Buying a New Car vs. Buying a Used Car: What You Need to Know

Angled profile of a parked gray Toyota Corolla

Buying a New Car vs. Buying a Used Car: What You Need to Know

Should I Buy New or Used?

Whether you’re a first-time car buyer or shopping around for your next vehicle, it can be challenging to decide if you should buy a brand-new one or a used one. And for some drivers, this stage in the car-buying journey can be one of the most overwhelming.

Although your budget is a significant factor that can affect your decision, there are other equally important matters to consider. What about the long-term financial impact on your life? What about safety?

What you decide on should serve your purpose and must be beneficial and responsive to your needs. So, it helps to know what you’re getting yourself into when you finally make your choice. Do your research and make comparisons.

Visit us at the Spitzer Toyota Dealership in Monroeville, PA, to learn more about buying a new or a used car today!

Pros and Cons of Buying a New Car

The smell of a brand new car is appealing, especially when you realize no one else has owned your car but you. You’re starting on a clean slate and every part of your car, including its engine and cabin, is in perfect condition.

Driving a new car gives you the peace of mind and the confidence you need when setting out on the road. A new car has advanced safety features and a navigation system you can depend on to ensure you and your passengers will get to your destination safer, in comfort, and with fewer risks to worry about.

And as for long-term benefits, your car comes with an automatic warranty and is less likely to break down, giving you extra savings on costly maintenance and repairs. A new car is also fuel-efficient, so that’s more savings on gas money and on your precious time.

But buying a new car comes with a price. You have to pay the sticker price or the premium retail cost of the vehicle and its insurance and, depending on your payment plans, you may end up having a significant amount of money taken out of your bank account every month.

Pros and Cons of Buying a Used Car

Budget is the main driver for some who prefer buying a used car over a brand new one. Because of the reduced sticker price, the monthly payment and insurance will also be lower depending on your plans.

At the same time, buying a used car also allows you to get the luxury or high-end model you usually wouldn’t pay the retail price for had you chosen to buy it new. On top of that, you can choose to buy a certified pre-owned (CPO) car that went through a thorough reconditioning process that makes it run almost like it’s brand-new.

So, aside from not having the exhilarating brand-new smell and prime condition of a used car, what’s the disadvantage?

The main disadvantage is the long-term effect on your wallet:

  1. Your used car may likely not come with a warranty, and since its parts are older, your vehicle is prone to breakdowns and will require more frequent repairs and maintenance.
  2. It may not be fuel-efficient which calls for more trips to the gas pumps.
  3. Your insurance premium may come out as more expensive because of the risks your used car poses on the road.

Where You Buy Your Car Makes a Difference

Buying a used or a brand new car has both advantages and disadvantages. How your purchase will serve your needs and financial situation should be your top considerations.

Aside from deciding between buying new and used, it would help if you also considered where to buy your vehicle from. Choose the car dealership that will give you excellent customer service, savings, and more value for your money.

The Spitzer Toyota Monroeville Dealership has been the go-to for our loyal customers in Monroeville, PA. We offer exclusive dealership deals and promos, a vast inventory of brand-new, certified pre-owned, and used Toyotas, have excellent customer and financial service, and a service center with expert mechanics on standby.

Contact us at Spitzer Toyota Monroeville in Monroeville, PA, to learn more today!

September 15, 2021
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