New Cars vs. Pre-Owned Cars

Are you thinking about buying a car in the near future? One of the first steps of your car comparison and shopping process is deciding whether you want to buy a new car or a pre-owned car. You’ll find hundreds of articles online, advising car buyers that one option is superior for everyone. However, that is not true at all. There is no “one size fits all” answer when it comes to car buying.

The reasons to buy a new or a pre-owned car are not the same for everyone. For many car buyers, the decision ultimately comes down to what they are willing to pay and what they value most in a purchase of this size. When beginning your car comparison, you should consider your individual priorities and needs. Whether you value affordability, reliability, safety, luxury, or something else, the types of cars you will be looking for will vary greatly.

For example, if you value luxury, comfort, and all of the extra features you can get, but still want to get a great deal, you may be better off buying a pre-owned car. When it comes to many high-end car brands—such as Lexus or Mercedes-Benz—their certified pre-owned options offer the same great quality and reliability for a smaller price tag.

On the other hand, if you value safety and reliability above all, you may be starting your car comparison with new cars. With a brand new car, knowing that you are the first owner and that no one has had a chance to abuse your vehicle can be extremely comforting. You may be willing to spend a little extra up front or each month to get those brand new warranties and peace of mind.

There are many advantages to buying a new car, just as there are many advantages to buying a pre-owned car. Read on to discover some of the advantages of each one.

New Cars

There are more reasons to buy new than just an appreciation for the new car smell. These may include:

• Better incentives—Manufacturers and dealerships can offer cash incentives, discounted financing, rebates, or even “no money down” deals
• Environmentally friendly—Higher fuel efficiency and lower emissions are standard in many new cars
• Updated technology
• Upgraded safety features
• Reliability—Less likely to break down when you’re the first owner
• Better warranties—You’ll likely have more coverage for longer with a new car
• Good resale value later on
• Less demanding—You won’t have to spend as much time and money on maintenance or repairs with a new car
• Customizable—If you’re buying brand new, you have the options to include any and all of the features you’re interested in

Pre-Owned Cars

Pre-owned cars can be just as safe, reliable, and efficient as brand new cars, just without the higher price tag. Here are some of the standout features of pre-owned cars:

• Cheaper price tag
• Less depreciation—Since the car’s value has already reduced, you get to experience the positive side of depreciation
• Variety—You can choose from models, packages, or even designs/colors that are no longer made
• Warranties—A common misconception is that you won’t be covered with a pre-owned car. Pre-owned cars from recent years or certified models may come with extended warranties and extra coverage.
• Cheaper insurance—Your insurance rates will depend on your driving history, age, the type of car, and other factors, but pre-owned cars are generally considered less of a risk, and your premium may be cheaper.

Do you have your mind set on one or the other? Need some help with your car comparison or deciding whether to buy new or used? With over 25 years of experience in the car industry, Carcierge can advise you on your options, perform a car comparison for you, and help you get a great deal on the right car for you. Click below to learn more about how we can help you search for, compare, purchase, and sell new or used cars.

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