Should I Buy New or Used Cars?

September 8th, 2021 by

A dealership employee handing new car keys to a customer

Should I Buy New or Used Cars?

Car Shopping Made Easy

Today’s car buyers have a big choice ahead of them. Should you buy new or used cars? You want to get a good deal, but also don’t want to end up with a vehicle that breaks down. That’s why it’s important to consider your options carefully. At Spitzer Acura, we can help you save money whichever path you choose to take. Stop by to check out the inventory in McMurray, PA.

Pros/Cons of Buying a New Car

With a brand new car, you ensure you get the latest technologies, not just within the cabin, but also with the powertrain. Today’s engines have been created to be more fuel-efficient, making it easy to save money at the gas pump. If you plan to keep your vehicle for many years, you will also appreciate how long the new model can stay on the road. Additionally, the auto loans tend to come with lower rates when the vehicle is new. Your credit score might even qualify for a 0% financing loan. Finally, the new vehicle comes with a warranty, ensuring you pay nothing out of pocket for covered repairs during the first few years.

On the other hand, as you look at new or used cars, you will see some downsides to the newer models. The value is going to depreciate at a faster rate than with the used model. Additionally, your car insurance premiums are going to be higher because the car is worth more. Still, with a new vehicle, you have several personal finance options available to you. Not only can you take out a car loan with low interest rates, but you also have the option to lease the vehicle.

Pros/Cons of Buying a Used Car

In the new or used cars comparison, you can find just as many pros of buying used cars. For starters, the cars’ prices are much lower than the comparable new models. Because the car depreciates quickly, you can find some late-model vehicles with all the bells and whistles for much less than one that’s brand-new. Some of the Certified Pre-Owned vehicles will also come with warranty protection for more peace of mind. Plus, when you buy a used vehicle, you don’t have to worry about depreciation and your insurance premiums are lower. You can also ensure the vehicle is reliable by checking reports from other previous owners on Consumer Reports or Kelley Blue Book.

However, driving a used car does come with some disadvantages. For starters, your auto loan rates are going to be higher, even if you go through your credit union. You will also need to budget for repairs that might crop up, especially if you have no warranty coverage. With that in mind, either option allows you to upgrade at any time. When you are ready to get behind the wheel of a new model, we will help you with selling your car.

Drive Away Today

Once you decide whether new or used cars are right for you, it’s time to check out the inventory at Spitzer Acura. Not only do we have an extensive inventory, but we also offer competitive rates for all of your financing needs. You can save money, no matter which option you choose with the help of the experts in our Finance Center. Schedule your test drive today in McMurray, PA.