A new or used car: which to choose?
A new or used car: which to choose?
Posted on July 22, 2022
Should you choose a new or used car? That is a question that several consumers in Laval and Montreal ask themselves, and with reason! In fact, there is no right or wrong answer, simply different aspects to take into consideration.
Let’s take a look at these in greater details with BMW West Island, your BMW dealership for new and used vehicles in the West Island of Montreal!
Pros and cons of purchasing a new car
Buying a brand new car means knowing that you will be driving a vehicle that is in mint condition and that has never been driven by anyone, but you.
However, purchasing a new vehicle also comes with a few disadvantages worth taking into consideration. Here are the pros and cons of purchasing a new vehicle for sale in Montreal, at your BMW West Island dealership:
| Pros | Cons |
|---|---|
| The manufacturer’s warranty | Important depreciation |
| Peace of mind | Higher price and taxes |
The pros and cons of purchasing a pre-owned car
Whether you turn towards pre-owned vehicles because new ones are in high demand –which means you are forced to wait several months before getting your hands on one-, because your financial situation requires it or simply because you want to purchase the car of your dreams and a new model is out of your price range, there are several advantageous reasons to purchasing a used vehicle. Here are some pros and cons to take under consideration.
| Pros | Cons |
|---|---|
| Price | Being unsure of the vehicle’s condition |
| Lesser depreciation | Maintenance and repair fees are generally higher |
So, should you purchase a new or used car?
Between a new or used car, the only person who knows what is best, is you. If you know who the first car owner was, or you have chosen a certified used vehicle, or if the vehicle is still covered by the manufacturer’s warranty, the chances of you purchasing a good vehicle are very high.
You should also know that a new car will be worth half of its purchase price in the three years following your purchase; this does represent a significant amount. In fact, numbers show a reduction of 35 to 40% in value in the first three years, and up to 10% in the years to follow.
A few tips and tricks to help you purchase a new or used vehicle in good condition
Whether you decide to opt for a new car or a used one, one of the most important aspects to take into consideration is, without a doubt, the warranty. This is the only way to be protected. If you wish to purchase a pre-owned car, then it is a good idea to consider a certified model, which will certainly come with a better warranty.
Also, to limit the depreciation rate, it might be very advantageous for you to purchase a used vehicle that is only two to three years old, and keep it until it is four years old.
Conclusion
Whether you opt for a new or used vehicle, your BMW West Island dealership, close to downtown Montreal and Laval, offers car financing plans that are perfectly adapted to your needs and budget.
