When Buying a New Car is Better than Buying Used
Are there times when it actually might be better to buy a new car? Depending on your situation and your needs, there may be times when you might want to consider buying new. Especially if you value peace of mind above all.
There is definitely less risk in buying a new car, but you have to pay for it. For the first few thousand miles, you won’t have to worry about maintenance. New vehicles are also covered by a manufacturer’s warranty, which is good for at least three years. Many cover vehicles for much longer.
With a warranty, if you do have a problem with the car, the manufacturer has to fix it at no cost to you. Usually the warranties last for three years or 36,000 miles, whichever comes first. Some warranties cover the entire vehicle for five years or 60,000 miles, whichever comes first.
There are now also what are called lemon laws, which apply to new vehicles with chronic maintenance problems. Under these laws, you could get another car or your money back. These laws do not apply to used cars.
Another thing you get with new cars is free roadside assistance, which usually lasts as long as the warranty.
But, again, this peace of mind comes at a cost. There are relatively few new car makes that you can get for under $15,000. Plus, the new car loses a large amount of its value as soon as you drive it off the lot.
Go Used if You Are Looking for Value
If you are like most people, and value for your money is the most important concern, a used car is the way to go.
The value you receive by buying a used car today is better than ever. Many higher-end used cars that would put a huge dent in your bank account if you bought them new are much more affordable if bought used. And these cars, because they are so well built, often can stay on the road for 200,000 miles or more if maintained regularly.
If you’re worried about “inheriting someone else’s problem: you can go online to sites such as Carfax.com and AutoCheck.com to find information about a vehicle’s history, so you can avoid some obvious red flags such as a car that’s in an accident or flood, was stolen, has had multiple owners, and so on.
Many used car dealerships, including the PAACO Automotive Group, often provide some type of limited warranties on the cars they sell, thus protecting you when you purchase a used car.
Come check out the used cars we have at our many Dallas-area locations. If you’d like more information on our warranties, call us at 877-810-4555 to learn more.