Whether you’re a first-time buyer or an established adult looking for a new addition to the garage, the first thing to consider is new or used. While buying a new car comes with some excitement and assurances that it will run smoothly (at least for a while), there are also many advantages to buying a used vehicle.
money matters
Price is often the most important aspect to consider when buying a vehicle. Obviously, used cars are much cheaper than new models, although there are often concerns about repairs that may be needed in the immediate future. However, these concerns are mitigated by the emergence of independent websites that can verify collision history, repairs, and total mileage.
Most dealers also certify every car they sell through a mechanic to ease any concerns a buyer might have. Additionally, used cars give the buyer the freedom to select their own mechanic and prevent the owner from being contractually bound by the dealer’s warranty restrictions. Also, any new car loses approximately twenty percent of its value as soon as it is pulled off the dealer lot, which is not the case with a used car. Unless you’re sure you can keep a new vehicle for a long period of time in near-perfect condition, it’s rarely worth the investment.
flexible purchasing power
Websites like Craigslist have fewer verification tools and require the purchase of an individual. However, they offer cheaper options and that seller may be more willing to negotiate than a dealer. For a safer route, websites like Carsoup, Autolist, or Edmunds give the individual consumer the power to research all registered vehicles, as well as common problems with each model. All sites also allow independent consumer reviews. This information often negates concerns that the car will break down quickly.
Likewise, insurance on a used car will be much lower than what companies require for a newer vehicle. Auto insurance is a universal necessity that is sometimes pushed aside during the adrenaline rush of a major lifestyle purchase. However, these monthly payments add up, and so will the savings if you shop around for used car options.
environmental concerns
Environmentally, it may seem counterintuitive to say that buying an older model is more responsible for our planet. However, several studies have shown that a hybrid must go 46,000 miles before it breaks even with the amount of energy it takes to build. For environmentally conscious people who primarily need transportation at their workplace, or just around town, used cars are the smart choice.
Catch up on technology
Unfortunately, a large portion of gas stations in the United States are not prepared to deal with electric cars because they do not have plug-ins or gasoline alternatives. In addition, some dealers are not equipped with the cutting-edge technology and products necessary to competently service hybrid models. With used cars, important parts are often well known to mechanics and are in circulation.