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Every car buyer faces this conundrum, and while we’d love to say there’s an answer as to which is better we can’t. It depends on a variety of factors including your wants, needs, budget and how much risk you’re willing to take. Hopefully we are able to provide you a little clarity and help you get ready for the exciting part of the car buying journey – test drives!

Why Buy A New Car?

First, have you smelled a new car? That alone will drive some people to only look at new cars – just something about that smell. Realistically there are plenty of benefits to buying a brand new car, and technology is a big one. In our ever changing world, even a car one year older can have drastically different technology than the current year. If you’re the type of person who lines up for the launch of the latest iPhone, new is likely your better choice.

Safety is always important and it’s another industry that can change greatly from year to year. New cars will have the latest safety features like blind spot monitoring or parking assist ensuring your protecting yourself and your family.

Everyone likes to save money, right? Fuel economy is an easy way to save money and older vehicles just cannot compare with the fuel efficiencies that new vehicles have. Something to keep in mind is that you may save a bit of money buying used, but if the fuel efficiency is significant, you could end up paying more than if you would have just purchased new!

Now the fringe benefits: you’re the first person to own the car! You know it has never had an unreported accident, been vandalized, or neglected service appointments. It’ll also come with a factory warranty that you can often extend which can give you a huge cost savings on repairs for the first few years. Buying new also gives you the benefit of getting exactly what you want. You want a red exterior and bright green interior? You got it. You want a sunroof? You got it. You want all that and a manual transmission? You got it.

Convinced that new is the way to go? Search New Car Inventory

Why Buy A Used Car ?

One of the greatest benefits of buying used is that the former owner handled the depreciation that happens with every new car. You’ve heard the old adage that it depreciates the second you drove it off the lot? That’s based in truth; a car can depreciate up to 20% as you drive off the lot. That cost savings can help you get a higher priced model on a tighter budget than if you were buying new. You’ll also get a discount on the fancy features you want as well – premium features like leather seats or heated steering wheels are not nearly as expensive in used cars as they are to add on a new one.

Buying used will also give you the benefit of hindsight. Sometimes new vehicles experience recalls, and by selecting the year you want to purchase you can either avoid the year involved or ensure that the recall has been addressed to save yourself any headaches associated with repairs.

Speaking of repairs, depending on how old the car is, some used cars are still eligible for their extended warranty which you can purchase. Not only can you absorb this cost into the auto loan, but it can help you save on repairs in the future just like when buying new.

Thinking used is the way to go? Search Used Inventory to find your ‘new to you’!