New vs Used? Which Is Best?
One of the biggest dilemmas when buying a car is whether to purchase new or used. A lot more is involved in making the decision than just the sticker price, and both options have pros and cons. To help make things a little easier, I’ve laid out some of the advantages of both below.
Image via Flickr
Advantages of Buying A New Car
It’s Not Used
One of the biggest advantages of buying new is that you will be the very first owner of the car. A new car has not been in any accidents, it hasn’t been mistreated, it shows no wear and tear, it has a clean history, and it smells wonderful!
Made to Order
Another big advantage of buying new is that you can pretty much order your new car just the way you want it.
Full, Brand New Warranty
Anew car comes with a brand new warranty. While you can buy warranties for used cars or even go the certified pre-owned route, the best warranty you can get—without paying extra—will always be the one that comes with a new car.
Latest Technology and Gadgets
A brand new car will come with all the latest tech and gadgets!
Latest Safety Features
As vehicle safety laws continue to change and become more strict, car manufacturers continue to change the way vehicles are built and the safety systems with which they are equipped. Buying a new car means you will have the most updated safety technologies.
New cars tend to have less problems than used cars. In fact, some new cars even include free scheduled maintenance for a certain amount of time or mileage.
Advantages of Buying a Used Car
The most obvious advantage here is that a used car will be less expensive than a brand new one. This doesn’t just include the sticker price either. When buying used you often save on registration fees, tag fees and insurance. Plus, the relatively lower used-car price can often enable a buyer to step up to a nicer model.
Cars lose value over time, but the steepest decline happens immediately. With new cars, the value drops as soon as you drive it off the lot. in fact, some models can lose 40 percent or more of their value in the first year alone! With a used car, the depreciation rate is going to be a lot less, and take longer.
Lower Insurance Rates
As I mentioned above, buying used is a lot less expensive in several areas. Since insurance rates are affected by the age of a car, a used car is going to be a lot less to insure than its brand new counterpart. And remember, a little time spent comparing rates can save you even more.
Regardless of whether you decide to buy new or used, make sure you do your research first. Compare makes and models, look for reviews from car owners online, check and compare safety ratings. Doing your homework before you buy could save you money and time later on.
Looking to buy a car? Head on over to Lonestar Chrysler, Dodge, Jeep to find the perfect new or used car for you!