Pro New cars for sale :
- Full Factory Warranty, so if something does go wrong it'll probably be covered!
- New car smell, ok well maybe this isn't really a "pro" but we love that fresh clean new car smell!
- Latest technology, a lot of times newer models have better technology, better horsepower and often better gas mileage which really pays at the pump now a days.
- Rebates usually available, some new dodge chrysler and jeep products even have rebates available up to $4,000-5,000. Depending on the time of year, make and model you can save a lot!
- Lease options available, if you don't plan on keeping the vehicle longer then 3years a lease can be a great option as the payments are usually a lot less then when you finance!
- Special financing usually available, if anything you will always get a better interest rate on a new car then a pre-owned vehicle.
- Little to no down payment acceptable, for new cars you usually don't have to put down as much money as you would a pre-owned car.
- You can trade in a vehicle with negative equity, if you're a little upside down in your trade then go new. A new cars rebates can help hide the negative equity and get your loan approved for a decent payment.
- Best deals on new cars, car dealerships literally give new cars away.Between rebates and competitive pricing online, you will end up paying less then invoice on a new car.
Con New cars for sale :
- Breaking in the engine, when a vehicle is brand new it receives horrible gas mileage for the first few thousand miles until the engine is broken in. This can sometimes be a downfall if you desperately need fuel efficiency NOW.
- More money, no matter how good of a deal you get on a new vehicle you will always pay more for it to be new rather then pre-owned. However, on some models the difference is just a mere $20-40 in payment.
- If you lease, you may have to have high coverage on the vehicle 100k/300k/100k typically. Having high coverage means high insurance payments.
- Maintenance, if you purchase new no one else would have already paid for those 10k, 15k, etc mileage maintenance. These can cost a pretty penny too.
- On average a $5,000 decrease in value after the first few hundred miles. Prices reduce on all vehicles, however new vehicles fall victim to a slightly harsher drop after their first owner.
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