Buying a car can be stressful and even a bit overwhelming.
Before you even start to look for some new wheels, though, you need to make a decision: new or used? Here are some things to consider when making your decision.
Advantages of Buying a New Car
- Customization. You can pretty much get whatever you want, provided you’re willing to pay for it. Color, engine, interior features – you don’t have to settle for anything less than your perfect car.
- Not used. Yeah, obvious. But your new car hasn’t been in any accidents, wasn’t someone’s mobile ashtray, and doesn’t have any mysterious stains on the seat. You know exactly who the previous owners are: no one.
- Warranty. While it’s possible to get a good warranty on a used car, the new-car warranties are included and are often much better than those for used cars.
- Latest and greatest. New cars have the best, most tricked out gadgets inside, as well as state-of-the-art safety features and, typically, better fuel efficiency.
Advantages of Buying a Used Car
- Price. A used car costs less than a new car. The price hike from a 2016 to a 2017 model of the same car is pretty significant, so you could save a lot of money just by sacrificing a few bells and whistles.
- Depreciation. Cars depreciate in value rapidly in their first year. With a used car, you don’t have to worry about that. Also, the stress of a small parking lot ding or a chip in the windshield is much less with a 2013 Chevy vs. a 2018 BMW.
- Insurance. Used vehicles tend to be less expensive to insure. And if you research ahead of time, you can make sure to pick a model that doesn’t have higher-than-average insurance rates.
- Choice. You don’t have the perks of full customization with a used car, but a ton of options exist out there. You can be picky. This is a big decision!
Pros and cons exist with both types of vehicles. The important thing is to get a clear idea of what you want and what features in a car are a priority for you.