Are you in the market to purchase a new car in 2021? One of the first things you’ll want to decide is whether a new or used vehicle is right for you. There’s really isn’t a right or wrong answer when making this choice, so let’s go through the pros and cons of each!
Why Buy A New Car?
It may go without saying, but purchasing a new car may be a more considerable investment than the used route. Of course, nothing beats that new car smell! If luxury and prestige is your goal when purchasing a new car, those added dollars will be well spent. Shopping new tends to be much easier because you can eliminate prior use, maintenance and accidents from the equation altogether. You’re getting a blank slate!
Even though the cost of new cars is typically higher, you’re much more likely to be able to drive the price down with better interest rates, rebates and other incentives. Pairing these advantages with a new car stocked with the latest features and technology makes a very compelling package!
Why Buy A Used Car?
From an auto insurance standpoint, purchasing a used car is usually the most advantageous option. Simply put, when the value of a vehicle is less, it costs less to insure it. Your registration renewal will also likely be cheaper than it would be if you took a new car off the lot. Finally, a silver lining of choosing a used car is the fact that it will likely already be imperfect from day one. Get a new door ding? That’s no fun, but it’s a lot less stress-inducing than having the same thing happen to your brand-new car.
People often knock the reliability and assumed increased maintenance needs of used cars, but this factor is less important than it used to be. Most modern vehicles can reach 100,000 miles before any major service is needed. As long as you make sure you’re keeping up with regular maintenance like oil changes, tire rotation and brake adjustments, your used car should meet your needs for many miles to come!
Choose Auto Insurance Coverage that Works for You at Freedom Insurance
We offer comprehensive, customized coverage from numerous major insurance carriers and make it easier than ever to find affordable policies that are exactly what you need. We have been serving clients throughout the greater Howard County and Carroll County areas since 1979, and we look forward to helping you and your family thrive. Get in touch today by calling (410) 795-2000 or requesting a free quote.