How to Decide Between Buying a New Car and a Used Vehicle
One of the hardest decisions drivers have to make when considering a vehicle is whether they want to buy a brand-new or used vehicle. Part of what makes the decision so difficult regarding new or used vehicles is the lack of a right answer. Every driver has his or her own driving situation, which has a direct impact on whether a new car or a used car is better. Drivers are encouraged to view both the advantages and disadvantages of owning a new or used vehicle to help determine which type of vehicle best suits their situation.
Advantages of Buying a New Car in California
There are numerous benefits to buying a brand-new car. Drivers who want to have top of the line technology should consider buying a new car. New technology has become significantly more appealing than in the past years. In the past, new technology typically referred to superior sound systems and a couple of other minor perks. With the growth of technology in recent years, having access to newer technology means vehicles with Bluetooth connectivity and access to advanced GPS features. In addition, there are many new safety features available through driver assistance technology, such as automatic emergency breaks, adaptive cruise control, options for blind spot monitoring, warnings for lane departure and cameras that display a rearview while backing into a parking space.
It is not just technology that has improved in recent years. Fuel efficiency has undergone many changes. Newer cars will often have drastically better fuel efficiency compared to older models, even models that are only dated by a few years. For many drivers, fuel efficiency is very important, given the rising costs of gas. Some vehicles can get 10 to 15 more miles per gallon than the older models.
One of the more obvious advantages of buying a brand-new car is the lack of any wear and tear on the vehicle. Drivers know exactly what kind of condition a brand-new car is in. With new cars, drivers can also ensure the vehicle is always brought in on time for any tune ups. In addition, new cars come with generous warranty coverage, which typically lasts between three to five years. Some cars will have a warranty valid for a certain number of miles. Either way, the warranty provides a level of security that used vehicles cannot match.
When it comes to physically shopping for a brand-new vehicle, drivers have plenty of options. Drivers can always go down to a dealership and ask about the latest model of a vehicle. Even if a dealership does not have a specific model available, there is a good chance they can reach out to another dealership that has a larger stock. Many dealerships also offer deals and financing incentives for drivers that purchase a brand-new vehicle over a used vehicle.
Disadvantages of Buying a Brand-New Car in California
When it comes to buying a brand-new car, the biggest disadvantage is the price. While financing incentives help offset some of the expenses with a brand-new car, the new car will still cost significantly more than a used car. Because of the higher cost, buyers will also have to pay more in sales tax. On top of that, buyers also have to pay more for insurance on a brand-new vehicle. Finally, the overall value of a car significantly decreases once it is driven off the lot. In most situations, this is not a problem as buyers expect to use a brand-new vehicle for years before they even think about trying to sell it or trade it in, but it is still something to consider.
Advantages of Buying a Used Car in California
One of the biggest advantages to buying a used car is the price. Used cars are significantly cheaper than buying new cars. Even cars that are only a few years old experience a significant price decrease, making them a much better option for buyers on a strict budget. Similar to a brand-new car, the price decrease not only applies to the base cost of the car, but it also applies to sales tax and the cost of insurance. Buyers have an easier time securing a loan for used vehicles, since they are not required to borrow as much money.
Buyers also have the advantage of doing more in-depth research on vehicles they want to purchase. With brand-new cars, there are only initial reviews. With used cars, the buyer has years of vehicle reviews to consider.
Disadvantages of Buying a Used Car in California
There are two big disadvantages with buying used cars. The first is actually locating the specific vehicle. For cars that are only a few years old, this is generally not a problem. If the buyer is looking for a more specific model it becomes much harder. The next disadvantage is the condition of the vehicle. Buyers must be very careful when they are purchasing a used car, otherwise they risk buying a vehicle that will require a significant investment to actually drive or a car that will require constant and frequent maintenance.
Buyers should always get a vehicle history report before agreeing to purchase a used vehicle. Whenever possible, it is also a good idea to get the vehicle inspected by an independent party, just to make sure there are not any obvious operating issues.