It’s a new year, but new isn’t always better.
While buying a new car can be exciting and come with a new car smell, it can also come with a hefty price in both the short and long term.
If you find yourself wondering whether you should buy a new or used car, here are five reasons why buying a used car is the way to go.
1. Lower Price Tags
The obvious benefit of buying your next car used is the ability to pay less and stay within your budget. You don’t have to stretch your finances to get that new car look and smell. Typically, cars will get minor feature changes every three years and a full redesign every four-six years. With automakers not redesigning their vehicles every year, your neighbors and colleagues won’t be able to tell you have an older model. As for that new car smell, dangle one of those fresh smelling trees or attach your favorite plugin to your vent. To make sure you aren’t overspending and are getting a fair deal, online services such as Kelley Blue Book can help you view a car’s value and compare prices. Beyond the initial costs of buying a car, car insurance for used cars is typically cheaper than it is for new cars. Take that extra cash you’ll be saving and use it towards something you’ll enjoy!
2. Pay Less for Tech and Features
The automotive world has come a long way in innovative technology, driving enhancements, and special features. Drivers can be disappointed in the cost of adding these features on top of an already expensive vehicle. If you want to get the most for your money, spend less with a used car and get the features and snazzy tech you want. You can take the money you were going to spend on the newest base model that has limited options and instead buy a used model with a higher trim level and more features. Get those heated seats, upgraded stereo, and advanced driving features with a reliable used car at a much affordable price. Even if you are looking for special packages for added towing and off-roading capabilities, you can find a used vehicle that will fit your needs. There are plenty of people buying new cars, meaning there will be a variety of used vehicles available for you to choose from.
3. Less Depreciation
Along with the initial cost savings and benefits of buying a car used, there are also long-term benefits as well. New cars depreciate in value as soon as they are driven off the lot. That means that the vehicle you just bought is already worth less than what you just paid for it. Recent car depreciation rates have shown that a car can lose more than 10% of its value within the first month of owning that vehicle. Depreciation rates don’t stop there. After the first year of ownership, the value can drop by 20%. It continues to drop an average of 10% for the next four years. That means by year five of owning your vehicle, it’s only worth as little as 40% of what you initially paid for it. That brand new $30,000 car you bought today could be worth as little as $12,000 in five years. That’s not an ideal investment if you ever want to trade in or sell your vehicle. Instead, buy a two- or three-year-old car that has already taken the biggest depreciation hit. The trade-in value and resale value of your used car will be more comparable to your original purchase amount when you are ready for your next vehicle.
4. Built to Last
These days vehicles are being built better than ever. They are more durable and reliable, lasting more than the previous 100,000 miles to an average of 200,000 miles. There’s no need to fear a used car for its previous mileage as long as you find a car with a lower number of miles. Driving history is also an important factor when it comes to knowing just how much a car has been put through during its previous ownership. Online tools such as Carfax can show you a car’s history so you can be reassured that the car you are buying has the capability to last you a long time. Within an increase in longevity and the reassurance that you are buying a vehicle from a reliable driver, you can have peace of mind knowing that your investment has the capability to give you a fulfilling and lasting drive.
5. Added Protection
Even with the resources available to help you make a smart purchase when buying a used car, unexpected things can happen after your purchase. With Certified Pre-Owned models, you can get all the benefits of buying a brand-new vehicle without paying that heftier new car price. At Nissan Patterson, our CPO models are no more than six years old and have fewer than 80,000 miles. Our CPO vehicles are put through an extreme inspection that covers a full checkup of the powertrain/chassis, body frame, exterior, interior, and additional features. Additional benefits include emergency roadside assistance, towing assistance, certified pre-owned limited warranty with ownership transferability, and trip interruption coverage. We also offer the best car and truck warranty in Texas. Our Lifetime Powertrain Warranty is available on most of our used cars for sale at no additional cost and includes 100% parts and labor, no maximum term for mileage, no deductible, and full coverage on several major vehicle and engine components.
We have a great inventory of used cars for sale. Make a smart investment today that will be worth it tomorrow.
Come check out one of the best used car dealers in Longview, Texas today!