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Aside from that brand new smell, buyers enjoy many benefits when buying new. As different dealers offer different things, here's our guide to the pros and cons of buying a new car...

  

The pros

Great for convenience and peace of mind, buyers know the history of their new car and that it hasn’t previously been thrashed or suffered any abuse. It should be very reliable, too as brand new cars come with a reassuring manufacturer’s warranty, which guarantees the car’s reliability and the costs of any repairs to it for up to seven years. You can also tailor your new car by choosing the engine, trim and additional extras which suit you plus you get full consumer protection if the car turns out to be a dud.

 Convenience and peace of mind

 Reliability

 Extensive warranty

 The ability to specify engine size, trim and options

 Consumer protection

The cons

One of the greatest pitfalls of buying new is the initial drop in value during the early years of ownership. Depreciation is unavoidable, but it can be severe if you buy with your heart and not your head. You could get a similar ‘nearly new’ car for much less as it will have undergone its most major drop in value. Aside from depreciation, the regular changing of registration plates every six months means that your new car won’t have the latest plate for long and you might not get a fair deal on your current car if you part exchange it, either.

 High list prices

 Steep depreciation

 Regular registration plate changes

 Low part exchange price for your old car

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