Media post: The Age-old question: Buy new or used?

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Every prospective car buyer is always faced with an age old question: should you buy new or used? Consumers have varying preferences and budgets that it’s pretty much impossible to have a definitive answer that will suit everybody. Buying new or used vehicles have their respective advantages so here’s a list of differences that will hopefully lead you to make a more informed choice before purchasing your next car.

New

You Won’t Have to Do as Much Work Opting for a used car takes a lot more research and inquiry than going for a new one. It involves countless hours spent online looking for the best deals, paying visits to various private sellers, and dropping by numerous used vehicle lots to inspect the vehicles as you can never be too sure about the condition of used vehicles. With a brand new car, all you need to do is to seek the services of trusted dealerships such as DVG where you benefit from having a sales representative providing you with as much information as you need.

No History Whatsoever With a brand new vehicle, you won’t have to worry about its history—whether it was appropriately cared for by its previous owners, the number of trips it made to the repair shop, or if it has some sort of problem that can’t be immediately observed.  Even though plenty of used car retailers and private sellers normally provide documentation of an automobile’s history; you can never be 100% sure that certain mishaps may be left out of the records. Simply put, you’ll be spending on peace of mind as well by going for a new ride.

Warranty With a new car, you can always be assured that if anything goes wrong in the early parts of your ownership, you can always rely on the manufacturer’s warranty. With used cars, having a warranty that’s still valid can sometimes be a rare luxury.

Features If you’re the type who regularly upgrades your phones to keep up with the most up-to-date technology, then you’ll perhaps have the same mindset when it comes to automobiles. New vehicles naturally come with the latest in automotive technology, allowing you to enjoy the benefits the cutting-edge comfort, efficiency, and safety features.

Used

Price This is obviously the main reason why used vehicles are attractive to a large number of people.  A new car depreciates as soon as it leaves the dealership (this isn’t the case with a used automobile). Furthermore, a new automobile loses nearly half its market value after the first year alone. Thus, by going for used, you won’t be paying for the full price that would be immediately shaved by depreciation anyway. On top of that, if ever you decide to sell a car that you purchased new, it’s almost a guarantee that you won’t be able to recoup your investment on it. That’s not necessarily true when selling used vehicles.

Insurance You’ll be able to save even more on used vehicles because you won’t have to fork out as much cash for insurance. The cheaper and older your ride is, the less that you’d have to pay for its coverage. Here’s a handy site to help you determine how much you’ll be spending on insurance for a particular make and model. Hopefully, the points above will come in handy should you ever consider buying a new or used vehicle. Whether you’re buying brand new or used, be sure to be as diligent as possible when you research your purchase.

This post was made in collaboration with DVG