{"id":18499,"date":"2020-09-07T14:39:41","date_gmt":"2020-09-07T06:39:41","guid":{"rendered":"https:\/\/www.carsome.my\/news\/?p=18499"},"modified":"2024-04-23T10:58:49","modified_gmt":"2024-04-23T02:58:49","slug":"buying-a-used-car-3-reasons-why","status":"publish","type":"post","link":"https:\/\/www.carsome.my\/news\/item\/buying-a-used-car-3-reasons-why","title":{"rendered":"Buying A Used Car: 3 Reasons Why"},"content":{"rendered":"

Buying a car is a big decision\u2014whether you are buying a used car or new car. <\/span>To some people, it\u2019s more than just getting from one place to another, but also a matter of pride and status. Well, contrary to common childhood dreams, a sparkly new car may not always be the ideal option\u2014you\u2019d be surprised by the number of advantages in buying a used car instead!<\/span><\/p>\n

\"\"<\/span><\/p>\n

Minimizing depreciation costs\u00a0<\/b><\/h2>\n

One of the biggest advantages of buying a used car is that you don\u2019t have to bear its depreciation costs. Within a few years, it\u2019s highly likely that you\u2019ll be able to sell your car for nearly the same amount that you paid for.\u00a0<\/span><\/p>\n

A brand new car depreciates within its first few years of use\u2014which is why the price difference between a new car and the same model with 5 years of use, can be huge:<\/span><\/p>\n\n\n\n\n\n\n
Year 2018<\/b><\/td>\nPrice<\/b><\/td>\nYear 2013<\/b><\/td>\nPrice<\/b><\/td>\n<\/tr>\n
Honda City 1.5V<\/span><\/td>\nRM86,983<\/span><\/td>\nHonda City 1.5E+\u00a0<\/span><\/td>\nRM48,800<\/span><\/td>\n<\/tr>\n
Myvi 1.5 AV<\/span><\/td>\nRM54,090<\/span><\/td>\nMyvi 1.5SE<\/span><\/td>\nRM31,000<\/span><\/td>\n<\/tr>\n
Toyota Vios 1.5J<\/span><\/td>\nRM77,200<\/span><\/td>\nToyota Vios 1.5J<\/span><\/td>\nRM42,800<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Credit: <\/span>majalahlabur<\/span><\/a><\/span><\/p>\n

It won\u2019t affect your DSR rate as much\u00a0<\/b><\/h2>\n

A used car\u2019s price will most definitely be better for your financial track record as its lower monthly payment won\u2019t affect your Debt-Service-Ration too much. This is how banks calculate whether you\u2019re able to afford the loan you\u2019ll be applying for:\u00a0<\/span><\/p>\n

Formula used to calculate DSR:<\/span><\/i><\/p>\n

\"Buy<\/p>\n

Credit: WorldOfBuzz<\/span><\/p>\n

Every bank analyzes DSR slightly differently, but it\u2019s good to keep it within 60%. Therefore, if you\u2019re committing to a big investment, buying a used car might be the more sensible choice for you.<\/span><\/p>\n

Eco-friendly\u00a0<\/b><\/h2>\n

From an environmental point of view, it surely is better to buy a used car or keep your existing car well-maintained for as long as possible. But that aside, environmental impacts happen when manufacturing a new car and also when you toss your old car into a junkyard. When a new car is being manufactured, all the different materials used (like steel or rubber) leave carbon footprints behind\u2014and that\u2019s before the car is even bought and driven on the road.\u00a0\u00a0\u00a0<\/span><\/p>\n

You might be wondering \u201cWhat about used hybrid cars?\u201d Yes, it lowers the impact of emissions by 15%\u201330% when you\u2019re on the road, but you\u2019d be surprised by the output of carbon dioxide during its manufacturing stage. While electric cars seem to be more of an environmentally friendly option, it may cause a negative impact if the outlet in which the vehicle is charged is not connected to a renewable energy source\u2014the vehicle is only free of emissions if the outlet is connected to a renewable energy source and not a coal based power plant.\u00a0<\/span><\/p>\n

Unfortunately, decision-making during adulthood isn’t as simple as black and white, especially when it\u2019s spending a chunk of your savings! We hope this gave you some insight\u2014and that no matter what car it is, we\u2019re here to help. Find your dream used car here<\/a><\/span>.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a car is a big decision\u2014whether you are buying a used car or new car. To some people, it\u2019s more than just getting from one place to another, but also a matter of pride and status. Well, contrary to common childhood dreams, a sparkly new car may not always be the ideal option\u2014you\u2019d be […]<\/p>\n","protected":false},"author":2,"featured_media":18503,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"yoast_head":"\nBuying A Used Car: 3 Reasons Why - Carsome Malaysia<\/title>\n<meta name=\"description\" content=\"Buying a car is a big decision- whether you are buying a used car or new car. 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