One of the first decisions you should make when going about
purchasing a new vehicle is whether you should buy a brand-new model or opt for
a used one. There are a number of obvious reasons why you'd lean either way off
the top of your head - for example, used cars are typically less expensive, but
you might be taking a gamble on quality. How do you know which is the best
option for you?
You should buy new if…
- You want the latest technology. Technology in the auto industry
has made some incredible strides just within the past few years. Whether you
like staying connected on the go or you want those driver alert safety systems,
opt for a new car.
- You like knowing your vehicle's history. The thing about used
cars is you never know quite where they've been. Starting over with a fresh
slate offers drivers that extra peace of mind that used cars just don't have.
- You can afford it. If you can easily cover the down payment and
make monthly payments on time, why not? It's nice to have a brand-new set of
wheels fresh from the factory.
You should buy used if…
- You just need a reliable vehicle. Used cars have a bad
reputation for being money traps for the unsuspecting buyer, but cars these
days are engineered to last longer than ever, resulting in more and more reliable
- You're on a budget. Since a vehicle that's three or four years
old has mostly the same features as a brand-new one and is just as reliable,
why not opt for the more affordable choice?
- You don't need the latest and greatest. Do you really need
Apple CarPlay standard in your car? If you don't need all the updated gadgets
and amenities offered in new cars, maybe a used vehicle is the one for you.