Buying a New Car vs Used
If it’s time for you to buy a car, you can either buy a new car or a used car. Both options have their perks, but one option may be more appealing to you than another. To learn about buying a new car vs. used, keep reading.
Buying a new car is beneficial because most new cars come with warranties. Most new cars do not require any repairs during the first few years of ownership, and warranties cover repairs on certain parts that may fail during these first few years. In the case that your new car does experience problems, these problems may be covered in full by a warranty, which can save you hassle and money.
However, buying a car can be difficult for those with a strict budget. New cars are expensive. You may be able to get behind the wheel of a new car with financing, but this is still more costly than purchasing a pre-owned vehicle.
On the other hand, you can purchase a used car. The sticker price of used cars are lower, but used cars are also older and have had at least one previous owner. This means the car may experience malfunctions or require repairs within the first few years of ownership.
A perk of buying used is the value of the vehicle does not depreciate as quickly as a new vehicle’s value. When you drive a new vehicle off the lot, its value instantly drops. However, a used vehicle’s value stays steady after you purchase it. When it comes time to sell your car, you are more likely to get closer to what you paid for a used car than a new car.
Now that you know some of the perks and downfalls of buying new and used, you’re ready to shop at Island Auto Group. Our dealerships are located along Hylan Boulevard in Staten Island, New York. We hope to see you at our locations soon!