Is it Better to Buy a New or Used Car in Hearne, TX?

If you want to upgrade your vehicle, you may be curious: Is it better to buy a new or used car? Whether you choose a new or used vehicle, one isn’t necessarily better than the other, but there is likely a good fit for you. That will likely be determined by what you want from your ownership experience. For pre-owned cars, it could depend on if you know what to look for the ideal new-to-you model. Below, we compare new vs. used cars in hopes of helping College Station drivers determine which works better for them. Keep reading to learn about the advantages and disadvantages! 

New vs. Used Cars: The Differences

Pros of Buying a New Car

• Newest Technology: You have access to the most up to date technology from whatever brand you choose. Even vehicles that are just a few years out of date can be far behind in terms of technology. 
• Greater Fuel-Efficiency: Most automaker’s in today’s market want to make the most fuel efficient vehicle. There are fewer and fewer V6 and V8 engines, more often being replaced by turbocharged motors that are designed for greater fuel economy. 
• Full Warranty Coverage: You’ll likely have a vehicle equipped with a bumper-to-bumper and/or powertrain warranties that cover most of the car’s components for a certain amount of years and miles. 

Cons of Buying a New Car

• More Expensive: Unfortunately, new cars, especially in the current market, are much more expensive to purchase than used or certified pre-owned vehicles. You can also expect to be taxed on the price you pay. Also, once the vehicle’s warranty coverage expires, the newest technology can be difficult to repair and maintain. 

Pros of Buying a Used Car

• More Cost-Effective: This is a great way to save money; by purchasing from the dealer, buying auto insurance, and paying taxes this method can save you money. 
• Slower Depreciation: The moment you leave the dealership, the value of a new car begins to diminish. Within the first few years of a vehicle’s lifetime, they lose most of their value. Used cars have already had the initial depreciation hit, and so lose value much more slowly. 
• Less Chance for Negative Equity: Negative equity is when you owe more on your car loan than what the car’s worth. If the car is lost or irreparably damaged, you’ll likely get stuck paying on the auto loan, even though you can’t drive the car. Financing a used car means you will likely have a smaller car loan, so it’s less likely that you’ll end up “upside down” on the loan. 

Cons of Buying a Used Car

• Higher-Priced Financing: You may have higher monthly payments because lenders tend to charge higher interest rates on used car loans. However, the price of the vehicle will be lower, so the loan term will be shorter. 

The Benefits of Shopping with Allen Samuels Chevrolet GMC

At Allen Samuels Chevrolet GMC outside of Franklin,we have a wide selection of new Chevrolet, GMC vehicles, and high-quality used cars. No matter which type of vehicle you are looking for, our sales team can find you the ideal match for your budget and lifestyle. Whether you’re looking to buy or lease a brand-new car, or secure a used-car loan with a shorter loan term, our finance team has your back. You can apply for financing online or use our payment calculator to estimate your monthly payments. 

Get Your Next Vehicle at Allen Samuels Chevrolet GMC Today! 

Visit us in Hearne for a vehicle that meets your needs. We are happy to introduce you to our new Chevrolet, GMC inventory and our used car selection. Also, feel free to contact us or call us at (979) 227-2003 if you have any questions.