The Crossroads Every Car Buyer Must Face

Buying New vs. Used

Is it Better to Buy New or Used?

Driving home in your new vehicle is exciting and invigorating, but it often takes a lot of work to get to this point. From research and comparisons, to test drives and car loans, many car buyers spend an incredible amount of time researching their next vehicle before they take it home. One of the major decisions that a car buyer must decide on is whether or not he or she will buy a brand new car or purchase a used one. Contact us to explore the benefits of buying a new car vs. a used one and help you decide which one is best for you.

The Prestige of a New Car

When you shop for a brand new car, you get the peace of mind that it hasn’t previously been in any accidents or had any major repairs. When you shop for a new vehicle, you get the benefit of finding the exact specs that you’re looking for. If you ever have trouble finding the brand new model you’re looking for, you can always order it from the manufacturer or search nearby dealer’s inventories for the specific model.

When it's time to apply for a car loan, you can find plenty of incentives by way of dealer specials or manufacturer incentives. Applying for a new vehicle loan often offers better interest rates, potentially saving you thousands off the sticker price when added with any incentives, trade-in credit, and discounts that you may qualify for.

Driving a new vehicle also means that you’ll enjoy the latest technology. As technology advances faster than microwave popcorn, it's no surprise to see updated connectivity and safety features in a new model that the previous model year did not have. This also applies to gas mileage, as automakers are striving to produce more fuel-efficient vehicles.

However, buying a new vehicle is not always unicorns and rainbows. A new vehicle will always be more expensive than a used model, even if the used model has only a few hundred miles on it. Moreso, a new car loses approximately 20-30% of its value after just one year, which means that if you buy a new vehicle and make monthly payments, you might have thousands of dollars in negative equity if you try to trade it in shortly after purchasing it.

A dealership employee shaking hands with a new-car buyer

There are Benefits of Buying Used

Buying a used vehicle may take a little more research and a little more time than purchasing a new one, but it is a step that can save you thousands of dollars. While there are certainly horror stories out there about used vehicles, a little due diligence goes a long way. Numerous resources are out there like Carfax, which allows you to check the vehicle history report for reported accidents and other major occurrences.

Buying a used vehicle could also offer more value for your dollar because you get late model technology, and potential extended warranties while not having to endure the heavy car depreciation that a used vehicle goes through during its first three years on the road.

While there may not be as many financing options as a new vehicle, there are certainly plenty of options that await. Though used vehicles do come with the benefit of a lower price tag, they are sometimes more expensive to insure because newer models may have more advanced safety features.

Nonetheless, a used vehicle can offer many miles of reliability and owner satisfaction.

What is Certified Pre-Owned?

A certified pre-owned vehicle, commonly referred to as a CPO vehicle, is almost the middle ground between a new and used car. A CPO vehicle is a used vehicle with low mileage that has surpassed a manufacturer's multi-point inspection. These inspections are often rigorous and ensure that the vehicle that you purchase is in like-new condition. Once the vehicle has passed such an inspection, it is reconditioned and offered for sale. CPO vehicles offer total peace of mind because they feature incredible warranties like new vehicles, but feature a lower sticker price while giving you the benefits of a like-new vehicle.

Your Next Car Awaits at Marlow Ford

Here at Marlow Ford, we support you no matter which type of vehicle you choose to buy. Whether you prefer a new vehicle, a used one, or a CPO Ford, we welcome you to come in and explore all that awaits and take advantage of all the benefits that await. Not only do you get to choose from our extensive inventory, but you also get to work with our excellent sales team and enjoy savings thanks to our incredible finance departments. Providing impressive new, and used vehicle incentives, there’s never been a better place to come for your next car, truck, or SUV.

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