Why You Should Not be Buying New Cars

by | Jul 18, 2014 | Automobile

You often hear people talking about the new-car smell. There is something exciting about getting in a brand new car and smelling that, but is it really worth it? Many people are concerned about saving money and spending wisely, and if that describes you, then there are some very good reason not to buy new cars.

We have all heard that new cars depreciate in value as soon as you drive them off the lot and that is true. A new car can lose anywhere between 10-20% percent of its value before it is a year old. Some models can even lose up to 80% of their value before they are five years old. By the time you have had a new car for a year you have already lost 10-20% of your investment and that no way to make the most of your money.

Another reason to look at used cars is the fact that you will have less worry. When you buy new cars, you are proud of them, so you protect them. You wash them more, park them further from stores, but no matter what you do, every new car is going to get a scratch or blemish sooner or later. When you buy a used car it can still be beautiful and in great shape, but there is not that stress of worrying when the first scratch is going to come.

May people shy away from used cars under the assumption that they are not as reliable. Many used car dealers offer warranties that protect the buyer in case there is anything wrong with the car. A dealership that focuses on only used cars, like Heritage Motors Corporate Center will carefully screen the cars that they offer for sale to make sure that they are only selling cars that are dependable and in good condition.

So, while that new car smell is nice, is it worth taking the financial hit that comes from buying a new car? A used car can be cheaper and look and perform just as well as a new car, saving you money in the process.

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