Choosing between a used and new car can be a tough decision, as both have their benefits and drawbacks. Should you invest the money in a new vehicle with all the features you want, or is it better to pick something pre-owned with a lower price tag? To help you make the most informed choice, Crescent Ford in High Point, NC, offers a simple guide.

The Pros & Cons of New Cars vs. Used Vehicles

New Cars

When it comes to purchasing a new car, one factor many drivers find appealing is the ability to customize it to suit their tastes. Many new vehicles will also come backed by an extensive warranty to protect your investment in case of a defect. Such warranties often allow vehicle owners to have their cars serviced at their local dealership at a discount for a certain period of time as well. New cars also come equipped with the latest safety technology, making them a good choice for growing families. 

One of the downsides to purchasing a new vehicle is the price tag, which can be much higher than that of a used car; you’ll also have a higher insurance premium to pay. New cars may come equipped with items or features that may seem unnecessary, and they also depreciate at a much quicker rate than used vehicles, which can greatly affect your investment if you’re thinking about selling it down the road.

Used Cars

When it comes to used cars, you won’t have to pay any extra fees for special add-ons or components you’d rather do without. This makes used vehicles more appealing for those interested in a quality car that’s proven its reliability. Another reason buying a used vehicle may be preferable is they cost much less: Both the price tag and insurance premiums for a used car will be much cheaper than those of a new one. 

One of the disadvantages of buying used is unless the car is purchased from a dealership or reliable company, it likely won’t come equipped with an extensive warranty; it also costs you more on a monthly basis to finance a used car. When buying used, you also won’t have all of the customization options available. You’ll simply have to take the car as-is. 

There are a lot of factors to consider when deciding between new or used cars, so if you’ve still got questions, the experts from Crescent Ford are always happy to help. Call them today at (336) 869-2181 to learn more about their inventory of vehicles, or follow them on Twitter for additional tips and updates.