Tips for getting on the road: Should you buy a NEW OR USED CAR?

NEW OR USED? HERE ARE THE PROS AND CONS OF BOTH!

- John Law and Tom Fraser

So it's time to get yourself a new set of wheels, but in today's market with prices climbing, ever-extending wait times and mend-and-make-do semiconductor specials - is it worth your while considering a second-hand option? It seems like a leap of faith when there are now so many, simple ways to buy a new car, both on or offline.

Remember, the world of second-hand car sales hasn't been immune to price-gouging either but you may be able to grab yourself a much better deal on a used vehicle than a new one. Here's an objective look at the pros and cons of buying new versus used.

BUYING NEW

THE PROS

■ Freedom of choice: A major advantage of buying new is the ability to choose your preferred spec level, paint colour, options and engine. If you're someone who knows what they want and is happy to pay (and wait) for it, buying a new car from a dealership allows for a multitude of options and a personalised buying experience.

■ Latest technology: Having the latest technology like wireless smartphone mirroring and up-to-date navigation systems means no extra spend later on. Given our lives are so tech-heavy now, it makes sense to keep up with the times.

■ Peace of mind: This is possibly the biggest drawcard - manufacturer warranty. Many carmakers now offer five, seven or even 10-year warranties, meaning the car may be covered for your entire ownership. The rise of capped-price servicing plans that paint a photo-realistic picture of ongoing costs also makes it easier to budget.