NEW VS USED VEHICLE? WHICH ONE IS BEST FOR ME?
It’s thrilling, challenging, and exciting all rolled up into a single experience. Simply put, buying a car is a big deal with even bigger implications. In fact, purchasing a new or used vehicle is the second-largest purchase most of us will make in our lifetimes. And before you decide between car vs SUV; midsize vs full-size truck; or red vs black vehicle; your first decision is whether you purchase a new vs used vehicle.
Fortunately, you don’t have to decide alone. The experts at Boyle Buick GMC of Abingdon, MD can help. We will conduct an in-depth needs analysis and guide you to the best solution. Don’t hesitate to reach out to the team at Boyle Buick GMC of Abingdon, MD for assistance. In the meantime, let’s look at a few key considerations you should make in determining whether a new vs used car would be best for you.
Why Buy a New Car?
The advantage of purchasing a new Buick or GMC from Boyle Buick GMC of Abingdon, MD are expansive. A few of the most basic advantages are listed below.
New Car Warranty
For starters, you’ll be privy to the exceptional GM new car warranty that includes both comprehensive Bumper-to-Bumper coverage and Powertrain coverage, which provides protection for the engine, transmission, and other key components.
When you purchase a new vehicle, you’ll enjoy relatively worry-free driving for the first few years. Instead, you’ll mainly only need to focus on key preventative maintenance measures.
Promotional New Car Finance Rates
Another key benefit of purchasing a new Buick or GMC is that you’ll have access exclusive financing at the lowest possible interest rate. For example, many Buick and GMC specials offer exceptional financing such as 0% APR for 60 months. These promotional finance offers can significantly lower the amount you’ll pay over the life of the loan.
Get the Latest Technology
New vehicles will come equipped with the latest and greatest technology. And we’re not just talking bells and whistles — although state-of-the-art infotainment and smartphone connectivity is important. This new technology means you’ll be more likely to enjoy lower emissions and better gas mileage.
New Car Smell
Last but not least is the new car smell. It’s the unmistakable reminder you are the first person to own the vehicle. It’s virtually impossible to reproduce, and many buyers are
attracted to it like a moth to a flame.
Possible Downsides of a New Car
The biggest disadvantage of purchasing a new car is new car depreciation. Any new car you purchase will absorb its biggest depreciation hit the moment you drive it off the lot until the first two or three years. While new car depreciation can be significant, it’s not such a big deal if you’re planning on keeping the vehicle.
Why Buy a Used Car?
Not in the market for a new vehicle? No problem! The team at Boyle Buick GMC of Abingdon offers an expansive selection of premium, high-quality used and pre-owned vehicles from the top manufacturers in the world. And when you purchase a used vehicle from us, here are some of the most common benefits.
Undoubtedly, the top benefit of purchasing a used vehicle is you’ll pay less. According to Kelley Blue Book, the average new car costs around $37,000. If you’re looking to save a little money, you’ll most likely be best suited with a used vehicle. Pre-owned vehicles have an average price of around $20,000.
Avoid New Car Depreciation
Used cars will help you avoid new car depreciation. Because of this, it’s likely you can sell you used vehicles for a similar amount that you’ve paid for it in a couple of years.
Used Vehicles May Have Cheaper Insurance
Another key benefit of used vehicles is they may have cheaper insurance rates. A large portion of your insurance premium is related to the value of the vehicle. Simply put, more expensive vehicles will cost much more to replace in the event of a total loss, which means you’ll logically pay more in monthly premiums. And if you’re in your early 20s and paying higher insurance rates because of it, purchasing a used vehicle with lower premiums can result in significant savings.
Potential Downsides of a Used Car
Before you jump the gun and purchase a used vehicle, it’s important you see the full picture and understand the downsides.
Used Cars May Have Questionable Reliability
The biggest disadvantage of purchasing a used vehicle has traditionally been reliability. These vehicles may require more repairs, which results in increased expenses. However, you can completely overcome this problem by purchasing a Certified Pre-Owned Vehicle. Offering you new car quality at used car prices — the best of both worlds —all Certified Pre-Owned Vehicles at Boyle Buick GMC of Abingdon, MD have undergone an extensive 172-point vehicle inspection and extensive reconditioning process. Because of the rigorous inspections and recondition process, you’ll enjoy two comprehensive warranties, including a Bumper-to-Bumper 12-Month/12,000 mile extended warranty and an Extended Powertrain Limited Warranty for a total of 6-Years/100,000-miles. In addition, CPO GM vehicles come loaded with a full suite of additional, value-added benefits.
You May Not Get Everything You Want
When you purchase a used vehicle, you may have to compromise on the specifics to get the vehicle with the best mileage and history. At the same time, you may not be able to find the exact vehicle you want in the right color with the right options, etc. This often means you’ll need to be much more flexible and patient as you search for a vehicle. You may also be forced to expand your search and look for the best available price.
Contact Boyle Buick GMC of Abingdon, MD to Choose the Best Vehicle
When choosing between a new vs used vehicle, it’s important you make a decision based on your unique needs. Fortunately, you’re not alone! The experts at Boyle Buick GMC of Abingdon, MD can help.
Contact us today to find the best new or used vehicle for your unique needs.