When it comes to buying your next vehicle, one of the first decisions that consumers need to make is whether it will be a used or new. There are pros and cons to both methods of vehicle purchase, and the one that is right for you will depend on many personal factors, such as your budget and your current and future vehicle needs. The differences between each method of purchase are less obvious than one would initially thing, but are important to know in order to make a fully informed decision. Here are a few differences between purchasing a used and new Chevy in Chicago.
Cost
With all other factors, such as make, model, and year, being equal, new vehicles are initially more costly than pre-owned ones. However, before you wind up making a final decision about which type of car to purchase, be sure to speak with sales staff and a financing department about the nature of your monthly payments. Depending on many other external things, such as dealer incentives and your own credit history, you may find that purchasing a new car will result in lower monthly payments spread out over only a slightly longer time period.
Insurance
The amount of your monthly insurance payments depends on your driving history and your credit history as well as the make and model of your current vehicle, and its primary purpose. In many cases, however, you will find that the nature of your insurance will change depending on whether or not you purchase a new vehicle. For example, many consumers find that their premiums on theft are higher with respect to a new vehicle, but their monthly payments are largely the same.
Lifespan
All other things considered equal, new vehicles will simply last longer than those that were pre-owned. However, depending on your goals and aspirations for the future, owning the same car for the foreseeable future may not be ideal. When you are making your vehicle purchase, think about your five year plan, and whether or not you can anticipate making another major purchase within that timeframe.
To learn more about purchasing a new Chevy in Chicago, contact Hawk Chevrolet Cadillac of Joliet at http://www.hawkchevycadillac.com.
