ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Higher cost
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Higher insurance fee
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Better financing
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Limited choice
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Detailed explanation-1: -One of the biggest cons of purchasing a used car is reliability. Typically, second-hand cars are less reliable compared to brand-new cars. The older the vehicle, the more you spend on maintenance, repairs and parts replacement.
Detailed explanation-2: -Pre-owned cars come with a lower price tag and offer a much better value for the amount paid. You may compare numerous models from various used car dealerships, and select the model based on your needs. While doing so, compare the quoted rates and choose the dealer offering the best rate for the car.
Detailed explanation-3: -A new car offers better mileage, which can be around 4 KMPL more than the used one. So, if you plan to drive the vehicle for 10, 000 KM a year, the total cost of fuel will be relatively higher for the second-hand car.
Detailed explanation-4: -There are many hidden costs The cost of running a car can often be much higher (in the long run) than using public transport. Wear and tear is expensive, and it can cause a lot of unexpected overheads when you endure a long commute.
Detailed explanation-5: -Not Made to Order. When you buy a new car, it’s made to order. Little to No Warranty. Old Technology. Possibly Less Safe. Worse Fuel Efficiency. Little to No Financing. High Maintenance. Previous Owners. More items •18-Oct-2017