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by Answerbag Staff on February 5th, 2010

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What are the benefits of buying a new car?

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  • by Richard Rowe on February 5th, 2010

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    Some people maintain that used cars are always the best investment, but buying new has a number of advantages. While most are intangible, buying new offers a number of financial perks as well.

    Warranties

    Even if a used car is within the mileage limits of its factory warranty, some may not transfer to the second owner. Full factory warranties protect the owner against high maintenance costs and factory flaws for years to come.

    Finance Rates

    Most banks and financiers offer 1- to 2-point lower financing rates on new cars than on used cars. New cars provide better collateral and are less subject to breakdown.

    History

    No matter how new a used car may be, it's still been subject to the previous owner's dedication (or lack thereof) to scheduled maintenance. New cars are always fresh, so there are no worries about irregular maintenance.

    Choice

    Buying new allows the buyer to specify the exact color, drivetrain, interior, audio and option level desired. Used car buyers are restricted to what is available at the time of purchase.

    Roadside Assistance

    Many factories offer roadside assistance for the initial term of ownership only, which can save big bucks in the event of a flat tire or dead battery.

    Source:

    Cars.com: New vs. Used

    Cashmoneylife.com: New Car Benefits

    Startribune.com: The Benefits of Owning a New Car Minneapolis

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