New vs Used Cars

Pros of New Cars

There’s no shortage of benefits to buying new. If you can’t wait to get your hands on the latest technology, purchasing or leasing a new car is a great way to do that. Most new cars come with rearview cameras and Bluetooth® wireless technology for hands-free calling. You may also find features like Apple CarPlay™, Android Auto™, and advanced driver assist technology.

Other benefits include the following:

• Easy to Customize, as you can get the precise color, trim, and packages you’re looking for.
• Improved Fuel Efficiency on the latest models, helping you save on trips to the pump.
• Lower Interest Rates, so more of your payments are going toward your loan’s principal.
• No Wear and Tear, so all the features you care about will look bright, shiny, and new.
• Warranty Coverage, giving you a predictable cost of ownership for the first few years.

Pros of Used Cars

You might opt for a used car, which will have its own set of benefits. When you choose a model that has been on the market for a few years, you have access to plenty of research and rankings on reliability and safety. You can do a better comparison of car models and how they hold up over the long haul.

You also have more choices. You may not be able to build a used car according to your specifications, but you can choose from models, wheel designs, features, and more that are no longer made. A deeper pool of options may extend your search, but it can also leave you feeling more satisfied.

Another option, if you’re trying to balance out the benefits of buying new vs. used, is a certified pre-owned car. These lightly used cars have passed rigorous inspections and been refurbished. They’re usually under an extended manufacturer warranty, so you’ll have predictable repair costs (as with a new car) and prices that fall somewhere in between comparable new and used cars.