By Randell Tiongson
On buying a car, they say that you’ll lose money on depreciation when you buy a brand-new car while others say maintenance for a second-hand unit is more expensive. All things being equal, should I buy a brand-new car or a second-hand one?—Jerome Bautista via Facebook
What would you advise someone who is buying a car—get a brand-new one or a second-hand? If you were to ask Gus Lagman, the president of the Automobile Association Philippines (AAP), this question, he would probably answer: “Second-hand.”
Like couture, there are many advantages in buying things second hand. There’s your contribution to the environment (lessens the carbon footprint of producing the same item) and of course the cost.