Should I Buy a New or Used Car?

One of the first questions that any Bartlett driver will ask themselves when they hit the market for a new ride is: Should I buy a new or a used vehicle? There’s no universal answer to this question, but there is a way to decide which fits your needs. Wolfchase Nissan covers new vs. used car benefits below!

New vs. Used Cars: Which Are Better to Buy?

Benefits of Buying a New Car

• Better MPG: Automotive manufacturers are constantly trying to improve their fuel-efficiency ratings, with turbocharged motors, hybrids, and other innovations helping you save at the pump.
• The Latest Technology: New vehicles are loaded with cutting-edge features. The pace of car technology changes quickly, and even something a couple of years old can feel outdated.
• Warranty Coverage: New vehicles typically come with standard warranties for powertrain and bumper-to-bumper coverage that last several years.

New Car Disadvantages

• More Expensive: New cars are generally more expensive than used cars. Plus, maintenance costs for advanced technology can increase once the warranty expires.

Benefits of Buying a Used Car

• Saving Money: Used cars, even when purchased from a dealer with insurance and taxes, are typically much cheaper than new cars.
• Variety of Vehicles: There are always more used cars available than new cars, and this is especially true these days with production delays affecting new car availability.
• Depreciation Takes Longer: Most depreciation happens in the first few years of a car’s life. Buying a used car means you avoid the bulk of this depreciation.
• Less Chance of Negative Equity: Negative equity occurs when you owe more on your car loan than the car is worth. Smaller car loans on used vehicles reduce the likelihood of this happening.

Used Car Disadvantages

• Higher Interest Rates: Used car loans generally come with higher interest rates than new car loans. However, the loan amounts are usually smaller, and the loan terms are shorter.

Why Shop for a New or Used Car With Wolfchase Nissan?

If you’re wondering, “Is it better to buy a new or used car?” you’re probably also trying to find the best place to buy either. At Wolfchase Nissan, we make sure to offer a wide selection of vehicles for Bartlett commuters and families.

Moreover, our finance center will work closely with you to figure out the loan term and interest rate that fits your budget. You can even get started on our website by using the finance application, payment calculator, and value your trade tools!

Find Your Next Ride with Wolfchase Nissan Today!

So, is it better to buy a new or used car for you? Whichever you decide, Wolfchase Nissan is here to help you in Bartlett. We’ve always got new vehicle specials and pre-owned vehicle specials on excellent cars. Contact us today with any questions you may have!