Is it Better to Buy a New or Used Car?

Are you looking for a new San Jose ride? Do you find yourself asking the question, “Is it better to buy a new or used car?” It really depends on your needs, as both options have their pros and cons. Let’s take a closer look at whether to buy a new or used car with Santa Cruz Subaru today! For more information, feel free to contact us anytime!

Should I Buy a New or Used Car? What Are the Differences?

When it comes time to buy a new or used car, consider these pros and cons:

New Car Advantages

• Newest Technology: When you buy or lease a new car, you get the very latest technology. In the automotive industry, technology updates frequently; therefore, even technology that’s a couple years old can be seen as outdated.
• Greater Fuel Efficiency: Greater fuel efficiency is paramount in the automotive industry, therefore, getting the highest fuel-economy ratings is critical. This translates into money saved for you at the pump.
• Full Warranty Coverage: New vehicles are often covered by a bumper to bumper and powertrain warranty for a few years and a certain mileage.

New Car Disadvantages

• More Expensive: New cars are much more expensive than used and CPO vehicles, and you also have to account for fees and taxes as well. Furthermore, once the warranty expires, it will likely be extremely expensive to maintain your vehicle.

Used Car Advantages

• More Cost-Effective: Purchasing a used car is a great way to go if you don’t want to spend the money on a new car. You’ll save on almost every aspect of the process, including insurance and taxes.
• Slower Depreciation: As soon as you drive off the lot, the value of your new vehicle begins to depreciate. Used cars have already taken this hit, and will continue to depreciate slowly for years to come.
• Less Chance for Negative Equity: This is when you owe more on the vehicle than the value of the vehicle. Therefore, if a new vehicle is lost or damaged, you are still going to be stuck paying the rest of the loan.

Used Car Disadvantages

• Higher-Priced Financing: Oftentimes, lenders charge higher interest rates than new cars, however, the overall price of the vehicle will be less, therefore, the loan term will also be shorter.

Why Buy a New or Used Car with Santa Cruz Subaru?

There are a number of reasons to shop with the experts at Santa Cruz Subaru near Scotts Valley, the first being we have high-quality used vehicles for sale to meet your needs and budget. The experts at our experienced finance team will help you find the best deal possible on your new or used vehicle. Be sure to use our value your trade tool to find out how much you’ll receive on your trade-in. You can then put this value towards your next car!

Find Your Next Vehicle With Santa Cruz Subaru Today!

Still asking yourself, “Should I buy a new or used car?” Then come stop by Santa Cruz Subaru so we can help you make the right decision. While you’re here, check out our new and used vehicle inventory, and meet with our finance center to start the buying process. Be sure to use our new specials and used vehicle specials to save big near Santa Cruz and Capitola today!