The most prominent debate people face when upgrading their vehicles is if they should look for a new or used car. Unless you’re planning on leasing, purchasing a car is generally a long-term commitment. Most drivers keep their vehicles for five to ten years, so knowing your options is the best way to make your best decision.
While there are reasons why someone would explore used cars over new options and vice versa, it’s not always a clear-cut decision. What is right for you might not be the best decision for someone else.
Here are some things to consider when comparing used cars to new cars:
Why New Cars Are Awesome
It’s always tempting to look at a brand new car when you need a new form of transportation. Most often, drivers point to the fact that new vehicles should be without issue. For the most part, new cars should come off of the assembly line ready for the road. Since they’ve never really been driven, there aren’t any concerns about previous maintenance records, accidents, etc.
Another perk of a new car is that you’ll get the most up-to-date technology. It seems like auto manufactures are coming up with incredible features every year. Part of these technological upgrades includes building cars with better gas mileage and longevity than previous models.
The downside of buying new is that you’re going to pay more. On top of that, new vehicles depreciate in value almost immediately. Insurance costs, taxes, etc., will also cost more. New cars also lack the kind of data you find on older vehicles. As a vehicle hits the road, manufacturers and other organizations collect data, create reviews, and prepare additional information that might impact your purchasing decision. While new cars often have some data available, it’s hard to know exactly what to expect.
Why Used Cars Are Awesome
Used cars come with some wear and tear on them, which can be a turn-off for drivers who like things in pristine condition. In exchange, used cars come at a much lower price. Older models can be downright cheap, while newer models just offer a discount over their new counterparts.
Those who are interested in maintaining the value of their vehicles love how used cars depreciate at a much slower rate. You’ll also enjoy lower insurance and registration costs.
While new cars may not have the absolute latest and greatest tech available, you can often find options with the features you want. Drivers have to weigh the pros and cons of available features and overall costs.
Should You Buy New or Used?
Deciding between a new or used vehicle comes down to what’s important to you. If you’re looking to save money, a pre-owned vehicle will give you better value across the board. If, however, you prefer a car that’s never been touched by someone else, you can’t beat a used vehicle.
Ultimately, you should consider what you need from your next car, along with your budget and available financing options. The numbers may decide for you. If nothing else, stop by your local auto dealership and see what’s out there. You might be surprised at what you’ll find.