Should I buy a New Car or a Used Car

Buying new or buying used, this is a question everyone has to answer before they purchase their next vehicle. We wanted to give you all the information up front to help you make the decision that best fits you.


Reasons to buy new

Warranty

It’s a new car, so it’s warranty is untouched. Sure you can buy a warranty on a used car, but the best warranty –witout paying extra- will be the one that comes with your new car from the manufacturer. Sorry used car, you just can’t beat that.

Technology

Technology changes year after year. A 3 year old car can lack certain features you really want. Buying new ensure you have the latest and greatest tech to help enjoy your new ride.

Safety

As the years pass, vehicle safety laws become more and more stringent. This makes automakers build safer systems for their vehicles. Purchasing a used car means you may not get the safest vehicle you can. Technology like blind-spot monitoring systems, side curtain airbags, adaptive cruise control, and brake assists are becoming more and more prevalent on less expensive cars. Soon they too will most likely be mandated.

Higher Fuel Economy

The government has cracked down on fuel emissions and fuel economy. So automobiles as a whole are getting more fuel efficient, and also more powerful. Plus with the rise of hybrid or electric cars, you can really stretch your dollars. 

Reasons to buy Used

Price

The used car will (more than likely) always be less expensive. This gives you a little more room to step up to a nicer model. For instance a 2015 Outback with everything you want could be less than the 2017 Outback base model. You sacrifice a few years to get the comfort level you want.

Depreciation  

This is a big one, because cars lose value with each mile they are driven. The biggest decline in value happens right away. The second that vehicle leaves the lot, it depreciated it’s value. Some vehicles lose 40 percent of their value in the first year alone. That’s where buying used saves you money.

Insurance Rates 

Purchasing a new car means it’s going to cost more on insurance. Having a slightly older model vehicle saves you some cash every month.

Choice

Buying used gives you the advantage of finding exactly what you want. Some models are no longer offered, or maybe you want after market parts or modifications. When you buy used, you open yourself up to a much larger array of vehicles to choose from.

 

As with every big decision, it’s important that you weight the advantages on both sides. They also have their disadvantages. Take time to think about what vehicle type works right for you before stepping onto the lot. Knowledge is power, so do your research.

Categories: News

Comments

Nothing posted yet.
Post a Comment