Have you ever asked friends or family members if you should buy a new car or a used one?
Most of the time, people will tell you a variety of different reasons why you should buy used instead of new. Well, the answer isn’t always as black and white as it seems.
Why would you buy a used car?
The most obvious reason is cost. Saving money is something everyone wants to do and is often the reason people think buying used is better than buying new.
It might save you upfront money, but it won’t always be the case when it comes to saving money over the long-term.
Here are great reasons for buying a new car than buying used.
We do want one that will not break down on us in the middle of the road that can happen more often with a used car.
A new car is not likely to break down any time soon..
You aren’t going to have to worry about costly repairs that you would when buying used. And just in case something goes wrong, a new car has longer warranty period that can cover for any repairs.
2. Safety and technological advancement
With all the technological advances this world has seen with computers and cars, they have finally been able to bring the two together. This makes our driving experience a much better and safer experience when we’re driving on the roads.
Some of the many benefits that come with purchasing a new car include
- Stability Control
- Adaptive Cruise Control
- Lane-Departure Warning
- Blind Spot Monitoring
- Rear-view Camera
These safety features used to be only for the luxurious more expensive cars. Now, they can be found in even the more affordable cars.
3. Low maintenance
Aside from being reliable and not likely needing frequent repairs, a new car has the latest technological advancement especially in fuel efficiency and parts.
The insurance rates for new cars are lower than when you buy a used car. Albeit slightly lower, but saving $50 a month can help save you a lot of money in the long run when owning a car for the next five to ten years.
Who doesn’t feel good about owning something new? After all, aside from a house, a new car is probably the second most expensive thing to buy. This isn’t really a requirement when buying a car, but is there a better feeling than being able to experience the smell of a brand new car?
For some people, cars are a status symbol. Nothing shows off how nice of a life you have more than driving a new car. Some people look down on people that have this type of mentality, but there’s really nothing wrong with it.
Simply put, people like to have nice things and they enjoy showing them off. Having a new car is no different and can boost your self-esteem and confidence.
If you are on a tight budget, then a used car might be your only option. Dealers like Brighton Holden and Brighton Mitsubishi are reputable dealers who will be able to assist you in choosing the car that suits your budget.
Another thing that can scare people away from buying new cars is the price! This is why a car dealership offers financing at competitive rates.
Find out if there are any penalties for paying your car off early when discussing with the financing department, and don’t be afraid to negotiate with the dealership so you can save as much money as possible.
Remember, you can get some pretty deals at the end of each month or year when all dealerships are trying to meet their quota. Also knowing when an all-new model of a car is coming out can put you in a much stronger bargaining position to negotiate the price down even lower.
At the end of the day it’s up to the smart consumer to do their research on how much they’ll pay, how much they can save (over time), and how much value the new car they’re looking at will retain its value.
Doing the extra research and determining the resale value ahead of time, will give you the peace of mind that you’re making the right decision when buying your new car.