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Deciding to purchase a new or used car is a common dilemma that car buyers face. Ultimately it boils down to the buyer's affordability as a trade-off to peace of mind and less effort. Here we discuss some pros and cons of both new and used cars.

Some buyers want a brand new car, with the colour of their choice and customised functions and features. There is a higher sense of ownership and peace of mind in being the vehicle's first owner. The new car most likely won't need major maintenance for the first several thousand kilometres. Only the routine maintenance of oil change and tuneup is required. Some manufacturers cover the routine maintenance for the first few years. The new car most likely won't need new tyres, battery, exhaust system or brakes during the first few years too. Manufacturer warranty mostly covers 3 or 4 years.

However used cars also have their benefits. The condition of used cars in Singapore is generally good. With caution and proper homework done, it is possible to get a 2/3 year old car that feels like it is new. What's more, the cost is significantly lower than a car driven out from the showroom.