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New vs Used Cars: Which is Best for You?

Buying a new-to-you car is a very exciting time. But how do you decide between buying a new car or a used car? That’s a decision drivers in Collingswood, Mount Laurel, and Cherry Hill can make only after they’ve done their research. To help you get started, we at Cherry Hill Nissan have put together this guide comparing new cars and used cars.

The Benefits of Buying a New Car

Buying a new car is beneficial for a number of reasons starting with the fact that it’s brand new. Brand new cars have not only never been used by anyone else, they’re also customizable. You get to pick every aspect and feature of the vehicle. If you want a black car, you can choose a black car. If you want a black car with an advanced audio system and heated seats, that’s entirely up to you. Your pick of features isn’t the only thing that comes with a new car. You’ll also get a full warranty courtesy of the manufacturer. This warranty will cover incidents you have with your vehicle for your first years of ownership depending on the make. These warranties could save you money that you’d have to pay out of pocket with a used car. Money can also be saved with new cars because of the many financing options that come with them. In general, banks tend to offer lower rates to those buying new cars.

The Benefits of Buying a Used Car

Buying a used car has its benefits, as well. First and foremost, used cars will take much less of a toll on your wallet. Used cars inherently cost less than new cars because, well, they’re used. However, recent-year used cars are used gently and kept in pristine condition. This gives you a great value for the amount of money you’re spending. On top of that, you have so many more cars to choose from. With new cars, they’re usually models that have come out in the last couple of years. With used cars, they can be from just about any year. This means you can even buy a model that’s no longer made by the manufacturer. This brings us to depreciation which doesn’t necessarily sound like a benefit, but it really is. When you buy a new car, you can lose up to 40% of the value of it just by driving it off the lot the day you sign the papers. With a used car, you don’t have to worry about losing so much of your investment in depreciation.

So, Which Is Best for You?

Welcome to the end of your guide to buying new cars versus used cars! Our team is happy to have provided you with a run-down of your choices for your next car purchase. Now that we’ve gone over the benefits of both, we hope you’re feeling more confident about which choice is best for you. No matter what you decide, we’re ready to help you move forward. Get in touch with us at Cherry Hill Nissan, just a short drive from Collingswood, Mount Laurel, and Cherry Hill, to get started today.