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New vs. Used Cars at this economic climate

Late-model Used Car is always a better value than a brand new one. 

One or two year old Used cars are a smart buy because of depreciation, which means someone else gets stuck with the biggest value-drop. These days, cars last a lot longer, so a car with 40,000km or 60,000km can still have plenty of lifespan.

Due to weak sales, heavy incentives and discounts are offers on new cars. However, a used car is still cheaper than a new one BUT in some cases the price difference will be surprisingly small.

For example:-

  • 2007 Honda Civic 2.0S (USED) - RM108k
  • 2009 Honda Civic 2.0S (NEW) - RM128k

Lately, "Certified pre-owned" cars are another option for Toyota, BMW, VW, Benz and etc... Those cars are selected low-mileage that have been inspected, refurbished as needed and certified as being in top-notch condition.

Most importantly, some dealer have added warranty coverage as well. "Certified pre-owned" cost more than non-certified used cars, but the quality can make the extra cost more than worth it.