Should I Buy A New Car Or A Used Car?

Autoplex Alberta
Gripping Gears Blog
Should I Buy A New Car Or A Used Car?
Autoplex Alberta

Should I Buy A New Car Or A Used Car?

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Purchasing a vehicle is a long-term commitment that requires some research and consideration before making the final decision. This brings up the question, should I buy a new car or a used car at the dealership? This depends on the type and condition of the vehicle that is being considered. These factors can change the overall decision-making process that best fits your financial situation.

Is it cheaper to purchase a used or new car in the long run? 

There isn’t a single answer to this question as there are a range of factors to consider when buying a car. Therefore, it is helpful to consider the pros and cons of purchasing a new vehicle or used vehicle when at the car dealership.

Pro vs Cons for buying a new vehicle

Pros of buying a new vehicle 

Purchasing a new vehicle eliminates the stress of worrying about upkeep and maintenance history like you may experience in a used vehicle. New vehicles provide a sense of reliability and decreased repair spending for the car buyer in the long run. 

Cons of buying a new vehicle

A new vehicle is expensive and usually requires an initial upfront payment of a large sum. If your finances are limited and you have a history of bad credit this can make it difficult to be approved for and afford a brand new vehicle. Additionally, insurance and financing of new vehicles may have higher rates for individuals with poor credit scores or in tight financial situations. Vehicles depreciate! The moment a new vehicle is driven off the lot it loses a large initial value. This is important to remember before committing to a new vehicle instead of a used vehicle. Especially, if you are looking for a vehicle to eventually trade-in or sell in the future. It may just be better for you to buy last year's model with one previous owner, instead of being the first owner of a brand new vehicle.

Pro vs Cons for buying a used vehicle

Pros of buying a used vehicle 

Purchasing a used vehicle is a less expensive initial commitment as there is a range of lower prices and down payment options for the car buyer. Many used cars are considered close to brand new and therefore are listed at bargain prices compared to the new model. Along with used vehicles having lower monthly finance and lower insurance payments so a used vehicle may just cost you less in the long run. Buying a used vehicle can help avoid additional fees that would otherwise be attached to new vehicles and Autoplex Alberta has a range of payment plans designed to work with your financial needs. Especially, with having a bad credit history, a used vehicle is a better option for getting approved for a financing auto loan.

Cons of buying a used vehicle

A used vehicle has history and this can bring up future mechanical issues which can ultimately increase financial commitments in the long run. However, this can be avoided by researching the history of the vehicle to ensure that it’s a good purchase for you. Buying your used vehicle from a dealership like Autoplex Alberta is a great choice because each vehicle has passed an Alberta Motor Vehicle Council (AMVIC) governed Mechanical Fitness Assessment (MFA). This allows you (the car buyer) to know exactly what you are buying, and be assured your vehicle is safe to drive.

The decision to buy a used vehicle or a new vehicle can be a difficult one to make. However, considering the factors that best suit your lifestyle will help determine which type of vehicle works best. Purchasing a used vehicle from Autoplex Alberta is always a great choice because they are here to help you make an informed car buying decision. A member of our team is always available to walk you through the choices and used car options that best fit your lifestyle and financial needs. We cannot wait to work with you, get started by reaching out to us by one of the options below.

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+1 (587) 327-5804

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2730 23rd St NE, Calgary AB, T2E

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