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Should I Buy a New or Used Car?


You’re ready for a new set of wheels! Should you buy new or used?

The pros of new cars:

  • Instant status symbol
  • Fewer repairs
  • Easier shopping
  • More financing options
  • Automaker’s warranty on the first three years or 36,000 miles

The cons of new cars:

  • Higher price
  • Instant depreciation
  • Higher insurance premiums

The pros of used cars:

  • More affordable
  • Less depreciation
  • Lower insurance premiums
  • Lower total interest paid over the loan terms

Cons of used cars:

  • Complicated purchase, including a mechanical inspection
  • Fewer choices of colors and features
  • Risk of a defective purchase

Whichever choice you go with, let Coastline finance your next ride!

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