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THE NEWCAR ADVANTAGE
Worry-free Warranty
A manufacturer’s warranty could cost you
hundreds if not thousands on repair bills.
Most new vehicles comewith comprehensive
coverage for at least three to five years. If
something goes wrong, it’s likely covered.
Latest Tech and Safety Features
From adaptive cruise control to Apple
CarPlay, new cars are rolled out with the
latest gadgets and safety features. If you’re
a tech enthusiast or safety-conscious driver,
a new car can offer the latest advancements
that older models simply don’t have.
Easier Financing Options
Banks and dealerships often offer lower
interest rates on loans for new cars.
Promotional financing deals can sometimes
make monthly payments more manageable,
especially when spread over longer terms.
Lower Maintenance (at first)
Aside from the usual oil change and car
inspections, there isn’t much to worry about
for the first few years. Get yourself a reliable
brand, schedule regular servicing, and you’re
off to a good start.
Yes, you’ll probably have to pay more down
the road but that goes with almost every car.
As a newowner, you’re less likely to deal with
hefty repair bills in the long run.
THE USED CAR APPEAL
You Pay Less
This is the most obvious and most important
reason why people buy used cars. It’s just
cheaper.
More importantly, they’ve already taken the
biggest hit in value — depreciation. A new
car loses around 20 to 30 per cent of its
value the moment it’s driven off the lot. A
car that’s two or three years old? It’s already
stabilised in price, and you’re getting more
car for less cash.
Your budget might only stretch to a basic
new car, but the same amount could land
you a well-specced used model with all the
extras like leather seats, sunroof, or even a
turbocharged engine.
Lower Insurance Costs
Insurance is typically lower for used cars,
especially if they’re several years old. This
is a major win for younger drivers or anyone
trying to keep monthly expenses in check.
Room To Haggle
Everyone loves a bargain. Used car dealers
are more open to price negotiation. If a used
car has minor cosmetic issues like chipped
paint, use it to your advantage.
THE NOT-SO-FINE PRINT
Whether you’re eyeing something new or
used, there are trade-offs worth considering.
Maintenance and Repairs
New cars rarely need major repairs in the
first few years. But with used cars, you’re
potentially buying someone else’s problems.
The worst kinds of defects will not only burn
your wallet but also put your safety at risk.
Warranty Coverage
Used cars may be out of warranty unless
they’recertified pre-owned. That means you’ll
need to factor in potential repair costs and
consider getting an extended warranty for
added protection.
Financing and interest rates
As mentioned, new cars often come
with attractive interest rates. Used cars,
particularly from private sellers, may come
with higher interest if you’re financing
through a bank or require more upfront cash
if paying in full.
Choice and variety
With new cars, you may be limited by
availability, colours, or trim packages. In
comparison, the used market is wide open
but alsomore competitive. Someone could’ve
driven off with your dream used car before
you even schedule a test drive.
DECISION TIME
Choosing between a newor used
car often boils down to your
circumstances. Ask yourself the
following:
What’s your budget?
If you’re on a tight budget, a used
car might stretch your ringgit
further.
How long do you plan to
keep the car?
Just a couple years? You may
want to consider if the hefty price
tag and depreciation is worth it.
How risk-averse are you?
Would you fully trust a used car
owner when they say their car
has no hiddenor major problems?
How often do you drive?
Daily long commutes might
call for a new car with warranty
coverage. But for occasional or
weekend trips, a used car will
work just fine.
In Brunei, where public transport
is limited and car ownership is
practically essential, this decision
is more than just a financial one
— it’s a lifestyle choice.
New cars offer convenience,
reliability, and the undeniable
appeal of that showroom shine.
But used cars can deliver
exceptional value, variety, and
flexibility for those willing to do
a bit of research.
Sowhether you choose the scent
of a brand-new dashboard or the
character of a car with a little
history, remember: the best car is
the one that meets your needs —
and keeps your journey smooth.
After all, every car tells a story.
Yours is just getting started.
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