As one of the most significant decisions you’ll make in your lifetime, purchasing a car is a very big deal! But before you choose red vs. blue, four doors vs. two, or even Pepsi vs. Coke, you should start with new vs. used. At Lawrence Chevrolet, we are your local automotive experts. And we specialize in helping our customers find the best automotive solution.

Because there are no one-size-fits-all solutions, we take a strategic approach of first getting to know you and your needs. Then we can confidently help you decide whether a new vehicle vs. a used vehicle would be best. In either case, we have the inventory and expertise to help you check all of the boxes. Don’t hesitate to reach out to us today for a personalized assessment. In the meantime, continue reading to learn more about choosing a new vs. used vehicle.

Why Buy a New Vehicle?

Purchasing a new vehicle means the car, truck, or SUV has never been sold and titled. While the vehicle may have a few miles on the odometer, it’s considered new as long as it hasn’t been titled. And when you go for a new vehicle, it opens the door to a host of attractive and enticing benefits. Some of the most prevalent benefits of purchasing a new vehicle include:

Money-Saving Promotional Finance Offers

When you purchase a new vehicle, you will most likely have access to an array of different financing options. If you’re looking for traditional financing, many dealerships are privy to special offers, such as 0% APR as well as offers like 1.9% APR. These special interest rates are typically not available on used vehicles.

You Can Lease a New Car 

Most new cars are eligible to be leased. A lease works similarly to a rental. While a traditional purchase requires you to pay the entire purchase price over a set number of years, you only agree to pay for the part of the vehicle you use with a lease. And this often means you can drive a nicer car for much less than you could via traditional financing. You’ll have a set number of miles allotted for you to drive as well as a predetermined number of years. And when you’re done with the lease, you simply return the vehicle and lease another or go a different route.

More Hassle-Free Shopping

Every new Chevrolet at Lawrence Chevrolet is in immaculate and perfect condition. This means you’ll never need to evaluate the condition of the vehicle.

Enjoy the Latest and Greatest Tech

When you purchase a new vehicle, you’ll open the door to the latest and most advanced technology on the market. This advanced technology means you’ll enjoy better gas mileage, lower emissions, state-of-the-art infotainment, and world-class advanced safety and driver-assist features.

Don’t Forget the New Car Smell

No matter how hard scent manufacturers try, it’s impossible to bottle up the nostalgic new-car smell. In fact, the only way to enjoy this aromatic scent is to purchase a new vehicle. While you may give it a chuckle, the new-car smell is truly a benefit of purchasing a new vehicle and can be the deciding factor for several buyers.

Considerations to Make Before Purchasing a New Car

While there are several reasons to purchase a new vehicle, it’s important to look at the entire picture. A few of the top considerations you should make before purchasing a new vehicle are listed below.

• New cars are more expensive. When compared to a used car of a similar ilk, the new car will usually be more expensive.
• New car depreciation. Most vehicles will suffer their greatest depreciation hit during the first two or three years. Afterward, however, the rate of depreciation tends to level off.

Why Buy a Used Car? 

If you’re looking for an economical path to vehicle ownership, a used car from Lawrence Chevrolet may be your best solution. We are home to an expansive selection of used cars, trucks, and SUVs from virtually all manufacturers. And in the rare event we don’t have the exact pre-owned vehicle you want, simply let us know. We can use our robust vehicle finder tool to locate the perfect solution for you. In either case, here are a few of the top benefits of purchasing a used car, truck, or SUV from Lawrence Chevrolet.

Save Money with a Quality Used Vehicle

Whether you’re on a tight budget or looking to get more bang for your buck, a used vehicle can check all of the boxes. Most of today’s newer used vehicles come loaded with many of the state-of-the-art technologies offered on newer vehicles for a lower price. As long as you’re fine with not driving a spanking new vehicle off the lot, a used car can open the door to a host of financial benefits.

Lower Insurance Rates on Used Vehicles

In addition to a lower sticker or purchase price of the vehicle, most used cars, trucks, and SUVs will have a lower insurance premium. Among other factors, one of the most important components of your insurance premium is the value of the vehicle. The more valuable the vehicle, the more it will cost to replace it, and the higher your premiums. Because of this, it makes perfect sense for used vehicles to lower insurance rates.

Resale Value Benefits

If you purchase a used vehicle, you may enjoy an excellent resale value later on. This means that you could potentially sell the vehicle for almost the same price you purchased it for.

Top Considerations Before Your Purchase a Used Vehicle

Although used vehicles can be cheaper and offer better resale benefits, there are a few considerations you should make before you decide on a used vehicle, such as:

1.  Reliability. Undoubtedly, the biggest disadvantage of purchasing a pre-owned vehicle is that it may not be as reliable as a new vehicle and it may need more repairs. However, if you’re looking for a used vehicle and concerned about reliability, the team at Lawrence Chevrolet offers a full suite of enticing extended warranties that can be catered to your unique needs.
2. You may have to compromise. With a new vehicle, you may be able to choose everything you want down to the color! And if the vehicle doesn’t exist in our inventory, we can usually special order it or find it at another dealership. This may not always be the case with a used vehicle. Although we can often initiate trades with other dealerships, if the used vehicle of your dreams isn’t available, you may have to compromise.

Contact Lawrence Chevrolet

Whether you’re looking for a new or used vehicle, the team at Lawrence Chevrolet can and will help.

Contact us today to learn more about finding the best new or used vehicle.