5 reasons to buy a new car

Posted by Nurul Islam on December 24th, 2018

5 Reasons To Buy a New Car

When purchasing a vehicle, there are an abundant number of considerations that the majority of potential car buyers assess. Car buyers generally examine whether the vehicle they purchase will be gasoline powered or electric, have an automatic or standard transmission, be utilized more for comfort or sport, be a domestic or foreign vehicle and many more factors. However, perhaps the most controversial and the ultimate deciding factor when buying is whether the vehicle will be new or used. Although there are arguments that support both new and used vehicles, there are certainly more reasons to consider buying newer vehicles rather than used models. Below are the top 5 reasons to buy new vehicles instead of used.

1 Reliability:

Perhaps the number one reason for buying new vehicle is the reliability factor. On average, a new vehicle will not make its first visit to a mechanic or repair shop until around 30,000 miles. Aside from routine maintenance including oil changes and tire rotations, a brand new car will not need to have any major repairs that can potentially cost you hundreds if not thousands of dollars. Opposingly, buying a used car generally carries some uncertainty of the vehicle’s history. A previous owner may have neglected the timing of oil changes, or even abused the vehicle. Newer vehicles give you as the sole owner the confidence and certainty that the vehicle has not been abused or neglected for maintenance since you will be the individual responsible for the routine maintenance and driving habits. Furthermore, cars are simply meant to last longer now. The average age of on-the-road vehicles in 2018 is just over 11 years old. Additionally, that number is expected to rise to almost 23 years by the year 2020. This is a tremendous confident booster in not only the evolution of the car industry, but their longevity.

2 Full warranty:

For those individuals who are still concerned and uncertain about a car’s reliability, even in a brand new vehicke, they can be assured that the vehicle will not cost them additional capital since all new vehicles come with a manufacturer’s warranty. Generally, all warranties last for up to the first three years of a car’s ownership, as well as the vehicle’s first 36,000 miles, although this number may be higher depending on the car’s manufacturer. Not only will the vehicle owner be protected against paying for certain faults during a specific duration of ownership, but also have a much lower chance of receiving high maintenance bills during the first few years of ownership. These bumper-to-bumper warranties typically cover just about everything in a vehicle, as some of these warranties can even last for longer than 3 years or 36,000 miles.

3 Better financing rates:

Financing a vehicle is when you pay for the cost of the vehicle on a monthly basis, with additional interest as an agreement to a loan. In 2017, a record-breaking 84% of individuals who purchased new vehicles utilized financing in the form of a loan or a lease. Financing new vehicles tremendously benefits the potential buyer since banks and lenders will almost always give you a much better financing or loan rate for a newer car rather than a used car. The idea behind this is that new cars are worth more money than used cars, and ultimately provide a better collateral for the loan. If an individual is financing a vehicle, and fails to meet the monthly payment amounts, the banks or lenders can take the vehicle back without incurring a big loss since the vehicle will still be worth a significant amount of money.

4 Enhanced user experience:

In this modern age, the majority of car owners heavily enjoy having the newest features and technologies in vehicles. Not only do they help in preventing accidents, these features also create a much more enhanced, and confident driving experience. Technologies such as blind spot warning, automatic remote starting, back-up cameras or sound-system make the driving experience much more enjoyable. Statistically l, some car owners have gotten so used to the accessibility and simplicity of these features, that they actually refuse to drive a vehicle that does not have these desired options incorporated. With older model vehicles, these technologies are simply not incorporated as a result of the timing of these technology advancements.

5 Freedom of choice:

Numerous individuals are very particular about the make, model, trim, color and features of their cars. This is largely contributed to the fact that car buying is a big investment, and car owners want to get what they desire if they’re going to be paying a significant amount of capital for the vehicle. If a dealership does not carry the specific model you are seeking, you have the ability to visit another dealership who will most likely carry that model, or have the model you want delivered or ordered to the dealership of your choice. This amenity is simply not accessible with used or pre/owner vehicles. Buying a used car generally means that you get whatever car is available, not the one you want. For an example, an individual seeking to purchase a used Chrysler 300 will be very limited to options, and may not end up purchasing a vehicle that they like in terms of color or features. They will most likely end up making the purchase because it’s what’s available. With newer cars, there are hundreds if not thousands of vehicles with different trims, features and capabilities, ultimately giving you as the buyer the power or freedom of choice.

Car buying is a big investment to the majority of individuals. Consequently, you should be aware of the other costs associated with car buying such as maintenance. With newer cars, you may be paying a little bit more money upfront during the transaction, but you may certainly save a lot of money as well during the time of ownership by having a new, reliable vehicle.