How is buying a new car better than buying a used car?

Question

I am doing a comparison paper for my college composition class, and I'm just wondering if anyone may have some good ideas as to why it is getter or worse to buy a new or used car?

Answer 1

a new car ias a NEW car. A used car is a used car.

Answer 2

Used cars are quite similar to the new cars. Moreover, some old models are even better than the newer models. So, you should try the used car. Try hertz car sales for used car shopping. They have bigger range of collections.

Answer 3

You know the exact maintenance record for a new car. (You'll never know how someone took care of the car if you get it used, it doesn't take long to destroy an engine these days. Driving a car for 15K-20K without ever changing the oil can cause excessive sludge build up)

Everything on a new car is automatically known to be OEM. (obviously). Used cars can be maintained or repaired with poor quality parts, (ie cheap replacement brake rotors, cheap tires, low quality brake pads)

Repair shops are very good and it is difficult to tell damage on vehicles, but if a vehicle has been in an accident, even if the car is not salvaged, may seriously compromise safety and may give mechanical problems in the future such as wheel alignment.

One of the most complex parts, the transmission, is also typically one of the least maintained. Transmission fluid should be changed annually. Most people find out that their transmission is shot because it hasn't been properly maintained by the prior owner, and dealer was able to sell the car and keep it moving just long enough to get it off the lot.

Certified pre-owned vehicles can cost as much as a new car. Sure they extend the warranty, but why pay almost the same cost for used.

You have a wider selection of vehicles with a new vehicle. If there is a particular make and model and color combination you want, it is typically easier to find new than used.

Answer 4

Generally speaking, buying a new car is NOT a good investment. As soon as you drive a new car off the lot the value of the car drops by at least $1,000.00 (usually more like $2,000.00 to $3,000.00).

One "good" thing about buying a new car is virtually every new car has at least a powertrain (engine and transmission) warranty, and many of them have a bumper-to-bumper (everything except the tires) warranty. Another "good" thing about buying a new car is the interest rates if you finance it. Sometimes you can get 0% financing for up to five years on a new car, whereas the financing for used cars starts around 8% APR and averages around 12% APR.

Used cars are a better investment because you can save multiple thousands of dollars on them, but they can have their drawbacks too. As already mentioned, the interest rates for financing are higher, plus the fact that dealers are under no obligation to offer a warranty on a used car (but many dealers do -- problem is the warranty on a used car is usually one year, whereas the shortest warranty on a new car is three years). The other drawback to a used car is that it's not protected by lemon laws. Those laws only apply to new vehicles.

Someone already mentioned buying dealer specials, and that is REALLY a great way to go. Here's how it works: Some executive who works for the car company gets a brand new car, drives it around for a year, has the company maintain it, and turns it in at the end of the year for a new car. The "old" car is then passed off to a dealer who sells it. You get the benefit of paying well less than sticker price, the benefit of knowing that the car was properly maintained for the first year of its life, and virtually all car makers who sell these cars include a warranty that's good until at least 36,000 miles. Great deal, huh?

Answer 5

With the new car you get a better warranty and better interest rates when financing. I remember 15 years ago, used cars were so much cheaper it more than made up for no warranty and double the interest rate. Any more, if you are looking for a reasonably new, mid-range car, the price difference is minimal. About six years ago, I was shopping for a used Cavalier no more than 3 years old and found it was cheaper to buy new - the 2 year old used car was $200 cheaper but the interest rate was more than triple (2% vs 7.9%). Since then I have been buying new. Luxury cars and higher-end SUVs are still a good deal if you buy used. I guess they just have more room to come down in price.

Answer 6

Buying a new car there is a better Chance that if something goes wrong that it will be paid for under warranty, or by the seller. Buying a used car there is more chance of having to fix anything out of your pocket. But as far as better, no, there is a chance either way that something may go wrong with the car. The other side to think about is the price of licensing, title and insurance. The new car generally costs more to do these things than an older used car.

Answer 7

The warranty's for new cars are better then offered for used cars. If there is a problem the dealer is more likely to provide a loaner car, if the new car breaks down apposed to a used car you will probably have to pay for a rental. You can usually get a lower interest rate with a new car loan, or you may be able to pay in full for a used car.
Consumer reports offer information on used cars such as dependability, etc. you can not get that on a new car. It is a real jugging act to find a good deal on either used or new. You really have to do your homework and know a good mechanic that you can trust.

Answer 8

Certified used cars are the biggest ripoff going right now. Sure, you get a "free" warranty and it's been "150pt inspected"... but guess what? You're paying for it. Certified usually costs thousands more than non-certified. The warranty is often worthless because it's for no more than 100K miles. Modern cars nowadays don't have major breakdown until around 120k-150k miles (excluding Hondas and Toyotas).

Oh and I love how they say in BOLD letters "Only certified cars come with 7 YEARS/100K MILES WARRANTY!!!!!" What most people don't understand is that it's from the original selling date. So if you by a 4 year old vehicle with 75K miles, your warranty is really only for 3 years/25K miles.

Plus, you can often buy a new car at the certified used car price or better. My brother bought a new 2003 Camry for $15.9k (MSRP $22k)..... then about two years later I saw certified used 2003 Camrys advertised at $15.9k!!!!!!!

Answer 9

Buying a new car gives you the flexability to get certain options, colors and a variety of choices where as buying a used will save you money but the choices are not as great and you have to settle for whats available instead of what you want. New cars have better financing rates because they are more to offset the payments,

When you buy new, you also get a full warranty and are the only owner so you know the history of the vehicle.

Answer 10

Certified pre-owned is the way to go, in my opinion. You get an extended warranty and you dont get any of that just drove off the lot depreciation. It's certified to be pretty much the same as buying a new one. That's how I bought my last car. I saved a bunch of money and my warranty actually runs out later than if I had bought the new one (only by two months).

Answer 11

depending on where you live, rain/sleet/snow/hail = RUST. Doesn't matter. Your car will rust. Rust is a very big factor in used car sales. Rust destroys the body and can weaken the frame. Rust only gets worst. New cars do not have rust. For your composition, new england or a place with lots of rain, used cars will have rust while florida, arizona, used cars will probably be rust-free. FYI, I would never buy a new car unless I am financially set. New cars immediately depreciate exponentially once they are driven off the lot.