One of the biggest decisions to make when walking into a car buying experience is whether to buy a new or used vehicle. For some, it is an easy decision, but for others, it will be up in the air for a long time before an actual purchase is made to help you speed along the process, there are some tips you can keep in mind.
The Price Difference
The initial price difference in new versus used vehicles is usually what chases people away. New cars come directly from the manufacturers, and while they are shiny and untouched, they hold a hefty price tag. It is also important to note that the minute the new car is driven off the lot, the value depreciates significantly. Used cars have normally been passed through several owners, and hold the defects from past owners.
The Risk Value
While you may save money buying from the used lot, you also take on a large risk. Used cars run the risk of developing problems, or exposing pre-existing problems under the hood. Without a warranty, you may be stuck paying for all those repairs yourself. By purchasing a new car from the lot, you can rest easy knowing that for at least 100,000 miles you will have a warranty on the vehicle.
The Purpose of the Vehicle
Another important thing to consider is the purpose of the vehicle. Why are you buying it? If it is going to be used by a student driver, or for temporary use, you may want to save the money and buy used. But, for things like a personal car, or a company car, the luxury and financial safety of a new car may be more appealing.
Whether you choose to go with a used car or a new car, you should feel happy and confident in your decision. There are serious benefits to either choice- you just have to make sure that you are reaping those benefits. If you have any questions or want to get started in the process of finding a car, contact your local dealership, or check it out here.