Should I Buy a New Or Used Car in 2021?

One of the main crossroads that many car buyers will face is whether they intend to buy a new or used vehicle. While both types of vehicles have their loyal shoppers, both new and used vehicles offer unique benefits that you can take advantage of today. Come with us as we explore the topic of buying new vs used cars, and help you decide which method is right for you.

Benefits of Buying New

A new vehicle is any car, truck, SUV, or other type of vehicle that has never been owned by someone else. New vehicles offer a certain peace of mind because they’re covered by a manufacturer’s warranty and are not overshadowed by the mystery of how their previous owner maintained them. New vehicles also offer the ability to order the exact configuration you want from the manufacturer, making it easier to drive the exact model that you’re looking for.

One of the major benefits of a new vehicle is that you can drive it while enjoying a lower monthly payment by leasing it. Leasing is the act of driving the vehicle for a few years and making monthly payments on its depreciation (plus a nominal finance fee). After the lease is over, you can either return the vehicle and lease a new one, or you can purchase it at its depreciated price.

The drawback with new vehicles is that they depreciate rapidly within the first five years of their life. This means that if you’ve financed your vehicle and want to trade it in after a year or two, you may find that the vehicle is worth less than you owe. This is called being “upside down”, or having negative equity. However, this is only temporary, and once you pay off your vehicle, it is yours to keep until you decide to trade it in for something else.

At Land Rover Ocala, we feature an array of new models for you to choose from. Browse our inventory and discover what is waiting for you here at our Land Rover dealership.

There’s Benefits to Buying Used

Used vehicles are vehicles that have been purchased or leased by someone and are now up for sale. Used vehicles can be just a few months old or decades old, and can have anywhere from a few miles to a few hundred thousand.

Used vehicles are often appealing to buyers because they can offer like-new quality, at a lower price. Because new vehicles depreciate so rapidly within their first few years of life, some savvy car shoppers are able to drive late model vehicles at lower prices, while also taking advantage of lower insurance costs.

The main concern that many prospective buyers express is a used vehicle’s history and future dependability. However, with a certified used vehicle program, like one offered at Land Rover, this worry is virtually eliminated. With each vehicle being thoroughly vetted and backed by an extended warranty and additional benefits for total peace of mind, buying a used vehicle has never come with so much assurance.

Discover what you can take home today and browse our certified pre-owned collection today.

Get Your Next Car From Land Rover Ocala

Whether you choose to buy new or used and whether you wish to lease or purchase, we at Land Rover Ocala are here to make the process easier for you. Not only do we feature monthly specials that help you save money on your next lease or purchase, we strive to make car shopping hassle free. Whether you need to see how much your car is worth, or you need a competitive car loan, make your way down to Land Rover Ocala and discover how you can save thousands.