New Versus Used Cars
When searching for your next car around Indianapolis, Bloomington, or Plainfield, one of the first decisions you’ll need to make is whether to buy new or used. To help make the choice easier, our team at Andy Mohr Automotive wrote this guide on new versus used cars. Read all about the differences below, and contact us if you have any questions.
Buying a New Car
There are many advantages to buying a shiny, new car. For one, you get the latest connectivity tech features, like Apple CarPlay™ and Android Auto™. You can also get the latest in safety technology, like Blind Spot Monitoring and Lane Departure Warning.
Another good reason to buy new is that since it’s never been in an accident, there’s no wear and tear on the vehicle. Plus, there was no previous owner who could’ve neglected to get oil changes or tire rotations. And you’ll have some extra peace of mind with warranty coverages for a certain number of years and miles.
But while new cars have their benefits, there are some things to keep in mind. For one, you usually have to pay more for a new car versus a used car. Plus, not only is a new vehicle’s value higher, but the sales tax is, too. And depending on what car you get, your insurance could cost a lot per month, as well.
Furthermore, a new automobile will lose between 20 percent and 30 percent of its value the moment you drive it home. In fact, some cars can depreciate up to 50 percent in the first three years of ownership. This is just another thing to keep in mind if you decide to buy new.
Getting a Used Car
One benefit of buying used vehicles deals with the above-mentioned fact about depreciation. Since a new car owner will have absorbed the cost of depreciation, it’ll allow you to save more on a pre-owned automobile. Therefore, you could take the extra money and put it toward a used luxury vehicle.
This would allow you to get the same features found in a new vehicle for less money. As a result, you could get heated leather seats or a navigation system, and still save money.
However, there are some important things to note when it comes to buying used. Since the car was previously owned, there’s no guarantee that it got any routine maintenance completed. You also don’t know if it’s ever been in an accident or what kind of needed repairs it may or may not have gotten done. That’s why it’s crucial to get a vehicle history report, so you can find out all this information before purchasing the car.
Additionally, if a car is over three to five years old, it’s unlikely that it’ll come with any type of warranty coverage, unless you purchase an extended warranty. You’ll need to keep this in mind if the car ever needs any major repairs.
But if you still want to buy used, you could always consider getting a certified pre-owned (CPO) vehicle. These cars are typically only a few years old and have a low number of miles on the odometer. They also undergo an extensive multi-point inspection to ensure that it meets the manufacturer’s standards. They come with many benefits, as well, including a limited warranty, a vehicle history report, and 24-hour roadside assistance.
New vs Used Cars: Which Is Right for You?
Whether you choose new or used will ultimately depend on your wants and needs. But if you’re unsure which is right for you, then visit us at Andy Mohr Automotive. We’ll point you in the right direction and help you feel confident about your decision.
We’re proud to serve drivers throughout Indianapolis, Bloomington, and Plainfield, and we look forward to serving you. So, don’t wait. Contact us today to get started!