One of the first questions you should ask yourself when starting the car buying process is whether you want to buy a new or used vehicle. There are advantages to each option, so it ultimately comes down to what works best for you.
Advantages of Buying Used
Cost: The most apparent advantage of buying a used car is that it will be less expensive. Buying used can sometimes enable the buyer to purchase a higher-end model.
Insurance Rates: Car insurance rates are impacted by the car's age, so an older car tends to make your rate less expensive. You can do some research ahead of time to try to get an estimate for what your rate will be.
Less Depreciation: Cars lose their value as time passes and miles increase; however, the sharpest decline happens the second you drive it off the car lot. It's estimated that certain models can lose up to forty percent of their value in year one. With a used model, you don't need to worry about this steep decline in value because it's already occurred with the previous owner.
More Choices: While you can't custom-build your pre-owned Ford like you could with a brand new model, you do have the option to choose from models or designs that are no longer manufactured.
Advantages of Buying New
Customization: When you purchase a brand new Ford, you can customize it as much as you want or have your dealership find the right vehicle with your desired features.
It's Brand New: A new car comes to you with a clean driving history and no dings or scratches. You'll be satisfied knowing you did any vehicle wear and tear.
Better Warranties: The warranty for a new vehicle also comes untouched. You can purchase warranties for pre-owned vehicles, but the best and most affordable ones come with a brand-new car.
Latest Safety and Technology Features: New cars come with the most up-to-date safety and technology features. Both technology and safety standards are constantly evolving, so a used car's features may be outdated.
New and used vehicles are good options depending on the driver. It's important to consider all the pros and cons before you make your decision. Head to Lawrence Hall Ford in Anson, TX, for more information if you're still unsure of which option is right for you.