Should I Buy New Or Used?

Buying A New-To-You Car
Shopping for a new car comes with several questions. One of those is whether to buy a brand new car or a used car. Others involve financing, features, make, and model. Car dealerships also offer used cars and certified pre-owned, just to add more questions to the process. Stop by Group 1 Ford of Kennesaw today and our expert team would be happy to help find what works best for you.

Pros And Cons Of Buying New
Buying a brand-new car is invigorating, especially when they come equipped with the latest technology, outstanding warranties, and that iconic new car smell. Many manufacturers also offer financing specials that involve low-interest rates for car loans or lease deals.

The number one disadvantage of buying a new car is the price. However, used-car prices are higher than they’ve ever been, so many new-car prices aren’t as shocking as they once were. The other disadvantage of buying new is the shock of car depreciation.

Pros And Cons Of Buying Used
Many financial experts claim that the only cars they buy are used because the lower upfront cost allows them to save money. Yes, used cars are less expensive, but they usually do not come with warranty protection unless you buy a CPO car.

The best choices for used cars are CPO vehicles that come with vehicle history reports and low mileage. Some manufacturers offer short-term warranty coverage that often includes limited roadside assistance and other benefits. When you buy a used or CPO vehicle, you can save thousands of dollars off of the new-car sticker price. The downside is that someone else has driven the car, and used cars often come with unknowns – especially related to how and where the car was driven. In comparison to new cars, used cars usually have lower monthly payments.

How Financing Differs With New And Used Cars
Financing a new, CPO, or used car is relatively the same. All three types of vehicles involve the finance department pulling your credit score and finding the best options for your personal finance history.

The biggest differences involve the available financing options. When you purchase a new car, you can choose a traditional car loan or a new car lease. Interest rates for new-car loans are usually lower than those for used cars. New car loans can extend up to 72 or 84 months, while used car loans generally don’t go beyond 60 or 72 months, depending on the model year. Leases generally aren’t available for used cars, unless they are under four years old.

Shop For Your New-To-You Car At Group 1 Ford of Kennesaw
At Group 1 Ford of Kennesaw, we offer a full collection of new, certified pre-owned, and used vehicles. Our sales staff can help you find the perfect vehicle for your driving needs. Then, our financing department put together loan or lease deals that meet your monthly budget. We invite you to visit our website to see what is available and to our dealership in Kennesaw, GA, to take your favorite vehicle for a test drive.