Is it Better to Buy a New or Used Car?

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If you’re on the hunt for your next ride around East Baton Rouge or Ascension, you might be wondering: “Is it better to buy a new or used car?” It ultimately depends on how these options fit with your current needs, but you can be sure to find an excellent selection of both when you shop for your next ride at Acura of Baton Rouge. Learn more about the distinct differences between new vs. used car shopping to see which suits you best, and then explore our vast inventory of vehicles for sale at Acura of Baton Rouge today!

 

 

New vs. Used Car Shopping: What are the Differences?

When you’re looking at new vs. used car shopping, you’ll see each requires its own approaches to ensure you bring home a model on Ascension roads that not only matches your driving needs but also keeps you on budget. Here’s a closer look at new vs. used car shopping at Acura of Baton Rouge below:

New Car Advantages

  • Newest Technology: Buying or leasing a new car gets you access to the latest and greatest technology from whatever brand you choose. Automotive technology updates frequently and a vehicle that’s even a few years old can be considered technologically outdated.
  • Greater Fuel-Efficiency: In today’s automotive market, achieving impressive fuel-efficiency ratings is a goal for most automakers. Today’s vehicles feature fewer V6 and V8 engines, as they’re being replaced with turbocharged motors that are designed for greater fuel economy.
  • Full Warranty Coverage: Most new vehicles come protected by a bumper-to-bumper and powertrain warranties that cover most of the car’s components for a certain amount of years and miles.

New Car Disadvantages

  • More Expensive: New cars are much more expensive to purchase than a used or certified Acura for sale, and you can expect to be taxed on the price you pay. What’s more, once the vehicle’s warranty coverage expires, you’ll likely find that your car’s state-of-the-art technology is expensive to repair and maintain.

Used Car Advantages

  • More Cost-Effective: Buying a used car is a good way to save money; you’ll save money when you purchase from the dealer, buy auto insurance, and pay taxes.
  • Slower Depreciation: The value of a new car begins to diminish the moment you leave the dealership. In fact, a large portion of a car’s value is lost in the first few years of its lifespan. Used cars have already taken this initial depreciation hit, and lose value much more slowly as they continue to age.
  • Less Chance for Negative Equity: Negative equity is when you owe more on your car loan than what the car’s worth. So, if the car is lost or irreparably damaged, you may get stuck paying on the auto loan, even though you can’t drive the car. When you finance a used car, you’re likely to have a smaller car loan, so it’s less likely that you’ll end up “upside down” on the loan.

Used Car Disadvantages

  • Higher-Priced Financing: Lenders tend to charge higher interest rates on used-car loans, which leads to higher monthly payments. On the flip side, the price of the vehicle will be lower, so the loan term will also be shorter.

Why Shop with Acura of Baton Rouge?

At Acura of Baton Rouge, we make sure you have the ability to choose from a wide range of cars when looking for new vs. used car options. You’ll find the latest luxury sedans and SUVs to take your Ascension commute to the next level, while our expert service technicians will thoroughly inspect pre-owned models to ensure they are in great condition to keep you moving around town or far from home for years to come.

Find Your Next Ride for Sale at Acura of Baton Rouge Today

Now that you have a better understanding of new vs. used car shopping around Livingston and beyond, let our team help you find your next ride. Find more reliable car buying tips and tricks at Acura of Baton Rouge and see how you can save even more on your favorite model and trim level with our rotating selection of new vehicle specials or national offers and incentives. Speak with a member of our dedicated team if you have any questions or you can apply for financing and value your current trade-in vehicle online at home to get started. Contact us today for more details on new vs. used cars or stop by our dealership right here in Baton Rouge!

 

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