NEW OR USED?
Everyone wants a new car. But it isn't
always practical to get a new car. This article will help you
make the decision between a new and used vehicle.
New Car Advantages
Shiny paint, new technology and features, new car smell and a
factory warranty. Need we say more?
Making a Case for Used Cars
Obviously, price is the primary reason most people consider buying
used cars. Used vehicles allow you to either buy the car of your
choice for less money or step up to a better model. The moment
you drive off the lot with your new car, the car loses value.
In some cases, cars can lose up to 20% of their value in the first year
of ownership. A car bought several years into its life span has
stabilized in value but is still in good mechanical working order.
Near-New and Certified Used Vehicles
Near-new cars are generally 2-4 years old and are most likely
coming out of leases. Because of the tough mileage restrictions
and maintenance requirements that are part of most leases, the vehicles
practically qualify as new, even in appearance; and they are usually
still covered by their original warranties.
Certified used cars are vehicles that have
been refurbished to like-new standards and have passed a checklist of
requirements. It is important to know if the used vehicle is dealer-certified
or manufacturer-certified, since the standards may differ. Either
way, certified used cars can provide the same peace of mind that comes
with buying a new car because they often come with warranties.