So you’re in the market for a vehicle, but don’t know if buying new or used is right for you. In this article, we’ll outline all the major pros of buying a new or used vehicle!
Pros of Buying New
Buying a new vehicle has many advantages and it comes with that “new car smell!” Buying a new car comes with a lot of advantages, such as a guarantee that the vehicle is new and not used by any other individual.
Warranties are also something to look consider, as a new car often comes with a time-frame warranty. There is always the option to purchase a warranty for a used or Certified PreOwned vehicle, but when buying a new car, the new car comes with a warranty. Financing is also available for newer vehicles as they have not hit their depreciation yet.
New technology and safety features are also common with new cars. If you’re interested in connectivity or advanced safety features, a new car will have those features compared to a used or older model. This means that you will always have the latest and up to date features and tech.
Pros of Buying Used
Buying used may hold a lot of advantages for a lot of people. Buying used can open up a lot of different doors for many people. A used car can still be a newer model or even a luxury brand.
Due to used cars generally being less expensive than brand new cars, a buyer may be able to splurge on a nicer or newer used vehicle.
Depreciation also works in buyers favor here too. Some models depreciate as much as 40% as fast as the first year it’s been released. With a used car, a buyer doesn’t have to worry about depreciation once they roll off the lot.
Cheaper insurance is also a factor in buying used as used vehicles don’t need Gap Insurance to cover the vehicle. Tax and registration fees are generally lower for used vehicles as well.
Buying a new or used vehicle have a lot of benefits that really depend on what you’re looking for. Whether you’re looking for a new car with the latest tech, or an affordable car with great benefits, check out our new and used cars on our website and schedule a test drive today!
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