It's the question that comes up for almost all potential car buyers: Should I buy new or used? There are significant benefits and drawbacks to each option. Typically, one is better suited to your needs, lifestyle, and budget than the other. Here's a brief guide to help you decide whether to buy a new or used vehicle. 

Benefits & Drawbacks of Buying New

There's nothing quite like buying a new vehicle and being able to call it your own. Here are a few benefits of buying new:

·         Brand-new equipment and interior - New vehicles feature the most up-to-date equipment and interiors that are clean and unused.

·         Latest vehicle technology - Typically, new vehicles come with state-of-the-art connectivity, convenience, and safety technology, taking your driving experience to the next level.

·         Customized specifically to you - You can customize a new vehicle exactly to your liking and according to your preferences, which you can't do with a used vehicle.

·         Reliable - Since new vehicles feature brand-new equipment, you don't have to worry about damaged equipment or vehicle systems.

However, buying a new vehicle is often more expensive than buying used, and new cars can lose up to 40% of their initial value in the first two years alone. New vehicles are also more expensive to insure.

Benefits & Drawbacks of Buying Used

Buying used is an option that many car shoppers pursue, as it's a smart option for a variety of drivers. Here are a few benefits of buying used:

·         Better value - Used cars are priced much more affordably than new vehicles and have already gone through the standard value-depreciation process that new vehicles go through in the first couple years. Therefore, you get more for your money when buying used.

·         Greater variety of cars in budget - Buying used may bring particular make/model that is otherwise unaffordable to you into your budget, granting you access to your dream car.

·         Same or similar equipment and features - Used vehicles from recent model years often offer the same or similar equipment and features as the current model year, but come at a better price.

For some drivers, however, buying used can feel risky and less comfortable than buying a new vehicle. It's true that you can't entirely anticipate how a used vehicle will perform, but used cars from dealerships generally come with a warranty to give you peace of mind that your investment is protected.

Come explore our lineup of new and used models here at Mike Raisor Auto Group.

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Mike Raisor Automotive Group


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