New or Pre-Owned?

Ultimately, the decision to buy new or pre-owned comes down to affordability and need. What can I afford and what equipment is on the list of requirements for my next vehicle?

Pre-Owned There has never been a better time to consider purchasing a pre-owned vehicle rather than a new one. A record number of new cars, trucks and SUV’s have been sold in the past few years. This has produced the largest quantity and variety of pre-owned vehicles in recent memory, many with the latest safety features and options. That gives you a tremendous choice when considering replacement of your current vehicle.

New Vehicles come with special incentives and lease deals, so you’ll have to do your homework to see what best suits your needs and pocketbook.

Advantages of New

• Reduced maintenance: The maintenance requirements of a new vehicle are extremely low.
• Warranty coverage: You’re covered for mechanical repairs for the duration of the factory warranty.
• Latest safety and luxury features: Most new vehicles have the very latest in safety features such as Vehicle Skid Control/Stability Control and side and curtain airbag protection.
• Have it your way: Purchasing a new vehicle allows you the freedom and benefit of equipping a vehicle with the exact features and options you want.
• Special incentives and lease deals: Many manufacturers offer rebates, incentives and special financing or low cost lease deals which bring down the cost of ownership.

Pre-Owned Advantages

• Larger selection of vehicles to choose from: So many vehicles have been traded in, or have come off lease in the past few years that the selection of vehicles in almost every price range is enormous.
• Dependability: Late-model vehicles are more reliable than ever. Many late model pre-owned vehicles still carry some balance of the original factory warranty. Those that don’t, usually qualify for lower priced extended warranties, thereby reducing the cost of ownership.
• More car for less money: Since a pre-owned vehicle has already suffered the initial depreciation costs (which can be as high as 30% the first year), you’re able to purchase more car for less money.
• Certified Pre-Owned: This is a vehicle that is reconditioned to manufacturers’ rigorous guidelines. Cars that pass this certification process are among the highest quality pre-owned vehicles available and usually carry the added benefit of an extended manufacturer’s warranty. These cars are sold at a premium, but give the buyer greater peace of mind since they are qualified and warrantied by the manufacturer.