New versus Used Cars from Car Dealerships in El Paso

Whenever you are in the market for a new vehicle, one serious question you have to answer is whether you should purchase a brand new car or choose from a new “used” vehicle. There are advantages to both options, depending upon the reasons why you need a new vehicle. Take the time to explore your options before visiting car dealerships in El Paso to start shopping for your next new or used car.

Benefits of New Vehicles

1. Option to lease instead of buy. All new cars have a lease option where you essentially rent the vehicle for two or three years, instead of being stuck with loan payments for five or six.
2. Competitive prices. Most El Paso car lots offer competitive prices on new vehicles allowing you to negotiate a great price on a new car.
3. The new car smell. Even though it should not be a requirement for purchasing a vehicle, some people just like the way a new car smells.
4. Longer loan periods and better interest rates. Most car lenders allow you to finance a new car for up to six years, now, at lower interest rates compared to used car rates.
5. Better fuel efficiency. Most manufacturers are continuing to improve fuel efficiency every model year, so a new car could save you money at the pump.
6. Better trade-in value. If you intend to keep the car for five or six years, or longer, the trade-in value is typically higher than with a used vehicle already a few years old.

Benefits of Used Vehicles

1. Lower prices than new cars. Used cars are normally several thousand dollars or more—less than a new vehicle.
2. Shorter loan periods. Used cars have shorter repayment periods than new cars. This is ideal if your goal is to pay the car off in three or four years.
3. Variety of makes and models. You have more flexibility to choose from a variety of model years and makes beyond the brand offered at the El Paso car dealership.
4. Lower vehicle depreciation. The original owner already took the largest portion of the vehicle’s depreciation, meaning the car will not depreciate as fast as it does when it is brand new.
5. Avoid paying certain dealership fees. New car manufacturers normally charge a delivery or documentation fee to the dealer, which is passed along to the buyer. With a used car, the fee was already paid by the original owner.

A third option to consider is a certified preowned (CPO) vehicle if you are torn between purchasing brand new and used. CPO models are a few years old, have been factory reconditioned, and include any remaining original manufacturer warranties. Stop by Integrity Kia today, or call 915-856-2982 to learn more about the benefits of buying new, CPO, or used, with friendly and helpful assistance in choosing the best option.

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