Buying New vs Buying Used

Why Buy a New Car?

To get started, let's look at a few of the most enticing reasons you may want to purchase a new car.

Access Attractive Finance Offers

When you purchase a new vehicle, you'll have access to very enticing finance offers, such as 0% APR, low-monthly-payment lease offers, dealer cash, and more. These finance offers can help reduce your costs and make a more expensive new vehicle more affordable. Manufacturers will typically tie in financial incentives to particular vehicle models, and those deals are extremely hard to beat. It's worth noting, however, these incentives are usually reserved for "well-qualified borrowers or lessees." In other words, if you have a low credit score or bad credit, you may not be eligible for these exclusive manufacturer offers.

Enjoy the Latest & Newest Tech

If you're someone looking for the newest and latest technology, buying a new car will open the door to state-of-the-art features. For instance, the new Hyundai Sonata and other new models come loaded with features commonly reserved for premium vehicles. The new Remote Smart Parking assist empowers you to park your vehicle with nothing more than a press of a button. This technology can even pull out of a parking space on your command. Also, the new Hyundai Digital Key can morph your compatible smartphone into an easy-access solution for unlocking your doors and starting your engine. You can even share your Digital Key with another person's phone. Because features like these are the latest and greatest, you'll only be able to find these on a spanking new Hyundai model.

You Have More Freedom to Choose

Do you have your heart set on a special color? Or are you looking for a special trim with certain features? In either case, when you purchase a new vehicle, you'll have more freedom to choose. You can even order the exact vehicle you want down to the color - if your heart desires.

The New Car Smell

Few things are more exhilarating than a new Hyundai and the customary new Hyundai smell. Knowing you're the first person to own the vehicle has its own set of psychological benefits. While this factor may appeal to some, it's less of an attractive attribute to others.

Why Buy a Used Car?

Just as there are several perks to purchasing a new car, used cars offer their own set of benefits.

Used Cars Have Slower Depreciation

Did you know that new cars can depreciate as much as 20% during its first year? While this fact may not mean a lot to you if you intend on keeping the vehicle for a long time, some people quiver at this notion. However, used vehicles do not depreciate as quickly. After the initial year of depreciation, used cars tend to depreciate around 9 to 12% annually.

Save Money

One of the most attractive attributes of purchasing a pre-owned or used vehicle is the price. Simply put, most new cars will cost more than a used vehicle. If you're looking to save a bit of money and still find a high-quality vehicle, going the used route may be more suitable.

You Can Purchase a Nicer Car

Due to the lower price of used vehicles, you can typically purchase a nicer model than you would be able to afford a new car. However, it's important to understand the price of a used vehicle is largely dependent on its condition and mileage. If you're willing to purchase a vehicle with higher miles, or a vehicle that's not in perfect condition, you should be able to get more bang for your buck.

Shop Certified Pre-Owned Hyundais!

If you're looking for the best of both worlds - new car quality and warranty with used car prices - a Hyundai Certified Pre-Owned vehicle will meet your needs. All of these high-quality pre-owned vehicles are in excellent, like-new condition and come with a manufacturer-backed warranty. When you purchase a Hyundai CPO vehicle, you'll automatically cash in on the savings valued at $2,349. Some of the most notable benefits of Hyundai CPOs include:

• The remaining part of the 5-Year / 60,000-Mile New Vehicle Limited Warranty
• 10-Year / 100,000-Mile CPO Powertrain Limited Warranty
• Complimentary CARFAX® Vehicle History Report
• 10-Year / Unlimited Mile Roadside Assistance
• And more