Is it Better to Buy a New or Used Car?

Used cars on a lot
 

Are you looking for a new ride for your Hood River drives? Do you find yourself comparing new vs. used cars? Both options have their advantages and disadvantages; however, one is most likely the best choice for your finances and lifestyle. Compare the benefits of new vs. used cars today with CH Urness Motor Company, and feel free to contact us anytime for more info!

 

 

New vs. Used Cars: What are the Differences? 

New Car Advantages

  • Newest Technology: Buying a new car provides you with the latest technology, regardless of the type of vehicle you choose. Technology in cars is frequently updated, so a car that’s only a couple of years old can be out-of-date. 
  • Greater Fuel-Efficiency: Brands are constantly looking to be more efficient, as fuel efficiency is one of the main goals of automakers today. Therefore, when you buy a new car, you’ll get the very best fuel economy available. 
  • Full Warranty Coverage: You’ll likely receive full warranty coverage on your new vehicle, covering almost every component for a certain amount of miles and years. 

New Car Disadvantages

  • More Expensive: New cars are often much more expensive than used, and you’ll be taxed on the sale price. Furthermore, once your warranty expires, you’ll be responsible for paying for repairs and maintenance. 

Used Car Advantages

  • More Cost-Effective: Purchasing a used car is lighter on the wallet and a great way to save a few bucks. Everything, including insurance and taxes, are much cheaper when buying used. 
  • Slower Depreciation: Used vehicles have already taken the hit of depreciation; therefore, used vehicles will lose value much slower than new vehicles as you drive them around The Dalles. 
  • Less Chance for Negative Equity: When you owe more on the car than the balance on the loan, this is called negative equity. So if a new vehicle is irreparably damaged or lost, you still have to pay off the loan. When you finance a used car, the loan is smaller—so you have less of a chance of negative equity. 

Used Car Disadvantages

  • Higher-Priced Financing: Used vehicles often come with higher interest rates, which results in higher monthly payments. However, the loan will be shorter due to the lower price of the vehicle. 

Why Buy Your Next Car With CH Urness Motor Company?

The experts at CH Urness Motor Company have a wide range of new and used vehicles in stock in The Dalles. Regardless of whether you’re looking for a new or used vehicle, we’re sure to have something for you in stock. Our expert finance team will help you through the entire buying process, and get you into your new ride fast!

Find Your Next New or Used Vehicle at CH Urness Motor Company

Now that we’ve compared new vs. used car buying options, come stop by CH Urness Motor Company to exlore our inventory for yourself today. Check out our new and used vehicle inventory, and meet with our finance center to start the buying process. Be sure to use our new vehicle specials to save big near Portland!

 

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