To Buy New Or Used, That Is The Question

As a university student, youa��re faced with many tough decisions that can make aA�dent in your wallet. Some are as simple as deciding what to eat for dinner, whileA�others are more complex, like choosing to take out a student loan or rent anA�apartment. The goal, of course, is to find what works best for you and minimize theA�financial impact. Ita��s no different when youa��re considering whether to buy a new orA�used car. Everyonea��s situation is different a�� what works for one student may notA�work for another a�� but the goal remains the same. Herea��s a list of the advantages forA�both options to make your decision a little bit easier.

Advantages of Buying New

Made to Order

New car dealers can find you exactly what you want. This includes anything fromA�the interior and exterior colors to the latest navigation interfaces. It also means thatA�you can drive away in a car with a modern safety system.

Ita��s Not Used

You dona��t have to worry about previous accidents, weird smells, or any additionalA�wear and tear. A new car has a clean history that allows you to rest easy at night.

Warranty

The best warranty you can get comes from the manufacturer when you buy a newA�car. This means that any unexpected maintenance will be much less stressful for youA�and your bank account.

Advantages of Buying Used

Price

Compared to buying new, a used car is going to be less expensive. This can allow youA�to consider a nicer model or, at the very least, free up some cash for that studentA�loan or rent payment.

Depreciation

A car loses value with every kilometer ita��s driven, but the largest hit comes at theA�start. According to Autotrader, a new car loses between 20 and 30 percent of itsA�value the moment it rolls off the lot. Thus, you can get a lot more bang for your buckA�with a used car.
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Insurance Rates

Insurance rates are affected by the age of a car, and in this case, used vehicles tendA�to be less expensive.

Decision Time

There are many advantages to buying new or used, but ita��s not a decision that can beA�made with the flip of coin. Ita��s a good idea to do some pre-purchase research andA�find out what will work best for you and your finances. Car shopping can be anA�overwhelming experience, but when you consider things like warranty orA�depreciation, it can become much more straightforward.

At Student Automotive, we will complete a thorough inspection on anyA�usedA�vehicleA�that youa��re considering to buy.

Contact us for more information!

Call 780-807-3883 or

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