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Next Gen Econ > News > 23 Reasons to Buy a New Car Instead of a Used Car
News

23 Reasons to Buy a New Car Instead of a Used Car

NGEC By NGEC Last updated: May 25, 2024 12 Min Read
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THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION.

Are you at the point where you need to buy a car but are torn between the shiny new model and the potential savings of a used car? 

The decision is not an easy one, and while buying a used car may seem like an attractive option due to its lower cost, there are countless advantages to choosing a brand-new vehicle instead. 

Buying a car can be an exciting and daunting experience, and it’s easy to get overwhelmed by buying a new or used one. 

In this article, we will look at 24 reasons why buying a new car is a better choice than opting for a used one.

These 24 reasons will help you make an informed decision and give you the confidence to drive off in your new ride.

From peace of mind and warranty coverage to reliable tech and customization options, we’ve got you covered on all the perks of investing in a new set of wheels.

So, get ready to buckle up and find out why getting a new car might just be the wiser choice in the end!

#1. Reliability

Woman calling insurance assistance after car accident
Photo Credit: Shutterstock

If you have ever taken a trip across the country in a used car, you may have been concerned that you would have a breakdown in the middle of nowhere.

With a new car, you can have peace of mind knowing that it most likely won’t break down and leave you stranded on the side of the road.

#2. Fuel Efficiency

man-filling-gas-tankman-filling-gas-tank
Photo Credit: Shutterstock.

New cars are designed to be more fuel-efficient than used cars, especially if you happen to buy a used car that is ten years old or older.

The amount of money you can save on gas with a new car can add up over time.

#3. Lower Interest Rates

car extended warrantycar extended warranty
Photo Credit: Shutterstock

When it comes to financing a new car, you can usually get a lower interest rate than you can when getting finance for a used car.

Some banks will not finance older cars, and if they do, the interest rate is not as low as with a new car.

#4. Cool Technology

car-entertainmnet-consolecar-entertainmnet-console
Photo Credit: Shutterstock.

One of the best things about a new car is the awesome latest technology, from touchscreen displays to Bluetooth connectivity.

This can make your driving experience more enjoyable than driving an older car with outdated technology.

#5. Custom Made

Luxury sports car in a cityLuxury sports car in a city
Photo Credit: Shutterstock

If you buy a new car, you can choose the color and features that you want, from those luxurious leather seats to a sunroof.

With a used car, you have to settle for what is available on the market, but with a new car, you can customize it to your liking and make it truly yours.

#6. Warranty Coverage

warrantywarranty
Photo Credit: Shutterstock.

New cars come with manufacturer warranties that often cover repairs and maintenance for a certain period or mileage, saving you money on unexpected expenses.

This peace of mind that a warranty gives is priceless and can add value to your investment.

#7. Free Maintenance

Engine oil changeEngine oil change
Image Credit: Shutterstock.

Many dealerships offer free maintenance for a certain period or mileage on new cars they sell.

Oil changes and tire rotations may not seem like a big expense but can add up over time, so this perk is one to consider when choosing between a new or used car.

#8. The Smell

Modern car interiorModern car interior
Photo Credit: Shutterstock.

Let’s be honest; there’s nothing quite like the smell of a new car and, in turn, nothing like the smell of a used car with old french fries left under the seats for years.

That fresh, clean scent can make you feel like you’re driving a luxury vehicle, even if it’s just a basic model.

#9. No Accidents

car-accidentcar-accident
Photo Credit: Shutterstock.

When you buy a new car, you can know its history without worrying if it has been involved in any accidents.

While used cars may also come with a vehicle history report, there is no guarantee that the previous owner disclosed all accidents or damages.

#10. Safety Factors

car-safetycar-safety
Photo Credit: Shutterstock.

The latest safety technology in new cars is a huge factor to consider when deciding whether to buy new or used.

New cars have more advanced safety features, such as blind spot detection and lane departure warning systems, that may not be available in older models.

#11. Licensing is Easier

Couples getting advice from Financial AdvisorCouples getting advice from Financial Advisor
Image Credit: Shutterstock.

When you buy a new car, the dealership handles all the necessary paperwork and licensing for you, making the paperwork a breeze and saving you time waiting in line at the DMV.

On the other hand, when buying a used car from a private party, you may have to handle all the paperwork and licensing yourself, which can be confusing and time-consuming.

