Thinking of Buying a New Car?
There is so much to debate about when looking at buying a car. The Used car market seems to have skyrocketed in the past few years: Pre-Owned Certified, Buying Online, Delivery right to your driveway?!?! How about a little reassurance for those people who do want to buy new? Well, if you are in the market for a new car, here are a few perks to your pristine new purchasing preference… Ahh, alliteration’s artful aid… don’t you feel better already? Ok back to buying a new car!View New Vehicles
- The big one, COST! Yeah sure, a new car costs more but, if you negotiate properly and buy the right car, over the long term it balances out. The value goes way past monetary consideration alone. If you don’t have a bunch of cash to put down, there are still some very attractive lease to own options. A used car seems more attractive because, point blank, you can get a very attractive vehicle for considerably less than buying new… which leads me to my next point.
- How many times have you heard “You can’t put a price on peace of mind”?The reliability factor. Yeah, yeah, all cars break down at some point, but you have to know when the constant cost of repair begins to out-value the worth of keeping your used vehicle for a few more years. Buying new just means that you are willing to pay a bit more for the certainty that you will get from point “a” to point “b” without having to call roadside assistance.
- It is not a hunk of junk. Buying a new car takes a lot of time and research. It is a sizable investment and it must suit all of your needs… check all the boxes. The plan is to have your new car for many years to come and you need to be comfortable. More modern convenience features like Bluetooth connectivity actually equate to added safety while driving. Add the innovative technological advancements of safety features like pre-collision detection and lane departure warning and you get wherever I am going with this. This is where you start to think “Do I really need the V6, panoramic sunroof or the premium audio package?” The answer is YES… YES you do! Most people spend a sizable portion of their day commuting to and from work, dropping the kids to school and extracurricular activities or just making the day to day runs to the grocery store. Your vehicle’s features must accommodate all of this (within your budget of course).
- The resale value. This is where that time spent researching pays off. For example; if you buy a vehicle for $23,000, drive it for six or seven years (with proper servicing and maintenance) and then sell it for between 50% to 40% of the original cost, you are ahead of the game. Sites like Kelley Blue Book can help you calculate the five, seven and ten year resale price of your potential new car buy. When you buy a used vehicle, expect the resale value to be next to nothing. Remember that you are selling to the “buyer beware” market.
- Insurance is a must and the insurance rates are lower for a new car owner compared to someone insuring a used vehicle. Even a minimal difference of $50-$60 per month can add up to real savings spread out over a few years.
- Here is a not so obvious new vs. old benefit... gas mileage. Gas prices are constantly up and down… more often up than down. Do you know that with the advancements in automotive engineering, you can buy a vehicle today with a V8 engine that is more fuel efficient than a V6 model from 6 years ago?
- Now last but not least… who doesn't love that New-Car Smell? Ok so this may not be as valid as the points above, but am I wrong?