Purchasing a new car is a big decision that shouldn’t be made impulsively. One of the very first choices on the road to a new set of wheels is the debate of new versus used. There are upsides and downsides to both choices. It is just a matter of what works for you, your lifestyle and your budget. Here are some ideas to get you thinking about your next vehicle purchase.
New cars will be more expensive than used cars, but you may get more car for your money if you decide to purchase something that has been pre-owned. A luxury car may even be within reach if you choose to purchase used. While a used car will generally be more affordable up front, you should take into consideration that it may become more expensive over time if it requires any additional servicing or repairs. New cars usually come with a warranty from the manufacturer. With a used car, you will typically need to purchase a warranty in order to make sure you are covered in the event of an accident or mechanical failure.
Consider the additional expenses of purchasing a car. Whether you purchase new or used, there are certain expenses that are standard, such as oil changes and yearly inspections. With a used car, however, you may end up paying for extra service appointments and, if necessary, new automotive parts such as those sold by Patrick James of Trico Group. The warranty on a new car is generally better, so if you choose to go with a used car you may end up paying for services that are not covered by the warranty.
With a new car, you can be confident that you are the first owner. When purchasing a used car, however, you may end up being totally in the dark about the ownership history of the car and any past issues the car may have displayed. You will also have to contend with the extra time it will take to transfer the title from the previous owner to you, which would not be the case with a new car.
New cars have safety features such as backup cameras, auto braking, parking assist, anti-lock brakes, automatic emergency braking and blind spot warning, among many others. If you choose to purchase a new car, it may not have these same features, depending on its age and model. Consider researching your prospective car’s safety rating, which can easily be found online. Be sure that you are comfortable with the rating of the car you are looking to purchase and that you feel secure and comfortable with your choice. Having a car that looks good is important, but keeping yourself safe is even more critical.
In the end, only you can decide which type of car to is right for you. There’s no right or wrong answer when it comes to purchasing a new or used car. Carefully examine your budget and list of “must haves.” Then make the best decision for your wallet and lifestyle.