Buying a New vs. Used Car in Girard, PA
You can picture yourself in your dream car: one hand on the steering wheel while your favorite tunes blast through the speakers. You?ve decided on your favorite model and trim, but should you buy a new or used car? There are benefits and drawbacks to buying a new or pre-owned vehicle, depending on your budget and personal preferences.
Find out about your finance options by contacting the team of experts at in Girard, PA by phone at contact form or give us a call at 877-544-1134 or through our online contact form.
What are the pros of buying a new car?
Manufacturer Warranty. Brand new Chevy cars come with a warranty that lasts three years or 36,000 miles. Within that timeframe, any repairs your car needs are covered by the warranty your car came with, which saves you money initially since repair costs aren't coming out of pocket.
Better Financing. Lease and finance deals are offered by the manufacture through incentives, including rebates and APRs as low as zero percent. Check out the incentives offered before purchasing your new Buick, Chevrolet, GMC, or commercial vehicle with our Chevy dealership in Girard, PA.
Latest in Technology. It's nice not having to deal with excessive cords to access entertainment features and contact information from your smart phone, which is why drivers will appreciate advanced infotainment systems offered with new models.
What are the pros of buying a used car?
Late Models for Less. Depreciation becomes your best friend in this case. For example, if you've had your eye on the new Chevy Suburban, check out its immediate predecessor. Unless the latest Suburban has been massively updated, a two or three year old Suburban will have similar specs and features.
Options That Fit your Budget. There are an inexhaustible number of used cars for you to choose from and you don't have to risk paying outside of your budget. Whether the price tag or model year is more important to you, there is a pre-owned vehicle out there for you.
Decided on a pre owned model but not sure which one is right for you? Browse our pre-owned inventory currently offered at McQuillen Chevrolet!
What are the cons of buying new?
Depreciation. As soon as you drive your new Chevy Cruze off of the lot, the value of your car goes down 10 percent according to the trusted automotive site, Carfax Inc. After its first year, it loses 20 percent of its value, and in five years it can jump to 40 percent on average.
Higher Insurance Premium and Repair Costs. If your new Equinox is totaled after an accident, the replacement cost is expensive. Not only that, the cost of OEM parts are higher than aftermarket parts, which is why some auto insurance companies only partially cover repair costs caused by accidents.
What are the cons of buying used?
Incomplete Vehicle History. With companies like Carfax Inc. your vehicle?s past is easy to learn about, but it could be misleading. Not all accidents are reported and those that are might have been minor incidents.
More Repairs. Auto parts crucial to your vehicle functioning are more likely to fail or break on older vehicles with high mileage. Make sure to get your vehicle inspected before buying used to ensure quality.
Higher APR. Auto loans for pre-owned cars have a higher interest rate because of the vehicles low resale value. Lenders and manufacturers want drivers to buy new cars.