When Looking For A New Car, Consider An Old One

Many car buyers select a new car because it is more reliable than a used one. Assuming that all new vehicles are more reliable than older models is a mistake.

A recent study by insurance company Warranty Direct revealed some very surprising details regarding the reliability and repair charges for new versus used vehicles.

Results of the research indicated that older autos are less expensive to repair and less likely to break down in the first place. An older vehicle has ten percent less chance of breaking down than a more technologically advanced newer model.

People should consider this before securing car finance for a new automobile. Choosing a used model may be a better bet over the long-term.

Older models of the Audi A4, Ford Fiesta, Vauxhall Zafira, and those in the BMW 3-series are particularly appealing. Warranty Direct reported that the average repair charge for a 1995 to 2002 Ford Fiesta was half of that for models built from 2002 to 2008. Nearly half of all new Zafiras have electrical issues, twice the number of older models experiencing this issue.

While only ten percent of Audi A4s produced from 2000 to 2005 experience engine issues, 33 percent of those built from 2005 to 2009 have these problems.

One of the scariest statistics revealed by the study pertains to the BMW 3-series. A recent model is three times more likely to have a braking system issue than a model produced in earlier years.

This information indicates that while purchasing a new car might be the most appealing option, it is not always a cost-effective choice.

Shopping for a reliable used vehicle and comparing car loans to find the lowest interest rate may save money. Many used cars still have years of use remaining and have lower repair costs during the ownership period. Lopid