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Arrowhead Honda | Honda Dealers Phoenix in Peoria, AZ
Arrowhead Honda | Honda Dealers Phoenix in Peoria, AZ: Reviews for Arrowhead Honda | Honda Dealers Phoenix | Auto Detailing, Auto Repair/mechanic in in Peoria, AZ |
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Honda Dealers Phoenix Arrowhead Honda
Some people always buy new; others always buy used. When it comes to your next vehicle, what are
some of the factors involved in making that choice?
Since cost is very important to most people, let’s talk
pricing first. New cars have, of course,
a higher purchase price. Used cars have a lower purchase price and can be a
better value overall. If you purchase from a private seller with no dealer in
the transaction, you’ll probably get a better price — but if the deal turns out
to be a bad one, the seller usually will not allow you to return it.
New vehicles depreciate at least fifteen percent the moment
the new owner drives off the lot. Used
cars continue to depreciate but most cars depreciate the most in the first
three years.
Insurance costs are going to be higher for a new car, as
will registration fees and sales taxes. Conversely, loan rates will probably
carry a higher loan rate. Vehicles over seven years may not qualify for
financing.
A new vehicle usually comes with some form of comprehensive
warranty that covers the cost of repairs and labor for a period of time or a
specific mileage limit, whichever comes first. Also, additional coverage may be
available at an added cost. When
purchased from a dealer, used cars may, but probably not come with a
comprehensive warranty. A limited
warranty may be available. When
purchased from a private seller, you can forget a warranty.
One of the fun parts of purchasing a new vehicle is the
ability to order a car with features and options that you like. While you can’t order a used car, by shopping
around you may find the features you are looking for. Patience may be required, though.
A new car should have no defects, previous wear, body damage
or mechanical problems. Buying a used
vehicle may mean higher maintenance costs. To minimize this cost, before buying
a used car, it would be smart to look at the maintenance documentation, take
test drive during daylight hours and inspect, and have a mechanic that you
trust inspect the car before you plunk down your money.
A possible middle ground between buying new and used is a “certified pre-owned” vehicle. These cars have been inspected by a dealer and come with a warranty.
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