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Buying New vs. Pre-Owned Vehicles
If you're in the market for a luxury sedan, SUV or truck, you're probably wondering whether you should buy new or used. While there is no wrong answer to this question, each option has its pros and cons that you should weigh before you make your purchase. Here are just a few things to keep in mind.
The first thing to consider whenever you shop for a luxury vehicle is the price. Used vehicles are obviously going to be less expensive than new ones, so that should be a consideration if you're on a budget or if you want to save some money. It also costs less to register a used vehicle in most states, which can end up saving you even more money.
Lower Insurance Rates
As a rule, it costs a lot less to insure a used vehicle than a new one. Since a new vehicle has a higher value and usually requires more maintenance, insurance rates will be higher. If you buy a used vehicle that is old enough, you might even be able to do away with features such as collision and theft coverage. It's not always recommended, but it can be a good way to save some money if you're a careful driver who always locks your car's doors.
All vehicles depreciate as they are driven. Your brand new luxury vehicle may still be worth a lot after you've driven it home, but simply driving it off the lot is enough to lower its value. While this is to be expected - the only way to keep a car from depreciating in value is to store it away and not drive it at all - it is one reason why many people would rather buy a used vehicle instead.
If you care about maintaining most of the value of your car and you don't want to spend the money buying something brand new and keeping it in pristine condition, a used vehicle might be the way to go. Yes, it will still depreciate in value, but it won't depreciate as much as a new luxury sedan when you drive it off the lot. The previous owners already crossed that bridge.
Kennesaw Is Home To Luxury
Buying a used vehicle won't guarantee that you will be able to get the latest luxury car on the market with all the special features that might come with it, there are still some very big financial benefits to buying a used vehicle instead. There are still some great used vehicles that look and drive like new out there, so shop around at Atlanta Luxury Motors in Kennesaw and see what works for you.