Used vs New Cars
One of the biggest decisions you need to make when you're shopping for a car is: used vs. new cars. Drivers nationwide will get great benefits with either option, but which would be right for you?
Check out Val-U-Line®'s guide to used vs. new cars below to learn more about the benefits of each option and which is best for what you need.
Used vs New Cars
|Used Cars||New Cars|
|Typically costs less||More costly upfront|
|Used-car depreciation is much less||Car loses 20% of value due to new-car depreciation|
|Typically reliable until 100,000 miles||Repair may be fee due to new car warranties|
|Lower car insurance rates||More features and customization available|
|Registration renewal is cheaper||More financing options|
|Step up to a luxury car||Latest technologies|
Used vs New Cars: Costs and Depreciation
Cost can be a factor when choosing to buy used or new. If you want to save, you may want to stick to pre-owned vehicles. Used cars typically costs less because a new vehicle's value depreciates over time. That means a smaller price tag and more savings for buyers.
However, depreciation isn't much of an issue for used cars, which makes them a great investment, especially for young drivers. For example, if you bought a pre-owned vehicle today for around $15,000 and decide to sell it a few years from now, you'll be able to get a good return on it since its value may have only depreciated by a few thousand dollars depending on how well you took care of it.
Vehicle Options and Technologies
You can find many used and new cars across the country. One of the easiest ways to narrow down your options is to think about what you want. If you're the type of driver that wants the latest technologies, buying a new vehicle could be right for you.
However, that doesn't mean a pre-owned vehicle won't have any great features. Many used cars under $10,000 are also equipped with amenities designed for convenience, entertainment, and safety.
Plus, drivers have more pre-owned options to choose from when they're shopping. From SUVs to sedans, many dealerships offer used cars of all makes, models, and model years. So, you're sure to find one that's right for you. If you're buying new, you're limited just a few models, so it may take more time to find the best one for your specific needs.
Used vs New Cars: Reliability
New cars have a reputation for reliability, but used cars can provide a performance that's just as dependable and safe. All pre-owned vehicles come with standard safety features for a stable drive and peace of mind when you're behind the wheel. Some newer pre-owned models may even include driver-assist technologies to further ensure your safety.
On top of that, many pre-owned options at used car dealers have been inspected and restored, so you can get a vehicle that looks and performs like new without paying new car prices. Also, most used cars at dealerships come with a vehicle history reports so you can see how reliable they really are.
Should You Buy a Used or New Car?
Used and new cars both have their benefits. New vehicles can be great for those that want the latest automotive features. However, if you're looking for a vehicle that can be just as dependable and well-equipped, but also affordable, it's best to buy a used car.
For more information about used and new vehicles and which one is right for you, contact Val-U-Line® today.