Should You Buy a New or Used Car?

2 Jun

Should You Buy a New or Used Car?

Buying a car can be a big decision.  There are so many choices out there and it can be tough to choose the make and model that fits your needs.  We’re still waiting on some of the 2015 models to be officially released while many manufacturers are already pulling the covers off their 2016 models.  Then there are all of the used car options out there.  Buying a car or truck that’s a few years old with some miles on the odometer could possibly save you quite a bit of money initially.  After all, some vehicles can even depreciate quite a bit as soon as you leave the car lot.  Although, owning a brand new car that nobody else has driven and has the options you want probably sounds great as well.  So what do you do, how do you choose?

Should I Buy A New or Used Car

There are many factors to consider when buying new vs. used.  Let’s break it down and shed some light on your options:

New:

  • Made to order – A new car can be customized just the way you want it. You can also have the dealership search for one that has the options and colors that you want.
  • It’s all brand new – This vehicle hasn’t been in any accidents, there’s no wear and tear, funny smells, etc.
  • Safety – Vehicle safety and technology is constantly evolving to keep up with ever-changing safety laws. The newer the car, the better your chance of having the latest safety options.
  • Latest and greatest gadgets and tech – Auto manufacturers are always packing vehicles full of things to make your driving experience more enjoyable. From navigation to multimedia to different driving options like sport mode, race mode, etc.  The newer the car, the more modern technology will be packed inside and out.
  • Fuel efficiency – Most new models are more fuel efficient than ever, even in high-performance vehicles. If filling up at the pump is a major concern, maybe because you have a long commute to work, this is definitely something to consider.  Vehicles with diesel engines are cleaner than ever before and there is a wide range of eco-friendly hybrids available that create lower emissions.
  • Maintenance – Free scheduled maintenance is offered through many manufacturers and if something happens under warranty, chances are you won’t have to pay anything out of pocket.
  • Financing – You will likely be offered a lower APR and lower financing rates on new cars rather than used.

Used:

  • Price – Purchasing the same car used will be less expensive, which can give you the option to add some extras or even step up to a higher-end model. More horsepower or maybe a better sound system?
  • Choice – Although you can’t “build a car” at the dealership like you can with a new one, you might be able to get a vehicle that’s already fully loaded or even an option package that’s no longer available. Your selection of vehicle options may also be wider and it could take you longer to find which vehicle that fits your needs the best.
  • Depreciation – The majority of vehicles lose value over time, but the biggest drop comes right away. When buying a used car, that immediate depreciation factor becomes irrelevant.  You also won’t have to worry about those first little dings and scratches as the previous owner may have taken care of that for you already.
  • Insurance Rates – Your rates can be affected by many things such as the age of your car or truck, but will also be less expensive with a used vehicle. Be sure to do some research before purchasing your vehicle so you don’t get stuck with insurance sticker shock later.

If you’re in market for a new vehicle or maybe it’s something that you’re working towards in the future, we wish you the very best of luck.  It can be a tough decision to make, but with the right knowledge before hand, you’re sure to make the correct decision.  Should your new or used car be damaged in any way, the state-of-the-art facility at Peninsula Auto Body can take care repairing all makes and models back to showroom condition.  We can even help you through the insurance claims process.  If you have an accident in the San Francisco Bay Area or the peninsula, give us a call at 650-588-0999 and we’ll get you back on the road quickly!

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Tel: 650.588.0999

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