Wondering whether you should buy a new car, settle on a used one, or simply keep maintaining your current vehicle?
Thanks to recent advances in car technology, changes within the insurance industry, and the high costs associated with maintaining a used car, buying a new car could be the best option for you and your family.
Here's 5 reasons why many savvy car shoppers choose to buy a new car:
1.) Everything Is Covered Under Warranty
If you're considering if you should buy a new car, remember that when you buy new, virtually every system and part on your vehicle is covered under warranty. You won't have to worry about paying out-of-pocket for repairs for a long, long time, since most warranties protect car buyers for either a specific period of time, or a particular amount of mileage on the vehicle.
2.) You Can Purchase An Extended Service Agreement
When you buy a new car, you'll have the option to purchase an extended warranty or service agreement directly from the dealership. If you tend to keep your cars for a long time, or you plan on putting a lot of miles on your car, an extended warranty on a new car can be a good investment.
3.) Favorable Insurance Rates
In the past, insurance companies offered lower rates to drivers of used vehicles because older cars were cheaper to repair, less likely to be targeted by thieves, and replacement costs were lower.
These days, insurance rates for brand new cars are often the same as, or even cheaper than, rates for used vehicles. Thanks to the multitude of safety features on new cars, vans and trucks that result in fewer injury and death claims to insurance companies. New cars also come equipped with advanced anti-theft systems that thwart would-be car thieves, while repair costs on new cars are often lower than the cost of fixing older, outdated models.
4.) Low Interest Loans
Automotive manufacturers are renowned for offering very attractive loan terms on new vehicles; these low-interest loans can often result in lower monthly payments than are available on comparable used vehicles. After all, car makers are in the business of selling new vehicles, and they're often willing to give consumers cut-rate financing in order to encourage consumers to buy a new car.
5.) You Get the Car You Really, Really Want
One of the biggest perks when you buy a new car is having complete control - you get to choose the exact car you want, with all the options you want. You won't have to settle or compromise on the color, engine size, upgrades, or style.
Always wanted heated seats? No problem. Looking for a vehicle that fits perfectly inside your garage? Tired of settling by driving someone else's second-hand car? With today's competitive financing rates and incentives, it's easier than ever to buy a new car, and enjoy driving your dream vehicle.
Of course, the list of reasons to buy a new car doesn't stop there. In most cases, new cars achieve better fuel economy than used ones, and with advances in alternative-fuel technologies, when you buy a new car, you now have the option to choose from gas, hybrid, or even electric-powered models.