As with all technology today, it’s very advanced and ingenious, and that doesn’t stop with cars. As technology improves, so does the tech in automobiles.
New cars now have the latest technology, safety features, and fuel efficiency. All of this and more make a new car worthwhile in the end.
Warranty’s are their own form of security and stability. They give you confidence in knowing your car is protected.
An appealing benefit of new cars is that they come with a manufacturer’s warranty, which provides peace of mind for repairs and maintenance. You can get on the road with no stress!
When purchasing something expensive and new, the idea of customization is always fun. Who wouldn’t want to decorate their new car with their own unique twist?
You can often customize your new car with your preferences, such as colors, features, and accessories. When you're buying used, you're almost stuck with what's in your general area (unless you want to pay a delivery fee).
Financing is a smart way to fund expensive necessities or indulgences, such as cars. When you finance, you are effectively funding a car in a way that won’t bite you in the behind in the future.
New cars have better financing options and lower interest rates, which is an appealing and beneficial pro of buying a new car.
It’s always good to have a vehicle you can rely on, and new cars provide exactly that. They are less likely to require immediate repairs.
New cars have a reliability that used cars don’t provide. You might have to deal with a recall or two, but you won't end up on the side of the road with no way home!
Now, to address the other side of the coin, new cars don’t only have pros but cons as well. Depreciation is one of them, and it's a huge one to consider.
Unfortunately, new cars depreciate quickly, which causes them to lose a significant portion of their value within the first few years.
Although new cars are more reliable, have the latest technology, they’re more expensive and often include higher insurance premiums.
The numbers might turn you away at the dealership! You can sometime negotiate a lower price, but it's a huge pain when you know it's gonna depreciate anyway.
Oh, taxes…don’t we love them? As with everything that has a price, taxes come into play at the end.
When you purchase a new car, the sales tax is usually higher than that of a used car.
Probably one of the most tempting benefits of used cars is their price. They are generally less expensive than new cars, which means lower monthly payments and less upfront cost.
Depending on the car, this could be a really great deal (as long as it doesn't break down on you). This may mean a lot more research on the front end, too.
Unlike new cars, used cars depreciate at a slower rate. They lose value more slowly since they’ve already endured the steepest part of their depreciation period.
If a long lifespan is what you’re looking for in a car, then used cars might be the better choice for you.
Insurance can be expensive on new cars, but the same isn’t often said of used ones. Insurance premiums are usually lower for used cars.
The lower insurance costs might be enough to persuade you. That's more money you can spend elsewhere in places you really need.
Cars of all shapes and sizes have been invented for decades, so the variety of used cars is seemingly endless.
The diversity of used cars gives you more options for model years, features, and prices. You’ll be like a kid at a candy store! The only limit is your local area, but you could also pay for a delivery fee.
When you hear the word “used,” you don’t typically think of higher value. However, used cars have a more beneficial value than new cars.
You can get more features for your money with a used car compared to a new one. The original buyer has already dealt with the initial depreciation.
One thing used cars don’t have is reliability. They may have more wear and tear, which requires frequent repairs.
Reliability is always good to have, and if you find yourself at the mechanic often, then maybe it’s time to consider buying a new car. Or, if you prefer, a newer used car
A warranty brings comfort to drivers, but not so much with used cars. It's what's called an "as-is" purchase. You get what you paid for. If it has a bad engine? Well, that's just something you'll have to pay to fix whether you knew it or not.
Whatever it may be, used cars either don’t have a warranty or it’s limited. You’re basically driving on the road with no protection.
