Should I Buy New or Used?

So you've decided it's time to buy your next car....that's great! Now the real decisions can begin! There are so many things to consider when it comes to purchasing your next vehicle, and questions to ask yourself before purchasing. One of those questions is, "Should I buy new or used?". That said, we here at Kernersville Chrysler Dodge Jeep and Ram are here to help. That said, let's go over the pros to buying new or used so that you can make the decision that's best for you! 

NEW:

 

 

 

This may come as a surprise to some. Especially if you've never purchased a car before. However, if you're looking to finance your next ride, new cars tend to have better financing options in comparison to used cars. "Why is that?" Well, there are several reasons such as flexible loan terms, credit worthiness, manufacturer incentives, lower risks, and more. They also retain better value in their first few years in comparison to used vehicles. This could be a great option for you if you are someone who likes to change vehicles every one to five years or are looking into leasing options. For more information click here, to learn more about the incentives we're offering this month.

 

 

Another great part to purchasing a vehicle new is that you don't have to worry about the vehicles history because their isn't any! When buying a new car, there is a certain confidence and worry free feeling that customers receive knowing that they do not have to think about think about if the vehicle have any miles, if it's been in an accident, or if it was poorly maintained by a previous owner. For a lot of customers, having a vehicle that they know they can depend with potential long-term savings make purchasing from our new inventory worth their while. 

 

 

Anytime someone buys a new car, especially if this isn't their first time, more often then not, they're looking to upgrade. That being said, an upgrade in the latest technology is defiantly a perk to being a new vehicle. Drive confidently knowing that purchasing new means that you'll have access to the latest advanced safety features such as a blind spot monitoring, adaptive cruise control, lane departure warnings and more. And if that isn't enough, there are also fun features to look forward to such as a heated and ventilated seats, remote start, navigation, a panoramic sunroof, massage seats, and many more luxury features, all at your finger tips. 

 

USED:

 

 

Let's be real here. Cost is definitely an important part of purchasing your next vehicle. Trust us, we get it! That being said, the price of used cars in comparison to new cars is significantly lower, and that's just the purchase price. This is especially true if your great at negotiation. With new cars, there isn't much room for negotiation as the manufacturer's suggested retail price (MSRP) is a fixed rate. But even after all of the hustle and bustle that goes on inside the dealership, there are still other costs that you'll need to consider when purchasing a vehicle such as your registration and insurance. Even so, these costs will also be lower then that of new cars and continues to be one of the most important parts about purchasing a new vehicle. Not convinved? Check out our used inventory so you can see the difference. 

 

 

The simple fact of buying a car is that the rate of which a used car depreciates is a lot slower then that of new cars. In fact, the rumor that a new car loses 20% to 30% of its value in it's first year is indeed true. In addition to this fact, as because used cars cost cheaper to start with. But that's not all. There are plenty of other factors that do into the depreciation of cars such as market demand and condition, but overall, if you're someone who is looking to save as much money as you can overtime, then a used car just might be the right choice for you.

 

 

Unlike new cars, people who purchase used, have access to certified pre-owned vehicles. "What is that?" you may ask. Certified Pre-Owned vehicles are used cars or trucks that have gone through a thorough inspection and refurbishment process in order to meet specific manufacturer standards. The reason this is important is because Certified Pre-Owned vehicles come with additional benefits that other cars don't have such as warranties or other dealer related benefits. We here at Kernersville Dodge have hundreds of vehicles that qualify as part of our CPO inventory. That being said, if you're looking at purchasing one, it's important to ask your salesperson what all comes with purchasing a certified pre-owned, as every vehicle is different.