disadvantages of buying a new car

We all love new things, shiny and untouched, but sometimes that newness comes with a high price tag. The same can be said for buying a new car. While the latest features and upgrades are enticing, you might be better off skipping the new car lot and heading straight for a reliable used car dealership like Auto Action. In this blog post, we will go through some of the significant disadvantages of buying a new car and why a used vehicle might be the way to go.

4 Disadvantages of Buying a New Car

1. Depreciation

As they say, a vehicle’s value depreciates as soon as it is driven off the lot. The same can be said for new cars. Within the first year, your new car could lose up to 30% of its value. This means that if you buy a car worth $50,000, it could lose approximately $15,000 in value just within the first year. The depreciation has already occurred with a used car, and it won’t be as steep as a new one. It means you can likely negotiate a better price and save money in the long run.

2. High Insurance Rates

New cars are expensive to insure due to their high value. Insurance rates consider vehicle cost, safety features, repairs, and theft risk. With a used car, you can save money on insurance premiums because a used vehicle has a lower value. You can also opt for lower coverage options, further reducing the insurance cost.

3. Additional Fees and Taxes

Car purchases come with additional costs, such as taxes, registration, and fees. With a new car, these costs are higher because of the car’s higher value. Purchasing a used car reduces registration and sales tax costs since the tax is calculated based on the car’s value. Again, it’s an opportunity to save money, so why not take it?

4. High Maintenance

Newer cars have higher maintenance costs because all the parts are fresh and need care. Sometimes even simple repairs or replacements cost a lot since the parts and components of the vehicle are costly. A new car might look perfect, but it’s not without its flaws. On the other hand, a used car has already been ‘broken in,’ and the maintenance and repair costs are much lower. Additionally, with the help of a professional and trustworthy dealership, you can buy a used vehicle that has been thoroughly inspected, making future repair bills less likely to happen.

Contact the Used Car Experts at Auto Action

Buying a new car comes with many disadvantages that might not weigh in favor of your bank account. From depreciation and insurance costs to taxes and fees, it’s clear that buying a new car is not always the best move. Used cars save you money and are often reliable and can give you many years of service.

At Auto Action, we offer quality used vehicles that have been thoroughly inspected and reviewed to ensure they provide you with a stress-free buying experience. So, if you are in the market for a new, used car, we urge you to skip the new dealership and come straight to us!