Many car buyers are torn between buying a brand new versus a pre-owned car. And they should be, considering the significant price difference between the two. Of course, it all comes down to what a car buyer is looking for or what he/she specifically needs. Do you want a car with higher seating capacity? Are you looking for an All-terrain drive? What specific style and design do you want?
Regardless of what you are prioritizing when out shopping for a car, here are 3 benefits to consider for each option.
Benefits of Buying a Brand New Car
- Reduced maintenance cost.
Buying a new car doesn’t require maintenance for at least the first several thousand miles. Even when the need for maintenance emerges, it will usually be cheap, such as an oil change or tune-up. In addition, more car manufacturers are covering the cost of routine maintenance services. Be sure your manufacturer of choice provides this complimentary service.
You get a manufacturer warranty along with your brand new car. The warranty usually lasts for at least 36 months while others last longer. Under the contract, if something goes wrong, the manufacturer and dealership are accountable for making the necessary repair or replacement on the faulty car.
- Roadside assistance.
Aside from the warranty provision, buying a new car also gets you complimentary roadside assistance for as long as the warranty is valid. The manufacturer may even reimburse or offer emergency transportation if you get stranded somewhere.
Benefits of Buying a Used Car
- Flexibility in price.
You will find a wide range of used cars lined up in the yards of local dealerships, so you have more than enough options price-wise. In addition, most dealerships are prepared to be more flexible when negotiating with car buyers. This buying a car infographic from Clydesdale Bank suggests a price difference of $20,000 exists between brand new and used cars.
Same with the price point, buying used cars offers you variety. You can buy virtually any make or model year, which is a great feature for car enthusiasts who know a ton about automobiles. Whether it’s that 2005 Jeep Wrangler or a 1979 Mustang Turbo, you will likely found one or two cars that will fit the bill.
- Certified pre-owned programs.
Thanks to these programs, used cars feel and perform like their brand new counterparts while costing up to 30 percent less. Affiliated dealerships even have the option to buy a late model used car and get the balance of the initial warranty.