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When buying a new car, there’s no argument that pros outweight all cons versus buying a used car. The biggest advantage there is that the simple fact that its new – you know for sure that noone driven your car before you, it is 100% working and ready to go and all the parts are original. As opposed to when buying a used vehicle, you never know what previous owner had done to fix it up and if the required maintenance was done regularly and properly.
Also your new car could not have been in an accident hence it can’t have hidden damages that you can usually find on a used vehicle. Obviously your new car comes with a warranty. Often it is given either for a certain period of time or a certain mileage. For example you may get a warranty that covers 3 years of usage or 50k mileage. That means if you reach 50k miles faster than 3 years, then the warranty will cease.
As far as the cons go, there are only a few. First and probably the biggest disadvantage is the high price of the vehicle which sometimes you simply cannot afford to pay. However, nowadays you can get a good financing rate so that you can pay off your car over a certain period of time rather than pay in full at the time of buying. Another disadvantage is the depreciation rate. As soon as you leave dealership, your car begins to lose its value rapidly. It doesn’t even matter how many miles you will drive, after a year or two your car may be only worth 50% of the original price.
Another factor to consider is the attractiveness of your brand new shining toy which makes it a desirable target for auto thieves. You can find a list of the most stolen vehicles at the WikiPedia website.