Should You Buy a Used or New Chevy? 4 Things to Consider

Are you looking to buy a Chevy but can’t decide whether to go new or used? Both options have their perks, so it’s best to think things over before visiting your Chevy dealer.

Budget and Financing Options

Buying a new Chevy demands big bucks upfront. You may need to take out a sizeable loan to drive off with your new, shiny ride, so consider your budget and how much you can comfortably afford for car payments every month before opting for a new Chevy.

If finances are tight or your credit can’t support huge financing, you should consider buying a used Chevy. Used vehicles are cheaper, which can be a great financial move. You can also apply for used car financing at your dealer, allowing you to spread out payments over time.

Estimated Ownership Period

Are you planning on swapping cars in a couple of years, maybe two or three? Buying used will save you money lost to depreciation. New cars can lose 20% of their value in the first year and up to 40% by the fifth year.

Only buy a new Chevy if you plan to drive it for at least three years. Otherwise, opt for a used vehicle. Once the initial owner takes the initial depreciation punch, you will buy the vehicle at a lower price and get value for your money.

Must-Have Features and Tech

Are you eyeing the latest features and technologies in Chevy cars? Buying new allows you to enjoy the newest features the brand has to offer. These include advanced infotainment systems, upgraded comfort features, and driver assistance tech.

You can also explore newer used Chevys, which come with modern features without a hefty price tag. If you are just looking for a solid car for daily commutes and occasional trips, opt for older models, as they are cheaper.

Reliability and Coverage

Buying a new Chevy brings peace of mind and financial security. New cars rarely have mechanical issues, but should a problem arise, Chevy’s factory warranties will cover the costs of replacing the defective components.

Buying used comes with the risk of ending up with a defective vehicle. Luckily, you can prevent this risk by buying a high-quality used or certified pre-owned (CPO) Chevy from the dealership. CPO Chevy cars even come with a 12-month/12,000-mile warranty.

Consider these issues when deciding whether to buy a used or new Chevy. Swing by Heartland Chevrolet in Liberty, MO to explore our inventory of new, used, and certified pre-owned vehicles.

Tags: new chevy cars, used chevy cars
Posted in Liberty Chevrolet Dealer | No Comments »