A "new" car
It happened two weeks ago that my wife called me and told me that she had an accident with our Volvo V40 which we drove for nearly 13 years and had more than half a million kilometres on the clock. At the traffic lights in Groningen another car reversed full power into the front of our car.
Our Volvo V40 has gone to carheaven
It was declared by the insurrance company as a total loss. Bummer now we needed all of a sudden another car and we are not that rich at the moment. So we are using our holiday payment and tax money to find something else. And yes we succeeded. We bought a Volvo V70 from the year 2002. The insurance money is peanuts so that doesn’t help much. I have been on the net for many hours to find us something suitable.
On the net
If we all had our way, every car we ever buy would be brand new; shiny, unmarked, and full of the new car smell. However, the reality is that we're often restricted financially, or circumstances may present us with a second hand car as our most convenient option. There are pros to both options, so it's worth considering your choices before you make that big purchase.
The Dream for us the Volvo XC70
Obviously there are some clear upsides to buying a brand new car. A vehicle which has never been driven will offer better, fresher performance, and likely it will be more reliable too. Having a car fresh from the dealer means you know it's had the full gamut of checks and inspections, and you can rest assured you are now driving a smooth-running car. You should also be given a warranty to give you for the first few years and with a new car you will pay less in running costs.
There are a lot of cars for sale
This isn't to say that a second-hand car is not as good as a new one. In many cases a well-cared-for vehicle offers much the same quality, ability and style as it did when it was first driven out of the dealership. And second hand cars don’t mean you can’t get a warranty. Many approved-used deals will offer a 3 month warranty even if the car is a few years old.
The Volvo V70 model 2014
So why buy new? There certainly are things to consider when opting for an unused car. A brand new vehicle is more expensive of course. And, despite paying out for a fresh new model, it will depreciate greatly in the first 12 months, and as much as 35% in the first three years, which means you can lose more than a third of what you paid for it.
Of course, some financial benefits, such as interest-free finance, only come with a straight-out-of-the-dealership option. This might be a more preferable and beneficial arrangement for you, in which case buying new is the way to go. And after all, with a used car you never really know its history so there are always thorough checks which need to be made before you can confidently drive it away.
Our new Volvo, a real family car
At the end of the day, it is worth asking yourself what you need, and want, in a car. If you really do want to buy one which is brand new, consider the reasons for this. Obviously there's nothing quite like choosing your ideal vehicle and being the first person to own it, but it can be a smart move to look at some second-hand options as well.
the half million was just reached a few months ago
Even if you do decide that a shiny new vehicle is the best choice for you, at least you'll be able to relish the peace of mind that you did some prior research. At the end of the day, a car is a major purchase, and it never hurts to check out all the options.
Now we have to save some money to buy a LPG installation and get it build in. That will save us many euros and we can drive many happy kilometres. We still keep hoping that we will win something in the lottery so we can live a bit easier.
Make many save kilometres with your “new” Volvo and drive towards the horizon.
The Old Sailor,