By: Suzzanne Hibner
What are the Benefits of buying a New Vehicle?
1.) It is NOT Used! The vehicle has not been in any accidents, wasn’t mistreated, no wear or tears, and has the Intoxicating New Vehicle Smell…
2.) Latest Technology Newer vehicles will have more of the modern tech packed in the inside.
3.) Some vehicles can be made to order! You can have a certain color, Trim, Seats, anything. Made just for you!
4.) Financing. Some banks offer a lower financing on New Vehicles! The vehicle is worth more and they have not been hit with Depreciation.
5.) Safety! Everyone wants to keep their family safe, with new vehicles will have mandatory options like side curtain bags, and tire pressure monitoring.
6.) Higher Fuel Efficiency. The Newer vehicles sometimes will have better gas mileage. (depending on the vehicle.)
What are the Benefits of buying a Used Vehicle?
1.) Price — Comparing apples to apples, a used car is going to be less expensive. The relative advantage of the used-car price can also allow a buyer to step up to a nicer model.
2.) Depreciation — A lot of cars lose value with each passing month and mile, but the steepest decline happens right away; some models can lose 40 percent or more of their value in the first year.
3.) Insurance Rates – Most of the time you can get a lower insurance rate of used cars, it could also be cheaper when you get your tags and pay your sales tax.
4.) Choice — Although you obviously can’t build a used car to order, maybe you want a model, option package, or even wheel design that’s no longer made. This wider selection can add to the length of the search, but perfection and satisfaction rarely come easily.