New Cars vs Used Cars

Did you know that Time Magazine reported that in 2013, approximately 25% of all cars sold in the United States were leased? Buying a vehicle is a large investment, so it is important to determine whether or not you want to buy a new or used car. There are several advantages of both choices, so it is important to select the option that will benefit you most.

1. New car. There are several reasons to buy a car brand new. Not only does buying a new car guarantee that you receive the newest options available, but it also allows you to receive lower interest rates, as well. For example, many financing rates, such as Nissan finance rates, are lower when you purchase a new car than when you finance used cars. These Nissan finance rates help make your new car purchase more affordable, which allows you to browse new car sales for the best new vehicles available. As a result, new car sales in the United States jumped 40% from August 2012 to August 2013.

2. Used car. It can be advantageous to buy a used car, as well. The main benefit of used cars is that they are significantly cheaper than new cars. In fact, purchasing a used car is typically 35-40% less expensive than buying a new car. Although buying a used car does not give you the freedom to choose the exact vehicle options you want, you are able to browse the best used cars in order to find vehicles that are in your price range. Since used cars are less expensive than new cars, more than 40 million used cars were sold in the U.S. in 2012.

Buying a car is a large investment, so it is important to weigh your options thoroughly. Deciding between a new and used car, for example, is a good way to help you decide, as both choices are beneficial in their own ways. By choosing the option that is right for you, you will be able to find the best vehicle available. Find out more here.