Is it Better to Buy a New or Used Car?

If you’re looking to upgrade your current ride, you might be curious if you should buy a new or used one. Neither option is better than the other, it just depends on your budget and your ownership desires. At Findlay Hyundai, our Washington finance team created a guide to help you see the benefits of new and used Hyundai models so both options are open for you. Compare used Hyundais and new Hyundai below then apply for financing at home!

New vs. Used Cars: What are the Differences? 

New Car Advantages

• Newest Technology: Whether you buy or lease a new car, you’ll be able to take advantage of the latest automotive technology as you cruise through Mesquite, NV. 
• Greater Fuel-Efficiency: In today’s market, we know fuel-efficiency ratings are important to our Hurricane, UT drivers not only to keep some money in your pockets but reduce your carbon footprint. More newer vehicles offer turbocharged engines instead of V6 and V8 engines.
• Full Warranty Coverage: Many new vehicles come protected with our bumper-to-bumper and powertrain warranties to keep you covered when the unexpected happens. 

New Car Disadvantages

• More Expensive: Like any car, new cars depreciate instantly as soon as they’re driven off the lot. Yet, they’re still more expensive than certified pre-owned vehicles or used vehicles in general. Plus, when the warranty is over on a new car, many repairs on the technology will be expensive to fix.

Used Car Advantages

• More Cost-Effective: Buying a used Hyundai will save you money at the dealership, Cedar City, UT insurance provider, and on taxes.
• Slower Depreciation: Used Hyundai models will slowly depreciate over time since major depreciation happened before you became an owner. With used cars already going through their major depreciation, their value will slowly decrease over time.
• Less Chance for Negative Equity: When you finance a used Hyundai, you’ll have a smaller loan and fewer chances of being “upside down” on your loan by having negative equity on your car.

Used Car Disadvantages

• Higher-Priced Financing: Many lenders will charge higher interest rates on used cars which can lead to higher monthly payments.

Explore Our Used Hyundai Inventory at Findlay Hyundai!

Now that you know the advantages and disadvantages of new Hyundai and used Hyundai models, contact us to schedule a test drive at Findlay Hyundai.