New vs. Used Vehicles: Which is right for you?

The question of whether to buy new or used is the first many consider while browsing for a new vehicle to purchase. There are serious advantages and disadvantages to both options, and it can mainly come down to personal preference and financial situation. Here are some benefits for both new and used vehicles to take into consideration next time you are searching for your next ride.

New to the Scene

The advantages of buying right off the assembly line are simple, and as the car has zero years of ownership and no vehicle history report, and the warranty is as fresh as can be. New vehicles are also very customizable, as you can order them to come with specifications to make them more unique for your needs. These new cars also come loaded with the latest technologies, including updated safety features, connectivity, and performance upgrades.

New cars also tend to have better fuel efficiency and lower financing rates, but tend to be more expensive as a whole.

Used, but Still Ready for Action

Certified Pre-Owned cars are the closest thing you can get to new on the used car market, but even older vehicles can share some of the benefits. The biggest advantage for pre-owned vehicles is that they are going to more affordable than a current model, as the car is worth less than a new model.

Driving a brand new car off a dealerships lot will cause it to depreciate almost instantaneously, which can be frightening to a car buyer, but that car depreciation doesn’t occur as fast for a used car. You can turn around and sell it relatively quickly for a much closer price to what you bought it, which is something that cannot be said for new cars.

Auto insurance rates for pre-owned vehicles also tends to be more affordable, and the used car market is much larger than that for the new car selections. It may require more of your time and effort, but if you commit yourself to finding a vehicle that matches your needs, there is most likely one out there.

Which Should you Buy?

Regardless of the requirements that you are interested in, the Bull Valley Ford new and used experts are at your disposal. Our knowledgeable salespeople can find you the perfect vehicle, new or used, after assessing your needs and financial range. Take some time to shop our website, and give us a call if you have any questions!