Should you buy a new or a pre-owned car vehicle?

When the time comes to replace our current vehicle, the first step is usually to review our budget to determine which model we will ultimately buy. Once this first step is done, we go to the dealer and look at what is offered to us. That said, have you decided if you’re going to buy a new vehicle or a pre-owned vehicle?

What may seem like an odd question really isn’t because there are advantages to each option, starting with the price. A pre-owned vehicle will obviously be more affordable, so it is possible to buy a more luxurious and better-equipped version for the same price that we set in our budget.

However, the pre-owned car is perhaps less well protected compared to a new vehicle that benefits from its full warranty. You can buy an extended warranty at the dealer to increase the level of protection, however.

Another important consideration is depreciation. A new vehicle will lose a good portion of its value as soon as you leave the dealership. With a pre-owned car, it’s not you, but the previous owner who had to deal with depreciation.

That said, you cannot lease a pre-owned vehicle. So this means that those who wish to keep their vehicle only three or four years, or those who must lease a vehicle for work, will need to turn to a new vehicle.

In the end, the ultimate decision will likely be taken quickly. We generally have a good idea of ​​what we want in this regard, and sometimes, despite all the advantages of a pre-owned vehicle, we just want a car that never belonged to anyone else !

Thank you to Civic Motors for the tips!