New Vs. Used SUVs

New Vs. Used SUVs

If you are in the market for a new car, a sports utility vehicle (SUV) is one of the best choices you can make. They are built on truck chassis and offer more space and comfort than most passenger cars. An SUV is a safer choice, and you can buy models with four-wheel drive for added traction off the road or in times of nasty weather. However, should you look at new or used SUVs when you shop? Here are some good reasons to consider quality, pre-owned vehicle for your needs.

New – The Benefits

When you buy a brand-new vehicle, you have something that no one else has owned. You can be proud of the fact that you drive the latest model and this can make you the envy of friends, neighbors, and relatives driving used SUVs. New vehicles come with factory warranties, and you may extend these warranties if you wish. However, these advantages come with a hefty price and here is why.

New – The Downside

Most people know about the term “new car depreciation,” but not everyone realizes just how much the value of your car drops, as soon as you sign the papers and drive it away. Depending on the make and model of your car, you could lose as much as one-fifth or 20 percent of the value in the first year. This means that a $25,000 vehicle is worth $20,000 after 12 months.

Used

Used SUVs can save you 20 percent first-year depreciation and a two or three-year-old model can save you even more. When you choose a certified pre-owned vehicle from a trusted dealer, you are assured of a great deal on an excellent sports utility vehicle. Some dealers have special deals that they regularly advertise online and can help you with vehicle financing.

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