Certified Pre-Owned or New? – Ennis, TX
If you’ve ever been into a dealership, chances are you’ve heard this question before: “Do you want something New or Certified Pre-Owned?” It is a question that for many new car buyers can be somewhat challenging to answer. On the one hand, new cars offer a thrilling path to car ownership. Chances are when you buy a new car you’ll be the first person ever to sit behind the wheel, which means every ding, scrape and blemish can be traced back to a fond memory of both you and the vehicle. On the other hand, there is certainly real practicality with purchasing a certified pre-owned vehicle. Say for instance you visit a Chevy used car dealership to purchase something pre-owned. Chances are the car you end up test driving will have seen multiple owners. However, you may not even be aware of it. Plenty of certified pre-owned vehicles can feel brand new at first glance, and with the often affordable sticker price, it can be difficult to ignore the benefits of purchasing something pre-owned.
All that said, many drivers still find themselves stuck on the dividing line on whether to purchase a car that is brand new or certified pre-owned. While each option comes with its pros and cons, the true victor of this age-old discussion all depends on what you’re looking for, and what you expect out of a vehicle. If you need further advice then what we have laid out below, come down to our dealership in Ennis, Texas. At Frank Kent, we can get you behind the used vehicle of your dreams.
Buying a Car
Say you visit a Chevy car dealership, and you test drive what might be the car of your dreams. This car has all the bells and whistles from the seamless infotainment system to the roaring 6-cylinder engine beneath the hood. In other words, you’re in love. But when you sit down to talk finances, reality begins to set in. Even with a down payment, and reasonable financial plan, you likely won’t pay off this dream car until the vehicle is well-worn.
For some drivers this scenario is familiar, and far from an issue. There is certainly an appeal for buying a car brand new even with the high asking price. Those who buy cars brand new tend to develop sentimental attachments to their vehicles, or at the very least appreciate having the newest thing on the market. For others, the cost is a small sacrifice for the peace of mind of owning a car that has only ever seen one driver. That said, new cars can have their setbacks.
When you purchase a new, it is likely that you’ll have to apply for an auto loan. These auto loans can vary in terms of the details, but often times they take several years to pay off, even with a sizeable down payment. At first glance, this can seem like quite a commitment of both time and money. Stack that financial burden alongside repairs and potential deductibles, and you have quite the expense on your hands. Fortunately, for drivers who are apprehensive about making such an intensive financial commitment, there are always certified pre-owned vehicles.
Buying a Certified Pre-Owned Vehicle
There is a misconception among new car buyers that certified pre-owned vehicles are just used cars; this couldn’t be further from the truth. A certified pre-owned vehicle is, yes, a used car, but one that has received an intensely thorough multi-point inspection from either a dealership or a manufacturer. These inspections cover everything from the state of your engine to the upholstery of your rear seats. These inspections are so intensive that a used Chevy car can feel like a new Chevy car.
What draws in the appeal of a certified pre-owned vehicle is more than the workmanship of the refurbishing team, it’s the cost. When stacked up against a brand new car in terms of value, a certified pre-owned vehicle will almost always blow the new car out of the water. Say for instance, at a dealership for Chevy used cars, there is a used 2015 Chevy Impala. While almost four years older than the current model, this used Chevy still exudes the appeal of something brand new. In this scenario, we compare it to the 2019 Chevy Impala. While the newer iteration is still an impressive vehicle, the 2015 model is going to come in at a much lower asking price simply because it spent 4 years off of a dealership lot.
For drivers who could care less about driving the latest and greatest thing, certified pre-owned vehicles are the way to go. On top of the fact that they’re cheaper, many manufacturers and dealers offer extended warranties on these vehicles promising things like bumper to bumper coverage on all repairs, dings, and scrapes. Sure, these warranty plans can bump up your monthly burden, but this cost is minuscule when compared to the long-term cost a new car can impose on your checking account.
So, Which is Better?
Comparing certified pre-owned cars and new cars is like pitting a sedan and a pickup truck together. While one driver might prefer the utility of a pickup and dislike the compact size of a sedan, another driver might appreciate the fuel efficiency of a sedan and find the size and engine power of a pickup a bit wasteful. When you get down to it, it all depends on preference.
While new cars offer their own unique driving experience, they’re often more expensive. And while certified pre-owned cars are cheaper, they have been helped by many different drivers. New cars may offer greater mechanical reliability, but certified pre-owned cars provide the added bonus of extended warranties. The best way to determine which is right for you is to determine what you prioritize and what you expect out of the car ownership experience.
How to Make the Most out of Your Car Buying Experience
No matter if you want to rush down to a Chevy used car dealership, or are hoping to pick up the latest pickup from your corner dealership, there is no right path to car ownership. That said, there are ways you can make the car buying experience much simpler.
For one, it is worthwhile to do a healthy amount of research before heading into a dealership. There are plenty of cars out there, and before you even decide whether you should purchase something new or used, you should figure out what kind of car you even want to begin with. By determining what kind of car would best suit your needs you can streamline your experience and end up with something you’ll truly enjoy.
Another thing worth taking time for is saving up for a down payment. Regardless if you’re buying new or used, having a down payment can significantly reduce how much you’ll pay monthly on a vehicle. Certified pre-owned vehicles, while cheaper, require financing too, and by getting a leg up on the process you can save yourself significant financial stress moving forward.
Lastly, be clear about what you want. It can be so easy to be swayed one way or the other when you step foot on a dealership. Buyers who are looking for something new can be tempted by the low price of a used car, while used car buyers can be lured by the flash and glamor of a new car. By setting intentions before going into a dealership, whether new or used, you can drive away behind the wheel of a vehicle that meets your every expectation.