If you are reading this article, you must be debating whether to buy a new or a used vehicle. Indeed whichever option you go for requires an investment on your part. That is why you should take the time to understand the pros and cons of each option.
As of May 2022, the market projections for new car sales were not very positive. Industry players forecast a 20.9% decrease compared to a similar time last year. Tight inventory and supply chain disruption have resulted in vehicle shortages. Yet, demand remains high, meaning many people see new cars as a worthwhile investment.
So what are some of the reasons that should make you buy a new car?
New Cars are Reliable
Let’s start with one of the most obvious advantages of new vehicles. And that is the fact that they are reliable.
Are we saying that you cannot get a reliable used car? The answer is no. Indeed there are some fantastic second hand vehicles, depending on where you buy them.
But with a new car, you are getting a vehicle straight from the production line. No one has had a chance to interfere with it in any way. You don’t have to deal with a previous owner’s mismanagement or unsafe driving practices.
Range of Choices
Let’s say your first choice is a Honda. But the challenge is you are not quite sure which model. All you need to do is walk into a Honda dealership in Tampa. You will get a whole range of the latest choices. And, even if the model you want is not on the shop floor, don’t worry. The local Honda dealership will place the order for you; they can even order from the other dealerships within Florida to lessen the hassle.
Further, you have leeway with customizations. That means you can choose your preferred color, add-ons and much more.
The range of choices is not an advantage you will get with used cars. Such limits you to what is available at that particular time.
Cost is one factor that prohibits many people from buying new cars. You can expect to spend much more than you would if you’re buying a used vehicle.
But, the best dealerships can avail financing facilities for customers. They partner with lending institutions to make loans easily accessible to car buyers. The same applies to other financial institutions like banks or credit unions.
Please note that the lenders will be willing to give you money because the new car becomes the collateral. It doesn’t mean that you can’t get financing facilities for second hand vehicles. But the value of a used car cannot equal that of a new one. The lenders will consider this when determining auto loan amounts.
Another major point in favor of new cars is the warranty. For some time, you are not liable for any part failures. Of course, read the terms and policies because a warranty may sometimes not apply. The vehicle manufacturers will give coverage for several years or mileage.
Other than warranty, reputable dealerships will also offer after-sales service during the warranty period. It will relieve you of the pressure of finding a good mechanic to take care of your new car.
Reliable Vehicle History
With a used car, there could be issues with determining the exact vehicle history. Not all sellers will be open about accidents, mileage, or servicing. You could buy the car only to discover later that it has many issues.
You don’t have to worry about that with a new car. Since you are the first owner, all the other information comes from the production line.
Buying the latest models straight from the production line gives you access to the newest car technologies. The auto industry is highly competitive. Every player works hard to outdo the others. And that includes incorporating some of the best innovations available.
Modern cars have Wi-Fi connectivity, voice recognition, and touchscreens. But it’s not only about entertainment. Some features such as park assist, anti-lock brakes, and electronic stability control make the cars safer.
Check out the Honda dealership in Brandon for some amazing innovations in the latest models. Honda is gaining a market reputation with some of its safety features.
The new model cars come with automatic emergency braking, stability assist and collision warning. Others are electronic brake distribution, brake assist and tire pressure monitoring systems.
You get all these features without having to dig deeper into your pocket.
Better Fuel Efficiency
Car manufacturers are also paying attention to fuel efficiency. You cannot compare what you would spend on the new model with some of the older ones.
If you know you will use the car a lot; then fuel efficiency should be a critical consideration. Running costs factor into the total cost of owning a car. If you have to spend so much on fuel and maintenance, it will become very expensive for you in the long run.
There is also the other option of electric cars. All you need is a charging port, and you are good to go. With a greater focus on sustainability, this may be the new trend on our roads.
Access to Incentives
Depending on the vehicle type, you can get some fantastic incentives. Alternative fuel cars, plug-in hybrids and electric vehicles can attract tax credits. Think of it much like a cash back which significantly lowers the cost of the car.
Car manufacturers can also give some fantastic discounts to customers. They may, for example, price the previous year’s model at a significantly lower cost. The demand for the vehicles may be less as more customers look for the newest models. Yet, the manufacturers will still want to sell the remaining stock.
Choose the right dealership to buy your car from. They can negotiate some pretty good deals on your behalf.
From the above, it is clear that buying a new car has so many advantages. There is a particular pride in knowing that you are the car’s first owner.
You don’t have to worry about how the previous owner maintained it, because there is none. The vehicle comes straight from the production line, meaning you get everything in prime condition.
Take time to find a reputable dealership. You can get fantastic discounts, financing facilities, after-sales service and more.