You might be tempted to purchase a used vehicle when it is time to replace the car in your garage. After all, a used car may seem to cost less money upfront than if you buy a new car.
However, savvy car buying shoppers know a new car is often the smart way to go for several good reasons. Here are a few facts that may help you decide that buying a new car is a much better option in the long run.
Better Numbers
If you need to finance a car through banks, credit unions or car dealerships, you may get a better rate when you buy a new car than a used car. Why? Because new cars involve less risk for lending institutions, since new cars are worth more money if buyers default on their loans. This higher value means lenders feel they can safely offer new car buyers a lower interest rate for loans. So, although the initial sticker price of a new car might seem high at first, lower interest rates can end up making the new car a better deal over time.
Solid Facts
There are many places to find accurate information about new cars, since many trusted publications provide buyer’s guides, information, and statistics throughout the year. They also provide comparisons, shopping advice and more for new car and truck buyers.
For example, if you decide to research a new Dodge Ram 1500, you can find facts that will help you to decide to purchase it. Although you can find similar reports and statistics for used cars, the information is not quite as helpful, since it is impossible to show how the previous owners maintained or treated their cars or trucks. Although you can attempt to counter that problem by taking a used car to an automotive shop for a pre-purchase inspection, you still must ultimately rely on the mechanic’s opinion and over-all best guess, and also how the car looks and drives at the moment. The information they provide can be correct at the time, but they really have no way of knowing what the future may hold for the life of the car.
All Yours
Nothing compares to the look, feel, smell and bragging rights of a brand new car. You will be the first owner to use the navigator, air conditioner, sound system, and other features, so you won’t need to wonder if they have been abused or busted by a former owner.
In addition, you can purchase exactly what you want. It’s all up to you! You can select the color and style of your dreams, and you can select features to fit your lifestyle. Furthermore, since you’re buying a new car, you will receive a full warranty if they are offered. When you buy used, you may be buying somebody else’s past troubles.
No Hidden Costs
Since a new car has no miles or wear and tear on it, you probably will not have repair expenses for quite a while, so you know what you will need to spend on it each month. Most likely your expenditures will include gas, insurance, and perhaps a car payment. That’s about it. You can count on it.
A used car is more likely to experience breakdowns and unexpected repairs, which can cost you extra money each month. This can also result in missed days at work, tow-truck fees, and you may even need to pay for items like a rental car.
