The age-old car-buying question: should you buy new or buy used? We’ve outlined some of the advantages of both options to help you decide.
Do you want the latest and greatest automotive technology? The only way to do that is buy new. Slightly used vehicles by no means offer obsolete technology. But, as fast as automotive technology evolves, a new vehicle can offer a distinct advantage in this regard.
Do you enjoy the confidence and surety that comes along with a new vehicle warranty? This is one of strongest advantages of buying new. You can drive off of the lot knowing that no one else has ever owned, and potentially worn out, your vehicle.
And finally, some people just love the shininess of a new car—not to mention that new-car smell.
Do you have several “must-have” features? Buying new can often mean forgoing some of the features that mean a lot to you. On the other hand, buying used can mean getting exactly what you want. Do you like a more powerful engine or interior amenities like leather or heated seats? You may be able to afford those if you consider buying used, whereas they might be unattainable with your budget at new-car prices.
Do you appreciate value? Used vehicles do not lose value as quickly as new vehicles. This means that if you think there is a possibility you may need to sell within two or three years, a used vehicle is to going help you recoup more of the original purchase price.
Most importantly, think about what’s important to you. That’s going to be what helps you decide in the end whether to buy used or buy new.