Should I Buy A New Or Used Car? May 04, 2017 Auto News SuperUser Account carsgrosse pointe autogrosse pointe parknew carused car Buying a car can be a stressful process. What is the car’s gas mileage? Safety features? Is the brand reliable? However, the biggest question people ask themselves is, “Should I buy my car new or used?” There really is no one right answer to this - which is why Grosse Pointe Auto wants to help you make the decision that is right for you. Used Car Maintenance With used cars being sometimes thousands of dollars cheaper than new, it's natural to want to go for one – the less money spent, the better off financially you’ll be. However, what many people do not put into consideration is the fact that used cars are much more likely to need repairs and maintenance. With a used car, you’re taking a gamble on when it will be needing maintenance. While you may be able to go years without, you could also need maintenance within a few months. It’s important that you look into your finances before making the purchase. No matter how well maintained the car is, after 30,000+ miles some of the parts are going to wear out and need replacing. Depreciation When buying a new car, it’s important that you know that as soon as you drive it off the lot, the value is going to depreciate. For example, if the new car you just bought depreciates by an average of $6,000 once it’s purchased. You have to ask yourself, why not just buy the car used? No matter what - the car is going to depreciate in value once it's driven. With a used car however, you're at least saving some of that money up front. Your Credit Lastly, when deciding whether to buy a new or used car it’s important that you look at your credit score before you make that decision. Your credit can decide whether or not you can even get a new car. If you’re behind on your credit, then you will have trouble getting some of the incentives that dealerships use to sell their stock. For example, many dealers will offer rebates, cash incentives and discounted financing. If your credit score is in bad shape, these incentives won’t be offered to you and you may be better of purchasing a used car. Deciding between a new or used car can be a difficult decision. However, by looking at the factors above, that decision can be made a lot easier. It’s important that the car you buy can last you a while and be efficient with your money. This can make you a happy driver!