When it’s time to buy a car, you might begin the process by determining your preferred price, model, and features. Another difficult question to answer is whether you search through used cars or new ones. Manchester, NH-based Comet Auto Sales discusses three important factors you should take into consideration to help you choose.
3 Factors to Consider When Deciding Between New & Used Cars
Your new car loses thousands of dollars in value within the first few years, which means you’ll never get those funds back when you sell it. If you buy used, however, the original owner has already taken the financial hit of depreciation. This saves you a lot of money. Even if you sell your used car after a few years, you won’t lose much because the vehicle has already experienced its largest depreciation period.
A new car usually comes with free maintenance for a certain number of years or miles. You don’t need to worry about having to suddenly cover engine repairs or brake issues. On the other hand, used cars don’t come with that incentive. You don’t truly know the history, and regardless of the number of miles on it, you’re going to face maintenance costs soon. You must be prepared to pay and budget for repairs at the drop of a hat.
With a new car, you’ll be able to choose the color, model, and features that best fit your needs and personality. A new vehicle might be the better option if you need specific features and are planning to drive it for several years. Used cars are more affordable but might require you to be flexible. Depending on the inventory of the dealership, you may have to give up on a color or model to get a vehicle with better mileage or a better history. The decision will depend on what you’re willing to compromise on.
Are you interested in purchasing a used car? Give Comet Auto Sales a call at (603) 836-5775. Their unrivaled selection of used cars and favorable prices will ensure you won’t need to compromise on a pre-owned car or truck. They even offer vehicle search resources if you’re looking for a specific one. Visit them online to view their inventory and multiple financing options.