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Picking out a new vehicle for yourself and your family can be a daunting task. There are many options available to consumers in both the used and new market. Here are some things to consider before making your decision. Price Last year, over 54,000,000 automobiles were sold in the United States. Of these, 14,000,000 were new and 40,000,000 were used. New models sell for over $32,000 on average, compared to $15,000 for those that are used. The average cost for an automotive repair last year was nearly $370, which is generally irrelevant for a new car, as it is under warranty. The average price of vehicle insurance was nearly $1,000 a year, although new models often had rates significantly higher than that. Reliability There are more than 250,000,000 vehicles operating on U.S. roads as of this year. On average, these models are over 11 years old. Since the U.S. started tracking this statistic in 1995, the average age has increased every year. Simply put, people are driving their autos for longer because they are more reliable. Competition between foreign and domestic automobile companies has gifted consumers with a large selection of reliable models. If you perform your due diligence, there is a great chance that you can find a very reliable model in the used market. However, to be 100% sure that your vehicle has no hidden issues, a dealer with new cars for sale is your best option. Depreciation The average new vehicle loses nearly 10% of its value the instant it is driven off the dealer's lot. After a full year, the number is closer to 15%, and after four years, it is over 50%. The average owner of a new auto will drive it for seven years before selling it, compared to five for a used owner. So if you generally sell your vehicle after only a few years, buying used makes the most financial sense. If you hold on to your auto for many years, a new car is the best option. Market Availability When purchasing a brand new model, the only place to buy it is from a new auto dealer that has those particular cars for sale. When buying used, not only can you buy from a dealership, but you can also purchase from a used automobile lot, the online classifieds, and from individuals. This gives those in the used market a greater selection from which to compare prices before making a decision. In conclusion, there are a lot of pros and cons to weigh when considering new and used cars for sale. New vehicles offer guaranteed reliability with a warranty; however, they depreciate more quickly. They also cost more to purchase and insure. Used autos can also offer reliability, if properly cared for, and depreciate at a much slower rate. They are cheaper to buy and insure; however, an owner must take potential repairs into consideration. Both options offer the consumer a good chance at finding a great vehicle. When seeking cars for sale in Lansing, MI, learn more by visiting http://www.budkoutschevy.com/searchnew.aspx.
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