29 July 2016 11:39 am / Road Trip Drivers Buy a Car Finance a Car

Buying New vs. Used

It’s the age old question for those who are dipping their toe in the preverbal pool of car buying: used or new? Like doing the Macarena, there is no right or wrong way. There’s just whatever feels right to you. And we’re here for the hand holding, every step of the way.



Buying New


Aside from that new car smell, there are plenty of pros to buying new. Unlike used cars, you can personalize a new car just the way you want it. There are plenty of options for interior and exterior features and add on’s to make your next car purchase fit exactly what you want.  

It’s shiny and new. It’s okay here to be like a magpie and get a little excited about the shiny new thing in your life. You don’t have to worry about what accident’s it may have been in, it comes with zero mileage, and doesn’t contain any weird smells. We know the last one is really the reason why you want to opt for new.

A new purchase also comes with an untouched warranty, so you’ll get better protection in case something does go wrong, which, let’s be honest, helps us to all sleep a little bit better at night.

New cars also incorporate the latest in modern technology, such as evolving multi-face and navigation interfaces, touch screen everything, touch ignition, maybe even the ability to park itself.

If safety is your main concern, buying new might be the way to go. Vehicle safety laws have become more stringent, leading auto manufacturers to step up their game in terms of how vehicles are built. Features such as tire pressure monitoring, blind-spot monitoring, adaptive cruise control, side curtain airbags, brake assist, and stability control are now all mandatory components of a new car. So fancy.

Not to mention, new technology also allows for increasingly more fuel efficient options, Hybrid and other eco-conscious features in new designs are also becoming common place.

Buying Used

For obvious reasons, a used car is more appealing for its lower price point. Upgrading to a different car means you have the option to upgrade to a better model for a lower price.

Similar to car financing, insurance rates are affected by how long you have owned the vehicle for. In the case a used car, insurance rates are significantly less than a new car, which, if budgeting is your main concern, can help really drive home the need to go for used.

Not to mention, going used allows you to bypass the new car sales tax. The rate of your annual registration fee also decreases as time goes by, so you could potentially save hundreds or thousands by purchasing second hand.

It goes without saying, too, that going used means you remove yourself from that hefty carbon footprint that's weighing down the planet. Plus, used means you can take your time to search out any classic or vintage model you've always dreamed of driving.

As well, you might be in a better position to negotiate the final selling price when you’re out shopping for a used, rather than new, vehicle.

So, whether you’re craving that new car smell or hoping not to put too big a dent in your wallet, there’s a lot to consider when choosing to go new or used.

 

 

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