The most important question to ask yourself when shopping for a car is probably the simplest: New or used? While there are advantages to purchasing a shiny new vehicle, more and more buyers are viewing pre-owned cars as a more viable option. Ultimately, the choice is yours. But before you write off buying a used car, consider the benefits.
Although it may seem obvious, pre-owned cars are generally significantly less expensive than their brand new counterparts. Let’s say that you’re interested in purchasing a particular model, but can’t afford it new. Would you rather purchase a used version of that model or settle for a less appealing new car? All other aspects considered equal, most shoppers would prefer the former option, especially if it’s a quality pre-owned car from a reputable dealer like A Better Way Wholesale Auto.
The last thing most buyers think of when shopping for a new vehicle is its resale value. Don’t make that mistake. Knowing just how much your car will be worth in a few years time is imperative. Generally speaking, new cars do not retain their value. From the moment you drive a new car off the lot, it begins depreciating. Depending on how much you drive it, your expensive purchase can lose a staggering 40 percent of its value in the first year. After three years, you’ll be lucky to sell your vehicle for half of its original price.
Pre-owned cars, on the other hand, do not depreciate as quickly. If a car is three years older or more, its value only dips incrementally. There’s also less anxiety associated with driving a pre-owned car. While no one wants to put a scratch or ding in any car, drivers are particularly apprehensive about damaging a new vehicle.
Your insurance rates are directly correlated to the car you drive. If you drive a new car, your premiums will be higher. You’ll also be inclined to purchase collision insurance. Whether you purchase new or used, be sure to research your expected insurance rates. Otherwise, you might be in for an unpleasant surprise.
Just because you can’t customize a used car, doesn’t mean you won’t have choices. Some independent dealerships like A Better Way Wholesale Autos carry tons of inventory. Not only will you be able to test drive the model of your dreams, but you’ll also be able to try out models from different years. Maybe the car you really want is no longer made. In that case, the only way to acquire one is to purchase it used.
And let’s face facts: all the extras associated with new cars often cost far more than they’re actually worth. Detailing packages, extended warranties, special tires—more often than not, you can have a third-party install these options for less than what the dealership charges.
Back in the day, purchasing a new car was a no-brainer. But times have changed. Today’s cars are built to last. The average car buyer keeps his or her vehicle for an astounding 11.1 years, and this number is only expected to grow. Thus, just because you can’t afford to purchase a new car, doesn’t mean that you’ll be regulated to an old clunker that breaks down after a few months.