New vs. Used
When considering starting a car search, the first decision you need to make is whether you want to buy something used or new. We’ll compare the two options to show you the benefits of each choice.
One of the best benefits to buying new is the fact that it is new. You don’t have to worry about an unknown history or hidden problems that will cause you problems down the road. And, if problems do arise early on, it will be covered by a warranty for a long time. While warranty lengths vary by brand, you will get to enjoy at least three, if not more, years of relatively stress-free driving.
Another benefit is that you can order your car just the way you want it. Get the perfect combination of features and colors to fit your needs and personality.
New cars come with the latest technology. And, if you choose the best options, this means you could have built-in navigation, an in-car Wi-Fi system, and Bluetooth connectivity, among others.
With the benefit of time on their sides, new cars will have the best safety equipment. Features like tire pressure monitoring, stability control, and very soon rearview cameras are standard on all cars, thanks to continual improvements in vehicle safety. And, depending on the features you choose, it could come with advanced safety features for added security on the road, like a blind spot warning system, automatic emergency braking, adaptive cruise control, and more.
Because technology and engineering are always improving, so are vehicles’ efficiency. New cars will almost always be more efficient than older models. And, not only do they use less fuel, but they are often more powerful, too.
Once you’ve decided on the brand and model you want, you can leave much of the remaining work to the dealership. Just tell them what you are looking for and they can find it for you.
By far, the biggest advantage of a used car is its cost. New cars depreciate rapidly and by choosing a used car, you can skip much of that initial loss in value. In fact, in the first year alone, some new cars can lose up to 40% of their value. By taking the money you would spend on a new car, you could potentially get a much nicer, feature-rich used car and save thousands on a car that is just a few years old.
Another benefit to used cars is you don’t have to suffer through the mental stress of trying to keep it new. A used car will likely have a few little dings, so if you happen to add a few more, you might not feel as bad.
Along with saving money on the purchase price, used cars will often let you save money on your insurance rates, too. Since used cars are worth less than new ones, they cost less to insure. In addition, while the initial interest rate may be higher on a used car loan, you will likely end up paying less in interest over the life of your loan since the initial amount borrowed was smaller.
Used cars also have the benefit of a nearly endless supply of options. You aren’t restricted to one or two model years. If a feature you love is no longer in production, you can find a model that still has it. While searching for the perfect used car might take longer, the satisfaction you get from finding just the right one, will be worth the wait.
Used cars have the benefit of having a few years of real-world data behind them. You can look online to see if a particular model year suffered through a lot of problems and then you will know to avoid that model. You can also find the models that have the best driver satisfaction and reliability information.
Whether you are interested in new or used, stop by Gateway today to see what deal we can get you for just the right price!