If you are looking to buy a car one of the first decisions you have to make is used or new. Both options have many benefits, so it is important to decide which is the best fit for your needs.
New Vs. Used: Why Does It Matter?
New CAR
Often times with a new car you are able to find an option that fits exactly what you are interested in down to the interior and exterior color.
Made To Order
New cars will have the latest tech features available. This will allow you to find a package with all the newest gadgets you are hoping for.
Latest Features
New CAR
If you plan to finance your new car then you may be able to find a deal that is better than a used car. Banks offer lower financing rates on new cars because they are worth more. Plus you may be able to find a good deal before buying.
Financing
A lot of new cars offer packages with scheduled maintenance paid for. Make sure to consider those fees in the final price, because that will not be included with a used car.
Maintenance
Used CAR
Used cars are going to be a cheaper option then a new car and may even allow you to bump up to a nicer model.
Price
Used cars tend to have less expensive insurance rates due to its age.
Cars loss value over time, but the biggest loss in value happens when a new car is bought. After the first year the depreciation drops at a much lower rate.
Depreciation
Used cars still offer you choices even if you are not able to build the car. Often times used cars can allow you to choose features that are no longer made available in new models.