When it's time to get your next car, you will have to decide whether to buy a new vehicle or a used but reliable one. Either choice comes with benefits and drawbacks. Here are some points to consider before you make your purchase.
New Car Benefits
If you decide to look for a new car for sale, like a Mazda CX-30 for sale, you can expect to not need to worry about your car for a little while. New cars shouldn't have any mechanical problems up front, and issues that might surface will likely be covered by the manufacturer's warranty or an extended warranty if you decide to buy one.
New cars are also usually safer. As new safety regulations are put in place, the cars that are manufactured have to abide by them. In addition to required safety features, new cars have recent innovations that improve passenger safety or road performance. For example, backup cameras collision and lane departure warnings, and adaptive headlights all help you drive more safely, protecting you and your passengers.
Finally, new cars just look better. They don’t have any of the wear that comes after a few years on the road, and they don’t have any dings or scratches from fender benders or other accidents. A car that looks nice may enhance your morale when driving in public. Look for the best new car deal to meet your personal transportation needs.
New Car Drawbacks
Buying a new car is expensive. If you pay cash, you will automatically lose that sum of money that could otherwise be invested or earn interest. If you choose to get a loan to pay for the car, you’ll find that monthly payments are not always cheap, and your insurance premium could increase. New cars lose value as soon as they leave the car dealership. So, if you try to sell the car later, you will most likely lose money between what you paid and what it sells for.
Another consideration is the worry over keeping a new car clean and scratch-free. Some people worry less than others, but many don't want to see their expensive new vehicle begin to lose its beautiful appearance any time soon.
Used Car Advantages
Used cars are generally cheaper than new vehicles. When shopping for used cars, don't rush to buy the first one you find. Take your time to compare costs, features, and reliability. A used car may already be considered "broken in" from the previous driver, making it road-ready for you.
If the previous owners didn’t have any significant issues with the car, you can usually expect it to work well for you too. Any manufacturing defects have probably surfaced by now so you might have a lower risk of that problem. If it is a recurring problem, you’ll at least know what to expect, so you can budget in advance for any upcoming repairs.
The purchase price or monthly payments along with insurance should be less than for a new car. Even with regular maintenance repairs that come with age, you’ll likely be paying less for a used car than you will for a brand new car.
Used Car Caveats
We've all heard the "lemon" stories about used cars. Hidden problems, previous accidents, and careless owners can lead to disappointments after buying a used vehicle. The lower car payment may be offset by increased repairs as the car ages. Try to have an auto mechanic examine the car you want to buy in advance to prevent any surprise issues. Peace of mind might be worth the inspection fee.
Both new and used cars come with their own pros and cons. While neither is necessarily better or worse than the other, you need to decide which is better for you and your family. Weigh the pros and cons of buying the car you want before shopping. Be prepared to negotiate for the best deal.
Anita is a freelance writer from Denver, CO. She studied at Colorado State University and now enjoys writing about health, business, and family. A mother of two wonderful children, she loves traveling with her family whenever she isn’t writing. You can find her on Twitter @anitaginsburg.
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