Open Today! Sales: 9am-7pm
Open Today! Service: 7am-6pm

Is it Better to Buy a New or Used Car?

Car dealer giving car key to buyer


The answer to the question of whether a new vs. used car will better meet your needs honestly depends on what those needs are. There are genuine advantages and disadvantages to both options, and depending on one’s circumstances and lifestyle both the advantages or disadvantages could be magnified for either option. So, for you, is it better to buy a new or used car? Let’s find out below! If you have any questions, contact us

New vs. Used Cars: Compare Advantages & Disadvantages

New Car Advantages

  • Newest Technology: If you’re looking for the very latest technology and greatest features, there are few options available on the used market. Automotive technology is going through a renaissance at the moment, and things are changing quickly in many areas.
  • Greater Fuel-Efficiency: The latest technology means the best fuel efficiency. While newer used cars can also get quite close to this, modern hybrids are especially good at using tiny amounts of fuel to take care of daily errands.
  • Full Warranty Coverage: The main reason many Nickerson and Buhler drivers buy new is peace of mind, thanks to common full warranty coverage of new vehicles. 

New Car Disadvantages

  • More Expensive: the primary disadvantage of any new vehicle is sizably increased cost when it comes to the purchase, and the insurance. Other costs like registration can also be higher. 

Used Car Advantages

  • More Cost-Effective: Used vehicles are much less expensive than new ones, largely for supply and demand reasons, and not because of diminished quality. When a new vehicle leaves the lot for the first time, depreciation is intense, which lowers the price of the vehicle quickly. 
  • Slower Depreciation: More of a used vehicle’s value is kept over time. Depending on when a vehicle is in its depreciation curve when you buy it, it is possible to actually gain value on certain desirable or classic cars. 
  • Less Chance for Negative Equity: Because the vehicle is cheaper, there is far less change you’ll owe more on the vehicle than it’s worth.

Used Car Disadvantages

  • Higher-Priced Financing: The only financial disadvantage to a reliable used car, like one from our inventory near Newton, is that the interest rate tend to be higher, so lenders can still make money on the much smaller and shorter loans.

Visit Allen Samuels Chrysler Dodge Jeep Ram Today! 

At Allen Samuels Chrysler Dodge Jeep Ram, we’re about offering you all the options you need to get the right vehicle for you, new or used. Our online financing application and car buying tips make it even easier for you to get the vehicle you want and quickly. Stop by Allen Samuels Chrysler Dodge Jeep Ram today!

More from Allen Samuels Chrysler Dodge Jeep Ram

  • 2023 Dodge Charger Colors

      Ready to command attention on the roads of Nickerson? The new Dodge Charger will ensure that you get noticed for all the right reasons. After all, there’s a vast array of 2023 Charger colors to choose from, and there is truly something for everyone.    View New Charger InventoryManufacturer Information   Bold hues stand…

  • 2023 Dodge Charger 0-60

      Shopping around Nickerson for a lightning-fast, brand-new Dodge? You’ll find that the 2023 Dodge Charger 0-60 MPH times are guaranteed to add an adrenaline boost to your daily commute. Not sure how fast the 2023 Dodge Charger is? We here at Allen Samuels Chrysler Dodge Jeep Ram have broken down the 2023 Dodge Charger SRT® Hellcat 0-60 time, the…

  • 2023 RAM 1500 Interior

      The legendary RAM 1500 pickup is the height of versatility, delivering all the power and half-ton strength you need for your light-duty work, yet it’s comfortable and agile enough for your Nickerson commute. In fact, the 2023 RAM 1500 interior is designed with ultra-comfort, convenience, and safety in mind, packed with features that have…

Allen Samuels Chrysler Dodge Jeep Ram 38.0856845, -97.9022308.
Allen Samuels Dodge Chrysler Jeep Ram, New Car Dealers, Hutchinson, KS