Buying a Used Car Versus a New Car

Car dealerships in rochester ny

If you are needing to purchase a new car, the first question you want to ask yourself is, do you need a brand new car or will one of the pre owned cars work for you? Subaru inventory and other include both new and used cars at their dealerships, but you still want to decide before you get to the car dealership. This is only one of the things that you want to make up your mind about before you get there. Price is other factor. You’ll need to know how much you want to spend. New Chevy dealers and Subaru inventory can be very tempting and make you want to spend much more than you previously decides on but if you stick to your guns you’ll come up a winner. Let’s look at the pros and cons to new and used cars.

  1. Price
    New car: The mark up on new cars is incredible. They can be extremely expensive and it’s almost impossible for any normal person to be able to pay cash for a brand new car. They are not designed to be paid cash for. The way they are priced ensures that people will have to make payments on them. More about payments and interest later.

    Used car: Even if a car has a few miles on it, this drops the price drastically. If the car has been owned previously, this lowers the price even further. While used cars can still be pricey if they have been maintained and are in good condition, they will never be anywhere near the price of a brand new car. You can pay cash for a used car if that’s what you would rather do.
  2. Interest
    New car: While interest does usually depend on your credit and payment history, the interest on a new car can make you end up paying almost twice what the car is worth by the time you are done paying the car off. This is how dealerships make their money. They don’t make much money off the cost of the car until it is severely marked up, they make it off of interest and fees.

    Used car: If you pay cash and buy a used car, then there will be no interest to worry about. You pay the price of the car and then you own it outright and don’t have to worry about extra payments or paying more than the car is worth. While making payments can be very good for your credit, if you are more worried about the money you’re spending than credit, buying a car outright is the answer.

  3. Condition
    New car: A new car is guaranteed to be in top condition from the inside out. Subaru inventory and others take pride in the condition if their new cars. The interior will be clean, have that ‘new car smell’ and have been kept very well by the dealership. The exterior will be freshly waxed and kept clear of scratches, dents and other flaws. Under the hood will always be very clean as well. The functionality of the car will be flawless just like the rest of it. If you have a problem soon after you buy a new car, you can take it back to the dealership and chances are they will fix it for free or at least at a steep discount, depending on the issue.

    Used car: You get what you get. If you’re buying a pre owned car, there are chances that the inside and outside cosmetics have not been kept up to par and you can never be 100 percent sure about what’s going on under the hood. There could be mechanical flaws that you don’t know about and if the seller doesn’t disclose that information, you could be purchasing a pile of junk and have no idea. There will be no guarantee such as what Subaru inventory has. If this is what you are going to do, it is advisable to bring along a mechanic to take a look at the car before you make any commitments to purchase.

Knowing the pros and cons and what it is you want beforehand can narrow the search and help the car search not to be so overwhelming.

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