The Difference In Buying "new" and Buying "used" Vehicle's

For years many people have pondered the question "what is better buying a new car or buying a used one". People are still today, confused on if they should buy a new or used vehicle.

I'm going to give you some information that may help you determine if a used or a new car is a good choice for you.

Because of the rising price's every year, many people are looking at buying good running used vehicles. Back in the day, "used cars" meant a hassle of keeping the car well maintenced and running. Well those days are gone. To off set the interest in used cars,new car manufactures are coming out with new incentives, such as cash rebate's and low interest rates. They also offer other programs to pull you into buying a "new car".

Pro's for Purchasing a New Vehicle:

First and foremost is that, people love the smell of a "new" vehicle.

Pride: Knowing that you are the 1st owner of that vehicle give's you peace of mind. It has that "new car" smell and no one has ever driven it. You got to pick the options, features and color of the car. Buying a used car is not an option for a lot of people for those reasons.

Warranty: For the first three years and sometimes longer, you have no worries about warranty work. Some luxury cars are 50-60 thousand miles on the warranty. If you have a problem it's up to the dealer and manufacture to fix any warranted repairs.

Limited Maintenance: Beside the oil changes and a tune-up, a new car doesn't need a lot maintenance for several thousand miles. Some dealers or manufactures will even cover that cost.

Worry Free: Should you get a "lemon" with a new vehicle, you have legal right to return the car through the sate lemon law. Once you prove you have a lemon, you could either get your money back or get another car.

Owning a "New Car" feels wonderful. Another bonus is that you get the newest safety and technical components.

Pro's of Purchasing a Used Vehicle:

If you just need a means of transportation and its not a "pride" issue, the buying a used car only makes more sense. Older model cars are safe to buy and maybe more affordable to you.

Depreciation: The vehicle has already lost the largest depreciation value. For example: if you were to buy a new Honda Accord it cost about $23,000, now if you bought a similar car about two years older with about $25,000 mile on it you could pay up to $5,500 less.

More selections: There a more options for you to choose from in the used car industry vs new, and you get more car for you dollar. One option is to get a Certified pre-owned vehicle. These cars go through a very thourough inspection and if there is any repairs needed to the car, it is fixed before the car goes on the market. Very often there is a warranty on the vehicle, which gives you the peace of mind when buying your next used car.

In conclusion, whether you want to buy a new or used vehicle, ultimately the decision is yours. If you want to stretch your auto buying dollars as far as you can, a used car would be your best bet.