How To Decide Whether You Should Buy A New or Pre-Owned Vehicle

July 20th, 2020 by

 

So it’s been 5-10 years since you’ve had your current vehicle and it’s time for an upgrade, great! Now, all you have to do is decide whether you’d like to invest in a new or pre-owned vehicle. This can be a tough decision and a number of factors can play into your decision. We’ll break down the pros of buying new and pre-owned and hopefully make your decision a bit easier in the process. 

 

 

Pros of Buying New

Shiny and New: The most obvious advantage of buying a new vehicle is that no one has owned it prior to yourself. You get to drive the vehicle off the lot with little to no kilometres and make it yours. It maintains that new car smell and its nearly perfect condition. In addition, buying a new vehicle comes with the ability to customize it to your specific needs. You can choose the colour, model, and package that suits your needs. This means that you can outfit the interiors with your favourite leather and the most tech-savvy control system, leveling up your cool factor. 

 

Safety: Driving a brand new vehicle instills peace of mind knowing that your vehicle hasn’t been in any prior accidents. In addition, the safety features that are present in new Ford vehicles are almost unbeatable. Ford Co-Pilot360 is a suite of smart technologies that can help you to get from point A to point B safely and comfortably. The feature availability will vary depending on the vehicle you choose. To get an idea of some of the benefits of their available confidence-driving technology we’ll highlight some of the especially impressive features:  curve control, adaptive cruise control, active park assist, blind-spot information system, 360-degree camera, and auto high beams just to name a few. Safety is front of mind with Ford. However, if you were to go with a pre-owned Ford vehicle it may still be outfitted with Ford Co-Pilot Technology, dependent on the year of the pre-owned vehicle. 

 

Lower Emissions: as we trend towards a more environmentally conscious society, it only makes sense that the vehicles that we drive do the same. A number of more fuel-efficient vehicles are entering the market while maintaining their power. The hybrid segment is heavily growing, offering more robust options and models from sedans to SUVs. Many newer vehicles also have an ECO mode that allows you to conserve fuel. A major pro!

 

Pros of Buying Pre-Owned

Price: The biggest and most obvious advantage of buying pre-owned is that is the price of the vehicle is going to be less costly for you. A competitively priced pre-owned vehicle gives you the opportunity to buy a nicer model that may have been out of your price range when it was new. This is a smart and cost-effective tactic from a buyer’s perspective. 

 

Depreciation: Brand new vehicles lose value as soon as they are driven off of the lot. Therefore, driving a pre-owned vehicle off the lot will not incur the same level of depreciation and you’ll be at ease knowing that got a great deal. 

 

Options: When looking to buy a pre-owned vehicle you are in some cases given a plethora of options that may not be present in the new vehicles available. This gives you the opportunity to take a look into the archives and browse through past years’ vehicles and models. Thus, giving you numerous variety to choose from while still maintaining relatively cost-friendly options.  

 

Time to Decide

When it comes down to it, there are advantages to buying both new and pre-owned vehicles. However, it all comes down to your choice and which factors matter the most to you. We want to help you find the perfect new or pre-owned vehicle. Regardless, we’re confident that you’re going to make the right choice! 

 

Call or visit us today at Capital Ford Regina located at 1201 Pasqua Street North. 

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