What Are the Benefits of Purchasing a New Car?
Purchasing a new car is a thrilling experience that’s hard to replicate – but a moment’s thrill is fleeting. You want to make sure the excitement you feel is warranted and will last with a high-quality car that will continue to perform optimally for years to come.
Benefits of Purchasing a New Car
- Warranty Coverage: Most new cars come with comprehensive manufacturer warranties that cover repairs and maintenance for the first few years, minimizing how much buyers have to spend after the initial purchase and providing peace of mind.
- Lower Interest Rates on Financing: Lenders often offer lower interest rates for new car loans than pre-owned cars. This is due in part to the increased resale value of the asset, lower likelihood of catastrophic breakdowns and the more consistently reliable financial stability of most people who can afford new cars.
- Latest Features: New models come equipped with the latest safety features and entertainment systems for a modern driving experience.
- Eco-Friendly Options: With the push toward hybrid and electric models in recent years, newer cars often have improved fuel efficiency and lower emissions compared to pre-owned cars.
- Customization Options: When buying new, you can often select the exact color, trim level and options you want, tailoring the vehicle to your exact preferences.
- No Prior Wear and Tear: A new car is guaranteed to be in pristine condition since it’s had no previous owners and is less likely to have mechanical issues or breakdowns.
- Lower Maintenance Costs Initially: New cars won’t need major repairs or maintenance for at least a few years after purchase.
Drawbacks of Buying New
- Initial Purchase Price: New cars are significantly more expensive than used cars. The upfront cost for a new vehicle alone includes the cost of the latest technology, safety features and the innate perks of being the first owner. That’s not to mention the monthly payment, interest rates, registration payments and higher tax fees, surging the overall price.
- Depreciation Value: New cars depreciate quickly, often by 20 to 30 percent by the end of the first year alone. When a new car buyer decides to sell, they will get a significantly lower return on their investment. Similarly, if you trade in your new car after a few years, you might get less value than expected.
- Premium Rates: Insurance premiums for new cars are generally higher than for pre-owned cars since they cost more to repair and replace in case of a severe accident.
- Fixed Pricing: Since they’re fresh off the manufacturer’s assembly line, dealerships have less flexibility in negotiating the price of a new car. The odds of you securing a price far below the sticker price are slim.
- Specialized Maintenance: Newer cars with advanced features or technology may require specialized maintenance that can be more expensive, since parts may not be readily available.
You Don’t Have to Buy New to Drive New
Suffice it to say that buying new, while usually a positive experience, has its downsides – just as saving money on a used car does. The certified pre-owned cars at Easterns Automotive can give you the best of both worlds, offering most of the benefits of a new car without the drawbacks or compromising on quality.
We boast a vast inventory of over 1,000 vehicles varied in make, model and year and will work with you one-on-one to find the perfect car for you. Our maintenance team thoroughly repairs and refurbishes each of our models before listing them – including hybrid and electric cars – so customers can rest assured they’re receiving a pristine vehicle with few signs of wear and tear that will provide reliable transportation performance for many years to come.
We also offer a seven-day return policy and a 30-day / 1,000-mile warranty, so if you discover any issues with your purchase or are having lingering doubts about another model you were debating getting instead, you can rest assured that we’ll fix the problem promptly.
Finally, our certified pre-owned cars will not depreciate in value as quickly as new cars and come with flexible pricing. While interest rates are typically higher for used cars, our financing team will help you secure a favorable auto loan, leveraging our connections with lenders to craft a financing plan that suits your needs and budget.
Buy Fully Refurbished, Certified Pre-Owned Cars That Will Give You the Biggest Bang for Your Buck
At Easterns Automotive, with locations throughout the Washington D.C. and Baltimore areas, we’re dedicated to finding the right car for you at the right price. We’ve won DealerRater’s “Consumer Satisfaction Award” for seven years in a row for customer-focused service. Our team works hard to make good on our word that you’ll leave our dealership with a high-quality vehicle you’ll love.
Got questions? Don’t hesitate to reach out to our dedicated sales team and learn more about your options today.
