Which is Best: New or Used Cars for Sale Greensboro?

cars for sale greensboro

Do you plan on shopping for cars for sale Greensboro in 2017? If so, then you have a big choice to make, and it has nothing to do with the color or if it comes with a built-in GPS system. The most important decision is new or used, and there are advantages to each. For example, while a brand-new car will look great in your driveway and probably make the neighbors jealous, a used model can be much less expensive. Before you make up your mind, be sure to think about these areas:

Your credit

If your credit is less than perfect, it may be a bit of a challenge to buy a new car. Since used cars are usually lower in price and easier to find within reach of your budget, it is usually easier to obtain financing.

Depreciation

Most people know a new car depreciates as soon as it is driven off the lot. However, they might NOT know that the loss in value can be significant. Once you drive that new car away, it will instantly depreciate somewhere in the neighborhood of 20 to 30 percent. In the first three years, it could even lose up to 50 percent of its value. Used cars depreciate much less, since the original owner absorbed the major loss. If you plan to drive your car for as long as possible, used is the way to go.

Repair costs

If you are thinking about buying a used car, you have to be prepared for some maintenance and repair costs. Factoring in these expenses can help you decide which is the smarter choice. You can help mitigate this by sticking to cars that are known to be durable and reliable. The best scenario is to purchase a used car from a reputable dealer who offers a warranty and has done a thorough mechanical inspection prior to putting the car on the lot for sale.

Getting the best car for your budget

While you may not be able to afford the car or truck that is at the top of your wish list when it is new, you may easily be able to afford the same make and model that is a couple of years old. Sometimes, it’s best to purchase a luxury car that has been previously owned and well-maintained, than to take a big loss on the instant depreciation costs of a brand new vehicle. Peters Auto Mall has the best selection of used cars for sale in the Greensboro area. You are sure to find an almost-new version of your dream car at an affordable price.

Cars for Sale Greensboro

These four considerations will help you choose which kind of car you should be looking for. If you agree that the best choice for your needs is a used car, you should pay a visit to Peters Auto Mall. We have a huge selection of used cars for sale in Greensboro. From compacts to SUVs to pickups, we have every type in a variety of makes and models. We also offer financing options, so no matter how much you plan to spend, you can find the perfect auto at a price that works best for you.