Do You Know What’s Better? Buying New Vs Used
Do You Know What's Better? Buying New vs Used
Pros, Cons and Never Minds of Car and Truck Buying
It is wisdom passed from father to son that is often based on stereotypes, urban legend, and advice given to the father by his father a generation ago. It ranges from "never buy new" to "never buy someone else's problem." We are talking about the pros and cons of new and used car buying. As a leading Kia dealer in the Jacksonville area, Kia of Orange Park has heard every theory.
We know that people can become passionate about this issue and that is why we always have large inventories of new Kia rides and quality used cars for sale. Take a moment now and browse our online inventory or drop by the dealership. We would love to see you.
Rethink What Your Daddy Told You About Buying New vs Old
The automotive industry has undergone a transformational change in performance, safety, reliability and fuel efficiency over the past two decades. Factors driving the change include government regulations, new manufacturing processes, new manufacturing materials, and of course computerization. A 2014 Kia Forte EX has more computer power than any of the Apollo moon shots. In short, when it comes to performance and reliability, the difference between new and used is not nearly as distant as it was in the 20th century.
On the other side, new cars are overpriced and the only investment you will make that is guaranteed to depreciate also needs reevaluation. New cars do cost more but it is important to consider more than just monthly payment in determining the cost of ownership. When you factor in maintenance, fuel cost, and trade-in value versus a used car, the difference is not so astronomical.
Pros and Cons of a Shiny New Car
Many consider a new car "perfect" because it's brand new. What could go wrong? New car buyers will enjoy:
- Their choice of the exact vehicle they want equipped exactly as they want. Used cars are a hit or miss proposition.
- The peace of mind that a solid warranty brings. Knowing that any major maintenance or repair issues will be handled by the dealer brings a certain financial peace.
- Access to the latest technology and safety systems. We live in a connected world and a new vehicle typically supports all your devices and provides a multitude of vehicle info via its touchscreen. Radar, infrared, and video sensors bring a whole new dimension to vehicle safety.
On the downside:
That thunk you hear when you pull off the lot is 20% to 25% of the new car's value dropping off as depreciation. You won't notice it until it is time to get another ride and you discover that the car you have been making payments on for 36 to 60 months is now only worth 70% or less of what you paid for it.
The Good, Bad, and Ugly of Used Cars
The biggest benefit of a used car for sale is its lower cost to purchase. Toss in a slower depreciation rate than a new ride and lower insurance costs and you can see how it is less of a stretch financially to get into a used car. And if you are patient and careful, you can come close to what your dream ride is for a price that fits your budget.
Maintenance and repair are always a concern with used cars. At Kia of Orange Park we offer a Lifetime Warranty on select used Kias and other brands. All you have to do is keep up with regular maintenance and your major repair worries are a thing of the past.
The key to getting a smart used car deal is starting out knowing what you must have and then having the patience for it to show up on the market. Kia of Orange Park is part of the Morgan Auto Group and has access to resources that can potentially speed up that search. Just let us know what you are looking for.
Flip a Coin – Or Call the Pros for Help
If you are looking for a car dealership in Jacksonville that is focused on getting you what you want and keeping you happy after the sale, you need to visit us at Kia of Orange Park. We have great new and used inventories to choose from, have financing that fits every situation, and have a service department that is second to none. Come visit us soon, see the rides we have, and then take a test drive. Let's get you in the new or used car that you have been looking for.