Is it Better to Buy a New or Used Car?

2021 Ford Bronco Off-Roading
 

Should you get a new car or one that’s just “new” to you? Lots of Wichita drivers have found themselves in the middle of a new vs. used car debate. So, is it better to buy a new or used car? That largely depends on your needs and budget. To help you determine which is better for you, we’ve put together the buying new car vs. used analysis, below.

Buying a New vs. Used Car – Considering All of the Costs

Is it better to buy a new or used car if you’re on a budget? The answer might seem obvious, but many Wichita car shoppers have sometimes found after running a new vs. used car cost analysis that buying used isn’t always the most economical choice. Here are some of the costs beyond the sticker price that you should take into account:

  • Upfront cost – Used cars usually have a lower purchase price than their new counterparts.
  • Interest rates – Loans on used cars generally have higher interest rates than those on new cars. So, payments may not be that much lower than a new car.
  • Gas mileage – Newer cars generally have better gas mileage as automakers seek to improve fuel efficiency, making them well-suited for the typical Maize commute. A car’s performance will also decline over time, decreasing fuel efficiency in used vehicles.
  • Repairs – Newer cars normally need fewer repairs than used cars and are covered under a warranty.

 

 

Buying a New Car vs. Used Car – Depreciation

Is it better to buy a new or used car when it comes to retaining its resale value? New cars lose their value much more quickly than used cars. You’re far less likely to find yourself owing more on the car than what it’s worth if you bought it used.

Buying a New Car vs. Used Car – Warranty Coverage

New cars are always covered by warranty. However, used cars can also be covered under certain circumstances. Here are the differences:

  • New cars – New cars always come with a warranty.
  • Used cars – Usually only late models are still under warranty and may not have much time remaining on the warranty, depending on how old the car is.
  • Certified pre-owned cars – Certified pre-owned cars are used, but they also come with an extended warranty that is tacked on after the original warranty expires.

Check Out the New and Used Cars at Don Hattan Dealerships

You’re sure to find the right car for you at Don Hattan Dealerships, regardless of which side you come down on in the new car vs. used debate. We have a wide selection of both. And, if you’d like to learn more, check out our posts onreasons to buy a used car and what’s consideredgood mileage on a used car. We have multiple convenient locations, like our one in the Andover area. So, drop by or contact us at today!

 

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