Blog - DeBoer's Sussex County New Jersey Expert Auto Service and Repair Blog

New Car Versus Pre-Owned Vehicle: Which Is a Better Investment?

Written by Bill DeBoer | Aug 2, 2015 8:00:00 AM

The debate between buying a new car versus a pre-owned car has been ongoing for many years. There are a wide variety of factors to consider when buying a newer car or deciding to purchase a used car. Before you head to the dealership, it’s necessary to understand the important questions to ask the dealership before you buy a used car and whether it’s a better investment.

 

Less Depreciation

Most people are aware of the simple fact driving a new car off the lot results in significant depreciation of the vehicle. If you try to trade in the same car just a year or two later, you will find you won’t get nearly as much as you would expect. Used cars in Sussex County, NJ, won’t lose the same value, which means it will maintain its trade value for much longer. This means you will get a better value for the money you spend, increasing the chances you will get a fair amount back when you choose to trade it in, whether you do so in a couple of years or a longer amount of time.

A Lower Price Tag

There are many purchase price strategies for new and used cars. However, in general terms, dealers are more likely to budge on the price of a used car rather than a new one. There are many factors that go into the cost of a new car versus a used one. New cars often offer a number of features you don’t really need and come with a high price tag largely dictated by the manufacturer. Dealers typically have more room for negotiation on the price of their used models. If you can identify minor issues the dealer may not have noticed, you may be able to negotiate a lower price for the vehicle, helping you save money, even if the vehicle is still relatively new.

A Newer Used Car Can Still Have a Warranty

One of the most important questions to ask the dealership before you buy a used car is whether it is still under warranty. If the vehicle you are considering is only a couple of years old, it may still be under the manufacturer’s warranty, which can help you save on repairs. Some people avoid buying used cars because they fear the high repair costs. However, when these used cars in Sussex County, NJ, come with a warranty with several years left on it, you will be able to get certain repairs done without having to pay for it.

As you consider whether it’s worth buying a new car versus a pre-owned vehicle, there are many factors. Because a car purchase can be expensive, you need to know you’re getting the best value from your purchase. In many ways, the cost of buying used cars in Sussex County, NJ, will help you keep your costs down so you can enjoy a great car within your budget. Buying a newer used car can give you all the advantages of a new car at a much lower price.

If you’re interested in buying a newer used car, contact us. We carry a large inventory of quality used cars in Sussex County, NJ.