Whether to buy new or used cars is a long-standing conundrum for many. There are certainly people with their heals dug into both ends of the spectrum, and plenty of regular folks in the middle just trying to get a deal. We’re here to discuss the pro’s and con’s to both in an effort to help guide you into being an informed buyer.
Typically, buying a used car is cheaper than buying a new car. You can usually get a car that is three to four years older than the newest version and have it be almost half the price. When you purchase a used car the price depreciates, especially within the first two years. This depreciation of cost means that the price of ownership diminishes per year. You may have heard that insuring a new car is more expensive than a used car, but that’s not always the case. It’s true that more expensive cars generally cost more to insure, and new cars tend to be more expensive than older ones. But new cars also have several things going for them that can make their insurance rates lower, such as:
- Newer and improved safety features: A car with modern safety features is seen as cheaper to insure, as they can not only be safer in an accident, but also potentially less likely to get in an accident in the case of driver-assist technology. Saying that, many late model used vehicles have great safety features too, so be sure to read the spec sheet.
- Likelihood of theft: A new car isn’t usually the most appealing target for thieves, as anti-theft technology continues to progress. They’re more likely to go for a popular model with parts that have remained unchanged for years, because it’s easy to strip down and part out. Again though, be sure to check the spec’s on both new and used, as there can be a vehicle by vehicle difference.
A common misconception about used cars is that they are less reliable, but this is simply not true. Cars have never been more dependable than they are today. With proper maintenance the hundred-thousand-mile mark isn’t the big deal it was in yesteryear. Interestingly enough, the cost of renewing your registration is also cheaper on a used car.
Luckily for you, whether you want to get a new car or a used car, Briggs is the right place for you. The Supercenter has a wide selection of top quality used vehicles, but our family of stores also has plenty of new as well. Contact us today and let us help find the one that’s right for you!