#12. Easy to Find

Car SalesCar Sales
Image Credit: Shutterstock.

If you are looking for a certain make or model of car or features that you really want, you may have to wait a while if you buy a used car.

However, with new cars, you can easily find the exact make and model with all the features you desire at your local dealership or by going online and using their search tool.

#13. Better Deals

man-holding-money-in-carman-holding-money-in-car
Photo Credit: Shutterstock.

One of the best perks of buying a new car is that you can often find great deals and discounts, especially when dealers are having a sale.

Whether it is a cashback, downpayment, or low-interest offer, you can’t find a used car with these incentives.

#14. Roadside Assistance

car-jackcar-jack
Photo Credit: Vaicheslav via Deposit Photos.

Roadside assistance is especially useful if you are traveling long distances or in remote areas where help may not be readily available.

Most manufacturers offer roadside assistance for a certain period after purchasing a new car, giving you peace of mind while on the road.

#15. Trade-In Value

man-holding-money-in-carman-holding-money-in-car
Photo Credit: Shutterstock.

When it comes time to trade in your car, a new vehicle will have a higher trade-in value compared to a used one, especially if you buy a very old car.

This means you will probably get more money towards your next car purchase if you decide to upgrade to another new car in a few years.

#16. No Lemons

Photo Credit: Wavebreakmedia via Deposit Photos.

If you have ever bought a used car that had hidden problems, you are aware of the term “lemon.”

A “lemon” is a car with serious mechanical issues that may require frequent repairs, and a new car doesn’t have any hidden issues.

#17. Easier Financing Options

Handshake of two businessmen when selling a carHandshake of two businessmen when selling a car
Handshake of two businessmen when selling a car

Lenders are usually more willing to offer loans for new cars because they know the vehicle will hold its value for a longer period.

Additionally, new cars may also come with special financing offers or incentives from dealerships, making your monthly payments more affordable.

#18. Lower Insurance Premiums

reviewing insurance policyreviewing insurance policy
Photo Credit: Shutterstock

Insurance companies often charge lower premiums for new cars because they are considered to be less of a risk than used cars.

This is because new cars come with the latest safety features and are in better overall condition, reducing the likelihood of accidents or breakdowns.

#19. No Wear and Tear

dirty-cardirty-car
Photo Credit: Shutterstock.

If you don’t like nicks and dings or worn and stained seats, avoid used cars and go for new ones.

With a new car, you won’t have to worry about previous owners’ wear and tear, and you can keep it in the best condition possible.

#20. New Can Be Cheaper

save moneysave money
Photo Credit Shutterstock.

In the last few years, used cars have become increasingly expensive due to high demand and limited supply.

In some cases, buying a new car can be cheaper than buying a used one.

This is especially true for popular models or those with high resale value.

#21. You are the First Driver

Man in carMan in car
Image Credit: Shutterstock.

There’s something special about being the first driver of a new car, and that is something that you may not experience often, so enjoy it!

You get to put those first miles on the car and create new memories with every mile driven.

#22. Can Go Electric or Hybrid

are hybrids worth itare hybrids worth it
Photo Credit: Deposit Photos.

Buying a new car allows you to choose between traditional gasoline engines, electric cars, and hybrids.

Plus, many new cars now come with government incentives or tax breaks for purchasing eco-friendly vehicles.

#23. Lower Emissions

car-exhaustcar-exhaust
Photo Credit: Shutterstock.

As new cars are required to meet stricter emissions standards, they usually have lower emissions compared to older models.

This not only benefits the environment but can also save you money on gas and taxes.

Gas Hacks For Free Gas

GasGas
Photo Credit: Shutterstock.

You’ve probably wished you could get free gasoline, but thought that was impossible. But the reality is, it isn’t impossible.

There are many free gas hacks you can use to save money on fuel ups. Here are 15 ways to lower the cost of gasoline, and in effect, get free gas.

15 FREE GAS HACKS YOU NEED TO TRY

Save Money on Car Insurance

envelope-moneyenvelope-money
Photo Credit: Shutterstock.

It’s very easy to save money on car insurance, thank to technology.

If you haven’t shopped around in the past year, you are likely paying more than you should.

Here are some simple hacks to slash your insurance bill.

BEST WAYS TO SAVE MONEY ON CAR INSURANCE

I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.

Visit my About Me page to learn more about me and why I am your trusted personal finance expert.

Read the full article here

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