Why Buying New Is Sometimes More Affordable Than Used
If you have a budget that is on the border between a new and a used car, you may be tempted to pick up a used car that has a few extra options loaded in. That thought process seems quite logical: today's cars have great reviews regarding reliability, so why wouldn't you pick one up that has a few thousand miles on the odometer? What many shoppers do not know, is that it very well may be less costly to buy a brand new vehicle. This is why.
Yeah sure, a new car costs more but, if you negotiate properly and buy the right car, over the long term it balances out. The value goes way past monetary consideration alone. If you don’t have a bunch of cash to put down, there are still some very attractive lease to own options. A used car seems more attractive because, point blank, you can get a very attractive vehicle for considerably less than buying new… which leads me to my next point.
The Reliability Factor
“You can’t put a price on peace of mind” hits the nail on the head! No one wants to be stranded on the side of the road due to an unexpected breakdown. What does a sudden breakdown on your way to work for an important business meeting really cost you? Buying new means you're willing to pay a little more for the assurance you're going to get from "here" to "there" without having to call a tow truck.
The Real Cost
You may be willing to deal with a few repairs here and there thinking “Hey, for the reduced cost of a used vehicle, I can deal with a few repairs here and there”. Costly repairs can quickly outweigh the value of that used vehicle and this might be after just a year or two of ownership. As many used vehicles come without a warranty these expenses may come straight out of your pocket!
My Home Away From Home
It requires a lot of time and effort to purchase a car. It's a large investment and it's got to cover all of the essentials. You expect to have this vehicle for years to come and in that time you should be comfortable. Some comfort features such as Bluetooth connectivity allow less distraction and provide added to safety while driving. Add to that some innovative technological advances such as pre-collision detection and lane departure warning that are just not available in older models. "Do I really need the turbocharged engine, premium audio package or the multi-angle rear view camera? The reply "YES!"... "Yes! I am doing it!" Most individuals spend a large part of their day travelling back and forth to a job, taking the children to school and other activities, or simply making day-to-day runs. The features of your vehicle must accommodate all this (while respecting your budget).
Gas prices are always rising and falling. Did you know that with the advances in automotive engineering, you can purchase a car today with a V8 motor that is more fuel-efficient than a 4-year-old V6 model?
While purchasing a new vehicle may seem intimidating — particularly if you are accustomed to pre-owned models — we suggest that you closely research your options, weighing your choices to make sure that you will actually save cash buying a used car.