When purchasing a used car, there's no guarantee of its mechanical condition, which is contingent on the car's mileage. Drawing from my personal experience, a friend of mine acquired a Mercedes Benz S Class 5 series with fewer than 100,000 kilometres. It operated smoothly for a year, but one day, the check engine light illuminated. Despite proper upkeep and maintenance, the estimated repair cost totalled $30,000. He had initially paid $60,000 in cash for the used car. This underscores the inherent risk associated with purchasing a used car. However, it's important to acknowledge that not everyone can financially accommodate a brand new car. This is why many people opt for used cars despite the associated risks. In contrast, new cars typically come with a bumper-to-bumper warranty spanning 5 to 6 years, contingent on the make and model of the vehicle.
