Should I Buy a New or Used Car?Blog Mar 7th, 2018
Deciding which car to buy isn’t always an easy decision. Even after you’ve settled on a make such as Ford, you have to choose whether to buy a new or used car. It doesn’t have to be a complicated process when you’re buying a car, however, as long as you follow these guidelines, courtesy of Van Isle Ford in Port Alberni, BC.
When a New Car Might Be a Good Choice
There isn’t necessarily a right or a wrong decision when you are narrowing deciding to buy a new or used car, but there can be benefits to each. For many car shoppers, a new car from Van Isle Ford could be the best decision to make.
Full Warranty Coverage
When you buy a new car, peace of mind is a huge benefit. It’s covered by a new car warranty that only starts when you buy it, so you get coverage for the whole warranty period. It can save thousands of dollars during your ownership period on repairs that would be covered under warranty.
Lower Financing Rates
New vehicle purchases often qualify for incredible incentive rates for financing. Although your initial purchase price is usually higher than a used car, lower financing rates can lower your monthly payments significantly, making it more affordable than you might imagine.
The Latest Technology
New cars are a great option if you enjoy having the most current tech features. You can choose the right trim level for your needs. As well, a new car will be equipped with the latest emissions equipment and have the best fuel efficiency technology in it.
Why a Used Car Might be Right for You
If you’re buying a car, especially a first car, a used car is often a good option for you. There are benefits to it, although you’ll need to be diligent about the details.
Shorter Warranty Coverage
Some used cars may not have any warranty coverage, although Certified Pre-Owned models and nearly-new cars typically carry the balance of the manufacturer’s warranty. If you’re choosing a used car, make sure to ask about any balance of factory or extended warranty.
Lower Initial Purchase Price
A used car sells for less than it would new, and that’s a major attraction for used cars. Even though financing rates may not be as competitive as for new cars, payments on a used car are typically less than for a new one. It gets you in the driver’s seat for less money.
Know What You’re Buying
If you decide that pursuing a used car purchase is right for you, it’s important to know what you’re purchasing.
- Request a vehicle history report from the seller so you know the car’s backstory. It will detail any previous accidents, thefts, recalls, or other pertinent history that you’ll want to know.
- Check the car over. Give the used car a once-over to identify any areas of concern or wear. Worn tires or brakes, leaks, or unsightly body damage don’t mean it’s a bad car, but it could be leverage for a better purchase price.
- Do your research. Confirm that the selling price is in line with comparable vehicles by using online tools. You’ll need to know the accurate mileage, the car’s year, make, model, and trim level, and its condition so you can make sure the price is right.
Whether you’re in the market to buy a new car or a used car, Van Isle Ford can help. With an incredible selection of new Ford models and used inventory, you’ll find the right car for your needs.