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New vs Used Car Quiz Part Two

Motor Mistress Opinion

Last week, we brought you part one of our New – vs – Used Car quiz. Well, we called it a quiz, but it was really a series of questions that were designed to help you make the right decision when it comes to deciding on your next vehicle acquisition.

We looked at whether being a business or an individual could affect your choice of car, considered if it was likely to be a company car, delved into the issue of mileage and took into consideration your payment preferences and budget.

Here are our final 5 questions that have been specifically designed to complete our two-part blog that will help simplify your next vehicle decision.

New vs Used Car Quiz Part Two

6. Do you want to fix your costs of motoring?

This actually seems like a bit of a silly point in question as surely everyone wants to fix the cost of motoring. However, if you buying a new or used car outright the bad news is that there is no real way that you can fix the cost of motoring.

This is especially the case with used cars when service and maintenance issues are unknown quantities. Yes, you can estimate the costs (especially with the help of CAP’s online total cost of motoring site), but you can’t accurately predict them.

Of course, the newer the car, the easier it is to fix the cost of motoring. But if you truly want to know what you will be paying out then there is really only one way to do it; and that is, of course, by taking on a (preferably) maintained PCP, lease or contract hire arrangement.

If you can’t afford to take on a maintenance contract, you can still fix the costs fairly accurately on a new car and many leasing contracts do include the road tax as part of the deal.

7. Can you keep monies in reserve for unexpected vehicle issues or problems?

This is the key question that you will need to ask yourself when it comes to budgeting; do you have spare cash to set aside for unexpected motoring issues? If the answer is no, then perhaps buying used is not the best way to go.

If you can, it is much better to bite the bullet and get a good deal on a cheaper and newer (or preferably new) car rather than take on an older vehicle that could leave you off-road in the event that any major bills arise.

8. Do you believe in buying over leasing?

If you believe in buying your car, then whether you buy new or used is totally up to you. All you will need carefully consider is depreciation – this is the main issue for anyone who is purchasing outright.

Buying new and sell on after a short time could cost you dear, but this all depends on the car and the deal that you get in the first place.

Buying used can save you the initial depreciation (which is on a sliding scale) but this depends on how old the car is; running costs need to be taken into account and you still need to look at what you stand to sell it on for at a later date.

If you prefer to lease your car then of course, a new car is for you. However, used cars can be financed on flexible low APR schemes including lease purchase, which is always worth checking out.

9. Do you change your cars frequently?

If you change your cars frequently then it is probably wiser to buy used than new – but again, this all depends on how much the car has lost already and how much you are likely to be able to sell it on for.

If you do change your cars frequently then obviously buying new and changing all the time is definitely not the best way to go if you want to minimise the loss you stand to make on cars.

Leasing a car on a contract hire basis is less flexible, but if you opt for a PCP, this provides more flexibility and still give you a low-monthly payment. Again, all leasing options tend to be geared up for new cars rather than used.

10. What is your credit circumstance?

Finally, whether you buy new or used will be pretty much decided on your financial circumstances. You may have an excellent credit score and monies for a deposit, in which case the car-buying world is your oyster.

You may, on the other hand, have a poor credit history but cash to buy a car which will naturally limit your choice depending on what your budget actually is.

There are finance schemes for people who struggle with their credit status but due to the risk involved, the APRs tend to be pretty high. In this instance, I always advise that people buy a cheap run-around if they can get the money together and sort out their credit status problems so that, at a later date, they can take on a good value lease or finance agreement that won’t be dictated by their situation.


We do hope that you have found these articles useful; feel free to browse the site for lots of information on buying and leasing cars and get in touch with @LeasingAdvice on Twitter if there is anything that you would like to see covered!

In the meantime, for any of your vehicle requirements, speak to the dedicated team at Compass Contract Hire Limited on 02392 228070 who will be able to provide you the advice that you need to get the perfect car for you and your family.

Debbie Motor Mistress Blog, Top 10 Car Depreciation Facts