Buying a New vs. Pre-Owned Car, Truck, or SUV in Springfield, IL

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Are you thinking about upgrading your daily drive but are unsure whether buying new or pre-owned is the better option for you? Purchasing a vehicle is a big decision, so it's important to make sure you're completely informed and comfortable with your choice before you sign the dotted line. That's why the experts at Landmark Ford have put together this comprehensive review of the pros and cons of buying a new or pre-owned car, truck, or SUV.

After reading our article below, head over to our new or pre-owned inventory to find a model you love. If you're unsure which vehicle meets your automotive needs, visit our model research hub for more information.

 

Pros of Buying New

  1. Buying a new vehicle gives you the comfort of knowing that you are the first and only person to ever drive your vehicle. Zero miles on the odometer, an accident free history, and no mechanical issues.
  2. A new vehicle allows you to enjoy the latest technology and safety systems available.
  3. When you decide to buy new, you can customize your vehicle to your exact specifications. Have an accessory you want to add? Have you always wanted a sunroof? Buying new allows you to find exactly what you're looking for without compromising.
  4. A new vehicle will have a manufacturer's warranty, so you don't have to worry about spending money on major repairs for the duration of the warranty.
 

Cons of Buying New

  1. When you buy a new vehicle, as soon as you drive it off the lot, it loses value. Should you need to sell it within the first couple of years you own it, you may not recoup your costs.
  2. It's important to keep in mind that a brand new vehicle will cost more to insure and repair.
  3. A new vehicle is simply more expensive than buying used. Dealerships are typically unwilling to negotiate on the price of a new vehicle to the same degree they would with a used vehicle.
 

Pros of Buying Pre-Owned

  1. When you choose to purchase a used vehicle, you can save thousands of dollars on the price.
  2. If you've decided to buy used but want the security of buying new, purchasing a certified pre-owned vehicle is a great solution. A CPO vehicle is only a few years old and still comes with a manufacturer's warranty.
  3. Used vehicles are cheaper to insure than new vehicles.
  4. A used vehicle won't experience nearly as steep of depreciation as a new vehicle will. Should you need to sell your vehicle before you've paid off your loan, you'll likely be able to recoup your costs.
 

Cons of Buying Pre-Owned

  1. Depending on how old the model you've chosen is, there may be no warranty. Any repairs needed-big or small-will be your responsibility.
  2. A used vehicle won't have the latest technology features you'd find in a brand new model.
  3. Purchasing a used vehicle may require you to make sacrifices on the features you want. You might not get that sunroof you've always wanted, or you may have to settle for your second or third color choice.

If you have any questions, feel free to reach out to us by filling out our contact form or by calling (866) 807-5399.

 
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