Buying Used vs. Buying New Vehicles

July 27th, 2018 by

2015 Ford Focus

2015 Ford Focus

Shopping for a new car? It’s a major expenditure, so it pays to consider the benefits of buying used vs. buying new vehicles. Used vehicles come with a lower price tag, and new cars come with the gleaming, brand-new experience. So what is best for South Bend drivers looking for a new vehicle? Let’s take a look at both sides.

Used Vehicle Pros and Cons

  • Pros
    • Decrease in total cost
    • Already absorbed most of the initial depreciation
    • Insurance, sales tax, and interest will be lower than a new vehicle counterpart
    • Plenty of information on older models, ensuring all known issues are accounted for
  • Cons
    • Potentially no warranty coverage
    • Cannot be picky about features and options
    • What you see is what you get
    • Not all vehicles have the same value over time

New Vehicle Pros and Cons

  • Pros
    • More options on features, trims, and specs
    • The latest technology and features are guaranteed
    • No prior ownership means better peace of mind
    • Pricing is easier to understand, and dealers usually offer attractive incentives
  • Cons
    • Increased total cost
    • Higher sales taxes
    • Quick depreciation
    • Much less information on potential issues

The Jordan Way

At Jordan Ford, we’ll help you analyze your situation, financing options, and of course, show off our inventory of new and pre-owned vehicles. We also have a great selection of featured new and featured used cars that come with special incentives to make it easy to choose the one that’s right for you, and you can offset the cost of your next vehicle by finding out the vehicle valuation of your current vehicle and trading it in. Contact us today to learn more, or come see us just outside Granger!