New vs Used Cars
Buying a new car is often daunting and can send your head spinning with all the red tape.
Yet Americans buy around 17 million cars and trucks each year!
An important task before setting foot on a car lot is research; lots and lots of research.
You need to have an idea about what your price range is, what your needs are, what kind of vehicle you are looking for, and whether to buy a new car or a used one.
There are positives and negatives for both new cars and used cars to take into account before making a decision.
We have put together a helpful guide on the pros and cons of buying a new car vs used. Keep reading to discover which option is best for Rochester drivers like you!
Pros of Buying a New Car vs Used
One of the major reasons to buy a new car in Rochester, NY is the annual vehicle safety inspections.
You can be sure a new car will pass those inspections, not only when you get the car, but for several years afterward with only basic maintenance.
Used cars may need some repair or replacement parts before you can even pass the first inspection!
Another reason to buy new is that you can get top of the line features in entertainment and safety.
Used cars are often at least a year or two old. As such, they are less likely to have the most updated and sought-after features like Bluetooth and blind spot monitoring.
Cons of Buying a New Car
There are a few drawbacks to buying a new car.
The major issue is the price of the car will be higher when you buy new.
When the final price of the car is higher, the price of sales taxes and insurance will also climb.
On top of that, most new cars will lose about 20% of their value the moment you drive it off the lost because it is no longer a new car.
Pros of Buying a Used Car
Buying a used car is less expensive when compared to a comparable new car. You could buy a used car that looks new and take advantage of that 20% depreciation we discussed above.
Certified pre-owned cars are low mileage and look new still. They are the best bang for your buck.
Cons of Buying a Used Car
Though the value is tempting, there are lots of potential issues with buying a used car.
When looking for a used car, you should be aware that not all models will be available. Used car inventory can change from minute to minute as sales happen daily.
If you do find a used car that you are think will be a good fit and you don’t pull the trigger fast enough, the car you wanted may go to someone else and the dealership may not have another comparable vehicle.
Used cars can also have cosmetic and/or mechanical problems. This could also cause you to fail the inspections we spoke of earlier.
Get Your Engines Ready!
You should now have a good idea if buying a new car vs used is best for you and your current situation.
Once you have the rest of your research out of the way, you are ready to go look for potential vehicles and do some test drives.
If you have any other questions about what kind of car is best for you or if you are looking for top of the line new and/or used cars in the Rochester, NY area, give us a call today. We are here to help!