and I hope you like it, I am not against buying new cars, I am against wasting money of worthless cars.