Shopping for a vehicle can be an exciting experience and an overwhelming financial decision.
Do you opt for the brand new ride with all the bells, whistles, and peace of mind? Or do you make the financially conscious decision to go for the used car to help make a little less impact on your bank account and your anxiety?
Shopping–and buying–a car is a major decision. While the price tag is an important factor in car-buying, it’s not the only factor to consider.
Keep reading as we highlight what you should know before stepping foot on a car lot, and the advantages found in buying a new or used car!
How to Decide Whether to Buy a New or Used Jaguar
Shopping for a vehicle is about more than that new car smell or the power under the hood–it’s about being prepared and setting the right expectations for yourself.
From upfront costs to automobile insurance, here are some factors to consider before you visit a Jaguar dealership near you:
Your Budget
Establishing a budget helps you make a confident financial decision on a major investment. While knowing how much you can spend on the purchase price is important, look beyond the price tag to future hidden fees and expenses.
Annual registration fees, monthly payments, and insurance premiums can add up, so be prepared for both the cost to drive off the lot in your new ride and the cost of living with your vehicle.
Maintenance and Repairs
Whether you invest in a new Jaguar or opt for a used ride, your vehicle will likely visit our Jaguar service center at some point during your ownership. According to a study by AAA, routine maintenance costs and repairs for a new car come out to an average of $0.09 per mile. If the average person drives roughly 10,000 miles over the course of a year, you are looking at $900 worth of maintenance costs.
Automobile Insurance
When shopping for a car, we often focus our efforts on the latest tech in the cabin or the quality of the engine. We don’t think about how much the insurance will cost when we switch from our old vehicle to the new one.
If you find a vehicle–or two!–that you love on the lot, grab the VINs and call your insurance provider. They may be able to provide an estimated quote on auto insurance for each vehicle to help you make a more informed decision.
Advantages of Shopping for New Jaguar Vehicles
We’ve all been there–the enticing aroma of that new car smell, the mechanical peace of mind, and the warranties. There are many advantages to choosing a new Jaguar over a vehicle in our used inventory.
Customizations
The beauty of a new vehicle is that you can create a ride that is truly your own. Find yourself transfixed by the Firenze Red F-Pace? Looking for the convenience of hands-free technology found in the Jaguar I-Pace? Buying a new car means building it to fit your needs and wants, not just what comes standard.
Reliability
There is a special kind of beauty in being the first owner of a brand-new ride. Not only do you get the perks of a vehicle’s warranty coverage in those first few years, but you can have peace of mind that you won’t be spending a small fortune on unexpected mechanical failures.
The Latest Technology and Features
Buying a new Jaguar means fully enjoying the latest technology on the market. From “Ask Alexa” capabilities to the latest standard safety features, a new ride means better technology right at your fingertips.
Better Interest Rates on Jaguar Financing
New vehicles are worth more. Having not yet been hit by depreciation, you are more likely to walk away with better interest rates than you would with a used vehicle. Remember that, despite a lower APR, you may have a higher monthly payment.
We offer Jaguar finance services for those looking to get the best rates available, and to determine what’s best for you and your wallet. Visit our finance center today to discuss your options in more detail and get a tailored approach to your car-buying needs.
Benefits Behind the Wheel of a Used Jaguar For Sale
When we decide to opt for a used Jaguar over a new ride, it often comes down to price point. While a lower sticker price is eye-catching, there are some other benefits to choosing a ride from our used Jaguar inventory.
Lower Insurance Costs
Auto insurance is a must-have when purchasing a vehicle, but we often don’t factor in the price of insurance when we sign the dotted line at the dealership. Used cars often carry lower insurance rates, along with lower registration fees and sales taxes.
Not only do you save on the car’s sticker price, but you save more money over the lifespan of your vehicle.
Slower Depreciation
Depreciation refers to the gradual loss of value over the lifespan of an asset. According to Kelley Blue Book, a new car loses 20% of its value in the first year after its purchase. Within five years, its value drops to 60%. With the steepest decline in value happening the moment you drive a brand-new vehicle off the lot, you don’t have that with a used vehicle.
Unlike a new car that loses 20% of its value in that first year, a three-year-old vehicle may only lose about 10%, making it a more worthwhile investment.
More Options
While you can’t necessarily customize a used vehicle like you could a new model, you may have more options available to you. In our used Jaguar inventory, you may find a model, wheel design, or package that has since been discontinued. This gives you more options at your fingertips and more ability to find what is best for you and your needs behind the wheel.
Shop Our Inventory of New and Used Jaguar Vehicles to Find What Works Best For You–Only at Jaguar Livermore!
When it comes to buying a new or used Jaguar, the choice is personal. Only you can decide which is best for you, based on your budget, needs, and wants.
But that doesn’t mean we aren’t here to help you during the process!
At Jaguar Livermore, we aim to make the car-buying process simple and hassle-free. We will take your needs and wants into account as we guide you through our dealership and help you find which ride works best for you.
With ongoing Jaguar finance specials and a wide selection of pre-owned and new Jaguar cars, it’s easier than ever to leave our lot feeling confident behind the wheel!
Head on down to Jaguar Livermore today to explore our inventory, or talk to our Jaguar finance center to discuss your budget and options!