Did you know there are over 17 million cars bought and sold in the US every year?
If you’re in the market for a vehicle, it’s tough to know if new vs used is the best option for you. Should you snag that used Ford SUV in great condition, or would you be better off with a brand-new Chevy?
There are advantages and disadvantages to each, so we’re here to help you make the right decision for your needs. Keep reading to learn more!
Buying Used SUVs: Pros & Cons
Thinking of buying a used car? Here are some key factors to consider.
Advantages of Buying a Used SUV
Buying used is almost always easier on your wallet, as you’ll pay less for the purchase, insurance, and interest on financing. You also won’t take a huge hit on depreciation, as vehicles lose most of their value in the first few years.
It’s easy to find out the SUV’s history, including maintenance reports and any accidents. You might also be able to afford a better car than if you bought it new!
If buying used seems like the best path for you, check with a reputable dealer like matthewsfordba.com to ensure you get only the highest quality used vehicle.
Disadvantages of Buying a Used SUV
Of course, even the most comprehensive car reports can’t tell you everything. You have no way of knowing how easy (or hard) the previous owners drove the vehicle.
Since there’s rarely a warranty, when you drive off the lot any underlying problems immediately become your problem. You might also have to make some compromises on color, condition, or mileage, depending on what’s available in your area.
Buying New SUVs: Pros & Cons
Is a new SUV calling your name? Before you make your final decision, consider these factors.
Advantages of Buying a New SUV
Buying a new SUV means you don’t have to worry about its history, past accidents, or previous maintenance work. New vehicles are cheaper to finance and many dealerships offer phenomenal deals at different times of the year.
You have full control over your purchase, from the color to the latest technologies. New SUVs are more fuel-efficient than their used counterparts. You also get full warranty protection, giving you more peace of mind.
Disadvantages of Buying a New SUV
The most obvious drawback to buying a new car is the high price tag. A new midsize SUV in 2020 will set you back almost $40,000, while a luxury full-size SUV could cost over $88,000.
You’ll have to pay more in taxes and insurance, which can also be a hit to your wallet. Also, new cars are sold exclusively through dealerships, limiting your buying options.
Used Ford SUV or New Chevy SUV? You Decide!
In the debate of new vs used cars, which one comes out on top? There are pros and cons to both, so ultimately it comes down to what’s best for you and your needs!
Before you decide on that new Chevy or used Ford SUV, refer back to this list to help you make the best decision.
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