Buying New vs Buying Used
One of the most significant decisions you'll make when purchasing a car is whether to buy a new one or used. Gerry Lane Cadillac has a full inventory of used and pre-owned vehicles, and we can help you make the decision that's best for you. In this overview, we'll examine the benefits of each and give you some things to think about as well. You'll find this information useful when you're having difficulty choosing between the two. We're here with you every step of the way to help provide you with the best vehicle that suits your needs.
Buying A New Car
Pulling away in a new car can be an enjoyable experience, and they have many benefits to offer to buyers. Let's take a look at some of the biggest reasons people purchase new:
What To Think About When Buying New
You'll want to consider a few things before buying new to help you make the best choice. A new car will cost you more money, and also are typically more expensive to insure as well. You'll also have to consider how quickly new cars depreciate, which is essential to many.
- New cars don't come with a history. When you buy new, you'll never have to worry about its previous owners, accidents, or breakdowns. A new car lets you have that peace of mind.
- New cars offer exclusive deals. There seems always to be an excellent offer for buying new, whether it be a low financing option or a reasonable price for your trade-in. However, it's also a good idea to have good credit to qualify for some of these.
- New vehicles have the latest technology available. The latest cars on the lot have some of the best possible advanced tech features for technology and entertainment. Things like a rear vision camera, adaptive cruise control, or infotainment touchscreen display won't be found in a car that's ten years old.
- New vehicles are incredibly efficient. In recent years, even larger-sized trucks and SUVs have turned a corner on fuel-efficiency. Turbocharged engines are now becoming more popular along with more lightweight and sleek designs that save you money at the pump.
- Grab a fabulous warranty with a new car. You can always feel great about buying new ones because you'll enjoy warranty coverage that's bumper to bumper for at least three years in many circumstances.
What To Think About When Buying New
You'll want to consider a few things before buying new to help you make the best choice. A new car will cost you more money, and also are typically more expensive to insure as well. You'll also have to consider how quickly new cars depreciate, which is essential to many.
Buying A Used Car
Now that you've considered a few aspects of buying new let's take a look at some of the reasons why people buy used:
- Used cars are less expensive- Purchasing a used car can save you money because the amount of interest you pay is usually lower over the long term. Also, you'll find the insurance rates to be cheaper on pre-owned if you're not using it. When it's easier to fit into your budget, an auto payment is much less stressful.
- Used cars depreciate less. As soon as you buy a car, the value starts to drop, but you'll avoid the massive depreciation if you buy a used car. Most of the depreciation occurs within the first few years.
- Pre-owned vehicles last longer. Gone are the days where you need to worry about a used vehicle breaking down on you. Today's cars are built to last way beyond the 100,000-mile mark and beyond. With access to detailed history reports and a thorough multipoint inspection, you can feel more confident than ever purchasing a used car.
- The variety of used cars is incredible. There may be something specific you're searching for that is no longer offered in a new car. You can also browse a large selection of different models and makes that are affordable and desirable.
- Buying used still has warranty availability. As long as you're working with a trusted source, buying a used car doesn't mean you're taking a gamble. You can still get some warranty coverages in many instances.
What To Think About When Buying Used
Buying used means you won't have some of the advantages of new, but it can still be a good option. You shouldn't expect a used car to last as long as a new one, but they can still be reliable. Also, you'll assume much more risk buying used if you just buy from an independent seller without a car history report or mechanical inspection.
Let Gerry Lane Cadillac Help You Make The Best Choice
At Gerry Lane Cadillac, we can help you decide whether buying new or used is right for you. We work with all our customers for trade-ins, financing, and more. We would love to help make it an easy process. Stop by today or give us a call to schedule an appointment with one of the members of our sales team.