Is it Better to Buy a New or Used Car?

Have you ever wondered, “Should I buy a new or used car?” 

When it comes to buying a car, there are many options available. You’ll have to make a decision based on your personal preferences and budget. In a nutshell, you have two main choices: a new vs. used car. Each offers its own benefits and drawbacks. There are some who will always opt for a brand-new vehicle, while others may be content with an older model. Buying a used car is probably a better option if you’re on a tight budget. In this guide, we will compare new vs. used cars to help Newnan drivers decide on the best option. Read on to find out more.

New vs. Used Cars: What are the Differences?

New Car Advantages

• Newest Technology: Buying a new car gives you access to the latest technology. One of the most promising features is an in-car Wi-Fi hotspot. This allows the vehicle to connect with other vehicles and outside systems, such as a traffic alert system.
• Greater Fuel Efficiency: The average fuel efficiency of new cars has started to increase. The automotive industry has led to the development of a number of technologies to improve the fuel efficiency of vehicles. These include electric motors that operate without an internal combustion engine.
• Full Warranty Coverage: When you buy a new car, you will get full warranty coverage. There are several different types of warranties. One of the most important is the manufacturer’s warranty. This is usually included in the purchase price of the vehicle. It covers defects in workmanship and faulty components.

New Car Disadvantages

• More Expensive: The biggest disadvantage of buying a new car is its high price. It is more expensive compared to used or certified pre-owned vehicles. These vehicles often come with a higher price tag and can be difficult to buy for budget-conscious drivers.

Used Car Advantages

• More Cost-Effective: If you have been in the market for a car, you’ve probably browsed used cars. These cars are cheaper than their newer counterparts and often have a warranty if they’re certified. 
• Slower Depreciation: Used vehicles depreciate at a much slower rate than new ones. This is because there is a high demand for used cars. It also means the market is a tight one, and so the supply is low, keeping prices high.
• Less Chance for Negative Equity: A used car is often a great choice. It can help save money and provide you with a reliable ride. There is also less chance of negative equity as you can buy these cars for a lower price and sell them for a profit or trade them and not go upside down on your loan. 

Used Car Disadvantages

• Higher-Priced Financing: Interest on used car loans can be higher compared to new cars. The price of the vehicle will be less, but the interest rate may be high.

Why Shop with Scott Evans Nissan?

In a nutshell, there are a number of reasons to shop around for a used vehicle. One of the most obvious is the ability to save a bundle in monthly payments. Buying a car outright, however, isn’t for everyone. The price of cars hasn’t fallen in years, and interest rates are still near record highs. If you have good credit, however, you may be eligible for one of many financing options available. At Scott Evans Nissan, you’ll get a good selection of Nissan, models, and trim levels. Our sales team will help you find the perfect match for your budget and lifestyle. Our finance team will also work with you to look into the best financing options. You can apply for financing online or use our payment calculator to learn more.

Start Shopping with Scott Evans Nissan Today!

If you have finally decided to get a car, Scott Evans Nissan is the best place to visit. We will introduce you to our new Nissan inventory and our wide used car selection. You can also browse our new car specials and pre-owned offers. Contact us online or call us at 470-458-4036 if you have any queries.