You’ve made the first step: decided your car needs an upgrade. Maybe you’ve been eyeing the new Jeep® Cherokee at Lillston Chrysler Dodge Jeep RAM or the 2019 RAM 1500. Whatever type of car you’re looking for, keep in mind the pros and cons of buying both new and used vehicles.
The great thing about buying a used car is the financial savings you’ll get. Cars often lose value after a year on the market, so buying a pre-owned vehicle that’s just a few years old can end up saving you a lot. Your monthly payments will be lower and your insurance costs could be better.
Accident history is a big deterrent for car-owners. If you buy used, you may be buying a vehicle that, for example, has been totaled and completely redone. While cars can be perfectly functional after that happens, a lot of people want a vehicle that they know has never had any accidents or issues.
A brand-new car feels like it’s really yours. There has been no other owner in the car’s short life, so you’re aware of all accidents or issues. There haven’t been any! This can be really comforting. New cars will also last longer than used and will have up-to-date tech features since you’re getting it right out of the factory.
As mentioned above, new cars lose value after the first year, or merely by being driven off the lot. To get the most out of your money, it may be worth waiting until a car as depreciated in value a little bit.
While there are pros and cons to both buying new and buying used, either way you go, you’re going to be driving a new-to-you vehicle. Visit our Jeep dealership in New Jersey today to view our inventory.