While most consumers would prefer to drive a new car, many people assume that a pre-owned vehicle is a more pragmatic choice. In this post, we’ll look at a number of reasons why buying or leasing a new car can be a great option.

7. New cars are less likely to require costly repairs

Slightly older cars will be more likely to require a larger investment in maintenance such as new tires and brake pad or belt replacement.

6. New cars are often more fuel efficient

The average fuel economy for passenger cars tends to rise each year. With long California commutes, this can add up to hundreds of dollars in savings each year.

5. New cars typically offer more comprehensive warranties

Even though Certified Pre-Owned vehicles come with a factory warranty, it is not the same as the “bumper-to-bumper” warranty offered with a new car.

4. New cars offer more up-to-date safety and technology features

Each new model year brings new safety features like blind-spot monitoring and convenience features like Apple CarPlay and Android Auto. New cars come with significantly more technology options than older versions.

3. New cars come with manufacturer incentives

The special rebates and incentives offered on new cars can reduce their cost considerably. In addition to rebates, manufacturers will often offer low financing rates on new cars only that can significantly reduce the total amount paid over the term of the loan.

2. New car leases can offer lower payments

Leasing can be a fantastic way to decrease monthly payments on a new car and/or decrease the total cost of car ownership—especially if you like driving a newer model. Leasing also offers a significant saving on sales tax which is only applied to the amount of the lease rather than to the entire cost of the vehicle.

1. New cars will be worth more when it’s time to sell

Perhaps the most overlooked source of value in comparing new and used cars is what the car will be worth when you’re ready to sell it. A six-year-old car with 60,000 miles will be worth thousands less than a similarly equipped three-year-old car with 30,000 miles. If you’re intending to keep your car for five years or less, trade-in value should be an important part of your decision.

Need more personal guidance? The car-buying experts at Cartelligent can walk you through your financial options and help you make an educated decision. Your initial consultation is always free and there is never any obligation to use our services. For more information, give us a call at 888-427-4270 or get started today.