New or Used- Which is better?
When choosing between a new or used car, it pays to consider everything that is involved. The most cited reason for buying a new car is that there is a very small risk. True, the new car will have a full factory warranty that you will have for some years, and there is something to be said about the peace of mind that a warranty brings. However, that peace of mind that you are getting in a new car will cost you a lot of money in the form of heavy depreciation in the first years of ownership. In fact, as soon as you drive off the lot your “new” car will become a used car, and it will lose 10% from the total you paid for it. And that is just after you drive off the lot! Your car will have depreciated nearly 20% after the first full year of ownership, or 1/5 of its value. Each year after that it will continue to lose, especially in the first 3 years.
Buying a Used Car with Confidence
In short, buying used is most always the better value proposition. Cars are built so well these days that a 2-3 year old car is still looking, driving and behaving as though it is new. Our cars all come with a free CarFax report to minimize your risk. But what about the warranty that is set to expire? Isn’t that the problem you ask? Well, that problem is easily overcome with buying a warranty from our dealership, we offer a wide range of warranties covering all of your automotive needs and many of our cars come with factory warranties.