Should I Buy a New or Used Car?

If you need to upgrade your Forsyth ride, you might wonder, “Should I buy a new or used car?” Whether it’s better to buy a new vs. used car depends on your needs and financial situation. Below, the team at Volume Chevrolet compares new vs. used cars so you can decide which option is best for your Griffin lifestyle, and feel free to contact us with any questions. 

Is it Better to Buy a New or Used Car?

Here we cover the pros and cons of new vs. used cars. 

New Car Advantages

• Newest Technology: Buying or leasing a new car gives you access to the latest features and technology from whatever brand you choose. 
• Greater Fuel-Efficiency: The more recent the model year, the better the MPG ratings. Today’s models feature fewer V6 and V8 engines and more turbocharged motors that offer greater fuel economy. 
• Full Warranty Coverage: New vehicles come protected by bumper-to-bumper and powertrain warranties for a certain amount of years and miles. That gives you more peace of mind on your McDonough drives.

New Car Disadvantages

• Cost more: There’s no way around it. New cars cost more to purchase than used and certified pre-owned vehicles.

Used Car Advantages

• More Cost-Effective: Buying a used car or certified pre-owned vehicle is easier on your Forsyth budget.
• Slower Depreciation: The value of any new car starts to diminish the moment you drive away from the dealership. Used cars have already realized the initial depreciation hit and lose their value much more slowly as they age. 
• Less Chance for Negative Equity: Negative equity, or “being upside down on your car,” is when you owe more than your car is worth. So, if your vehicle is lost or totaled, you could get stuck paying back the auto loan even though you can’t drive it. When you finance a used car, it’s less likely that you’ll get “upside down” on your loan. 

Used Car Disadvantages

• Higher-Priced Financing: Most auto lenders charge higher interest rates on used car loans, which leads to higher payments. 

Why Shop For Your Next Car at Volume Chevrolet?

There are many reasons you should shop for your next new or used car at Volume Chevrolet!

• A wide selection of new and pre-owned vehicles
• Friendly sales team
• No hassle financing
• The ability to apply for financing online
• Available extended warranties
• Our service center uses only OEM car parts
• Free coffee and Wi-Fi
• And many more!

Find Your Next Vehicle at Volume Chevrolet Today! 

Now we’ve answered your question, “Is it better to buy a new car or used car?” We invite you to Volume Chevrolet to do your own new vs. used car comparison. While you’re here, please browse our new car specials and ask about your financing options. Don’t hesitate to contact us with any questions or to get started today!