When it comes to cars, the decision to buy new or used (fresh imports or local second hand cars) depends on the buyers financial muscles. A budget of KES 1 million will get you a decent freshly imported Toyota Corolla saloon that is 4 or 5 years old. A new car of the same model and type goes for about KES 2.5 million on the local market.
For purposes of class, one could get a bigger, more sophisticated and loaded car for even half of the cost one buys a smaller new car on the market. As Michelle Krebs (cars.com) reckons, buying a used vehicle has its risks, which could cost you more over the life of the vehicle. The fact is, she says, you are buying a vehicle that someone else has owned and driven. You don't know how it's been driven or how well it's been cared for. A used vehicle will require maintenance and possibly expensive repairs far sooner than a new one, and these repairs probably won't be covered by a warranty.
Her are a few notes from both side of the coin as thought out by Michelle Krebs.
New Cars
For some people, buying used isn't an option; they want a brand spanking new car. They want to select the color and all of the features that go on it. There's definitely a pride of ownership and peace of mind in being a vehicle's first owner. Some of a new car's advantages include:
Used Cars
If you're not married to the idea of buying a new car, used vehicles have their own benefits:
Then again the real question you should be asking yourself is, can you afford a car?
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
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