Used vs New vehicle - Things to Consider
Are you considering buying a used vehicle? There are benefits to both new and used vehicles, so which choice is best for you? The obvious benefit to buying a used vehicle is the cost, but keep in mind the lower price tag comes with HIGHER risk. The key is to find the right balance of value and risk. Here are a few things you should consider before deciding whether a new or a used vehicle is right for you. Reliability - Reliability is a huge concern for buyers and used cars are proving to be more reliable than ever before. Since 2005, used vehicles are reporting fewer problems and are easily surpassing 100,000 miles while many reach 200,000 without any major repairs. Warranties/Repairs - Used vehicles will most likely need repairs, so consider the repair costs that may be associated with owning a used vehicle. New cars typically have very few problems within the first three years and if they do have problems, it is usually covered by the warran...