Should I buy a new car or a used car?
Without a doubt, the decision to buy a car is one of the most important that can be made in terms of assets. The vehicle we choose will surely accompany us for many years and will be from a work tool to the way we move through life. It will be present on pleasure or business trips, on visits to friends and family, and it is likely that it will save us from more than one hurry. Therefore, making the decision requires sincere and laborious reflection. Choosing the make and model may be the most important, but we must also consider technical issues such as mileage and year. Even aesthetic details such as color or upholstery can influence our decision. But, without a doubt, one of the first questions we ask ourselves is: should I buy a new or used car?
In some cases, this question may not be entirely relevant. There are people who are determined that their vehicle is always first-hand. Of course, to indulge in that taste there should be no economic or financial impediments. Instead, other people are at the opposite extreme. They know they don’t have enough money to buy a new car, so they pick the best used car option possible. However, many people find themselves somewhere in between. They can access credit or have money of their own, but they are not so sure that it will be more convenient. For all of them, this article can be very useful and help them define this important issue.
How to decide if I should buy a new or used car
When choosing between buying a new car or a used one, there are many different factors to consider. Of course the immediate value is one of them, but not the only one. There are also differences in maintenance costs, taxes and other expenses. And other differences may be related to the taste and preferences of the user. For example, it is possible that a certain model has been discontinued, or that it has undergone modifications over the years. In that case, if you want a certain car that is no longer manufactured, you will inevitably have to resort to a used one. Therefore, it is interesting to think about the advantages that exist in each case.
The benefits of a new car
When in doubt about whether to buy a new or used car, the temptation to have a late model can be great. Having a shiny car equipped with the latest technology can attract attention. In addition, it is likely that we have a certain guarantee that assures us of a time of use without inconveniences. But we must also bear in mind that many of these characteristics can be found in a used car in good condition, and without paying a fortune.
On the other hand, there are also some advantages to financing new cars. Dealers often offer really low or even 0% rates, and in some cases some cash back. However, not everyone can access these special offers. If you have a low credit score, many doors can be closed on your path. Fortunately, at Airport you can find the best Buy Here Pay Here financing on used cars. In this way, you can take advantage of the financial advantages and, at the same time, the low prices of used cars.
Another potential benefit of new cars is the ability to customize them. There are many variables of a car that you can select from if you buy directly from a manufacturer dealership, fresh from the plant. Different interior materials or colors, state-of-the-art equipment or special features can be alluring. However, there is also a negative side. All of this costs money and, in many cases, takes time to get the customization you want.
Finally, when it comes to whether I should buy a new or used car, it may be easier to buy a new one. This is because you only have to decide on the make and model to order from the dealer. Instead, with used cars you may need to go around and research the available options. However, that is no longer a problem. At Airport you will find a wide variety of used cars, for all tastes and with the best prices on the market.
The benefits of a used car
Among the main advantages of a used car is undoubtedly the price. In general, it is considered that a car loses 20% of its value at the moment it leaves the dealership. So you can get the same car with only a year of use for much less. And this is not all: since the value of the car is lower, the cost of insurance will also be lower. This way, you’re not only saving a good amount of money on the initial price, but you’ll continue to save on normal car expenses going forward.
To this must be added that the depreciation rate of used cars is decreasing. After the first year, it is estimated that the car loses between 8% and 10% per year. That is to say, the initial devaluation is much more important than that of the successive years. Therefore, when you buy a used car, you will bear a much lower loss in value of the asset than if you bought the same car new. Looking at it this way, there’s not much to think about.
So, should I buy a new or used car?
In general, we see that buying a new car represents a sumptuary expense, a luxury. Yes, it is true that it can seem very nice to have a car ready to release. But there are used cars that are in such good shape that you couldn’t tell the difference. Or rather, the only difference you’ll notice is that you’ll pay a much lower price for the same car.
When in doubt about whether I should buy a new or used car, the used option prevails as the most intelligent. You will be paying less, but you will also have less fixed expenses for insurance. Also, you will not suffer most of the depreciation of the car. And, as if that were not enough, you also have the possibility of financing it with great advantages, even if you do not have a good credit score or a high income. At Airport we offer Buy Here Pay Here financing for our used cars, with enormous facilities. We have a wide variety of makes and models so you can choose the next car of your dreams.