Auto Dealers Can Offer Advice for those in the Market for Used or New Cars

1. May 8, 2017 Auto Dealers Can Offer Advice for those in the Market for Used or New Cars Image 1: Trusted Auto Dealers Can Help You Look for the Ideal Used or a New Car Buying a car is an important milestone in the life of a person. While many prefer to go to auto dealers to find a brand new car, some people prefer to settle for a used car instead. There are advantages and disadvantages to each approach. Do some research so you can make an informed decision on which one to buy. Page | 1

2. Advantages of Buying a New Car Financing Automotive manufacturers offer many incentives to attract the consumer. Aside from that, new car loans usually offer better interest rates. This all means that once you finish negotiating the car’s price, you are likely to end up paying less than the advertised price. No Need for a Mechanic’s Inspection New cars are assumed to be in mint condition, so you don’t need to check with your mechanic to tell you that the car you want to buy is in good shape. All you need to do is choose the make and model, and negotiate the price with any of the auto dealers near you. You Get the Latest in Technology Every year, car manufacturers incorporate new features to make driving safer and more comfortable, and to improve the overall performance of the vehicle. Warranty In theory, a new car is more reliable than a used one, but with increase in safety standards regulations, this should not be an issue. However, a brand new car will have a factory warranty period that guarantees you will have any breakdown fixed, free of charge within a predetermined period of time. Advantages of Buying a Used Car Car Depreciation and Upfront Cost We have all heard it before: the minute you drive your brand new car out of the dealership, it automatically starts losing its value. Unfortunately, this is true. If you have second thoughts and decide you no longer want a car you just bought, returning the car, even on the same day, it would already lose 20% of the price you paid. If your new car cost you $30,000, after a year of use -and taking into consideration wear and tear- even if you took excellent care of it, you could then sell it for 2/3 of what you originally paid. You could buy that same car, three years later, at that price. Page | 2

3. Lower Insurance Rates and Registry Renewal Fees Since insurance rates are mainly calculated based on the car’s value, and insurance for used cars cost a lot less, the insurance rates are consequently lower than those of a new car. The registry renewal decreases with each passing year. Since cars nowadays are more dependable than in the past, buying a used car from reputable auto dealers should leave you with an excellent vehicle that you will be able to drive for a long time without any problems. About Mcloughlin Chevrolet: Mcloughlin Chevrolet, is the Home of the Lifetime Powertrain Guarantee! If you’re looking for either new or used cars, we offer you the best deals. We have a great selection of vehicles to choose from. We even have a fully equipped vehicle maintenance and repair shop and supply genuine parts. Sources: New vs. Used Car – 6 Benefits of Buying a Slightly Used Car for Cheap/ Money Crashers, moneycrashers.com Advantages and Disadvantages of Buying Used Cars/ Street directory, streetdirectory.com Page | 3