At Cars 911, we make buying a used car easy. But do you know whether buying a car used or new is more advantageous? Sure, there are perks to buying a new car. However, it depends on the benefits that mean the most to you.
Why Buy a New Car?
New cars are expensive. In fact, a car is one of the biggest expenses the average person ever faces. But it’s easy to shop for a new car and you don’t need a mechanic to evaluate it. There are also financing options to make paying for it easier. New car loans with decent interest rates, cash rebates, and negotiating also help.
Then there’s the technology. Newer performance, comfort, and safety features have been introduced in recent years, which might not be available in used cars (unless you’re going for a previously leased vehicle that’s just two or three years old). And, new cars are reliable and covered under a 36,000-mile/three-year factory warranty.
Used Car Benefits
In the past, buying a used car came with stigma that doesn’t hold up anymore. To say you’re investing in someone else’s problems isn’t true. Many cars are lasting 100,000 miles or more without significant problems. You’ll need oil changes, brake service, and tire rotation like with any car. But many parts, including brake pads and tires, last longer, meaning scheduled maintenance is required less frequently.
Used cars can save you money in several ways. Some of these include:
- Depreciation: A new car loses 20% of its value as soon as you purchase it, and 30% in the first year. You’ll feel this when you sell or trade in your vehicle later. For example, a $30,000 car may depreciate by $15,000 in three years, while a $15,000, three-year-old car you buy can be sold for $10,000 three years later. It has only depreciated by $5,000.
- Lower Insurance Rates: If you spend less on a vehicle, collision and comprehensive insurance coverage will cost less. Some used car owners drop their collision and comprehensive coverage. While this can save you more, make sure the policy you select meets all your needs.
- Cheaper Registration: Used cars cost less to register. Plus, the cost of registering one drops every year, so you can save some money in the process, while enjoying the benefits of your used car.
- Move Up a Class: You can save 30% or more by purchasing a vehicle used. If you think about it, maybe you can afford the next-up trim level or additional features that you couldn’t with a new car.
And, rather than adding to your problems, a used car can lower your stress level. A dent or ding is not a big deal. It’s kind of sobering when you drive a new car out of the dealership, only to get your first dent the same day. So, a used car can leave you feeling a bit more secure.
Quality Used Cars at Cars 911
Now that you’re aware of the many used car benefits, come to our dealership in Los Angeles to view our large inventory of used cars, trucks, SUVs, and luxury vehicles. We’ll help you with buying a used car thanks to aggressive financing options and specials. You may end up driving away the same day as your test drive. Trusted by thousands, we offer a wide range of top brands, plus professional car service and maintenance. Visit our dealership, get approved online, or call our sales department at 323-366-6652 today!