Should You Buy New or Used?

Purchasing a car is one of the most significant decisions that many people make in the course of a year. As one wrong choice can cost you a significant amount of money, it’s important that you understand what you’re getting yourself into. That’s why we’ve put together this guide that will help you decide whether a new or used car is better for you.

New or Used Chevrolet

Cost

The main benefit to buying a used car is that you will spend less money up front. As brand new cars depreciate in value at a much faster rate than used cars, buying used is generally more cost-efficient.

In fact, new cars are said to depreciate 20% of their value the minute that you come into ownership of the vehicle.

Maintenance

This is where your choice starts to get trickier. Although buying used is the more cost-efficient option up front, it doesn’t necessarily mean that it will save you money in the long run. If you happen to select a used vehicle with a lot of problems, you’ll have to sink quite a bit of money into it to fix it up.

New cars also have the benefit of having impressive warranties attached to the purchase. However, an in-between option exists. Many dealership offer certified pre-owned vehicles that have been inspected and often come with a warranty.

If you have questions about the pros and cons of buying new or used, feel free to get in touch with our professionals at Jansen Chevrolet. We would love to hear from you.

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