Should I Buy New or Used?

September 11th, 2018 by

showroom with cars

Ladue drivers in the market for a vehicle might be wondering whether they should opt for a new or used vehicle. There are benefits and downsides to each side of the coin, and the decision, in the end, is a personal choice. The factors that determine the best option for you are based on your needs and your financial status. Before you come visit us, take a look at brief guide that will help you determine the best path for you.

Buying New: The Ups and Downs

  • Benefits
    • Latest technology
    • Newest safety features
    • Better fuel economy
    • Peace of mind in terms of quality
    • Great Warranty Coverage
    • Easier to find the car you want
    • More special offers and financing deals
  • Downsides
    • Higher cost
    • Quicker depreciation
    • Higher sales tax
    • Higher insurance payments

Buying Used: The Good and the Bad

  • Benefits
    • Initial depreciation has passed
    • Much lower cost
    • Additional features no not impact cost as much
    • Wider selection
    • Lower insurance rates
    • Lower sales tax
  • Downsides
    • Potential problems from previous owner(s)
    • Limited, or no, warranty options
    • Limited choice of features, color, etc.
    • Some cars depreciate more than others, so value differs between each model

The bottom line is that the decision comes down to you, the buyer. Your financial status, needs, and wants are all factors that impact what choice is best for you. Also, don’t forget there are Certified Pre-Owned vehicles to take advantage of as well!

Find Your Next Vehicle at Mercedes-Benz of St. Louis

Whether you decide to go with a new or used vehicle, make Mercedes-Benz of St. Louis your stop. Our dedicated team can help you with financing, and trading in your financed vehicle, and get you settled in that perfect vehicle for you. Stop by our dealership near Clayton, or contact us online with any questions you have, including how to shop for a vehicle out of state.

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