When it’s time to buy your next vehicle, one of the biggest decisions you’ll face is whether to go new or used. There’s no one-size-fits-all answer—each option comes with its own set of benefits, trade-offs, and financial considerations. So how do you decide what’s best for you?
At Summit Auto Sales, we help Utah drivers make this decision every day. Here are the top factors you should consider before making your choice:
1. Budget: What Can You Comfortably Afford?
Used Cars:
Used vehicles are typically much more affordable than new ones. Not only is the sticker price lower, but so are the registration fees, taxes, and insurance rates. You might even be able to pay cash or make a smaller down payment.
New Cars:
New cars come with higher price tags, but they often qualify for better financing rates and incentives. Just keep in mind the total cost—including interest, taxes, and fees.
Pro Tip: Set a realistic monthly payment range and include insurance, fuel, and maintenance in your calculation.
2. Depreciation: How Quickly Will the Value Drop?
Used Cars:
Most depreciation happens in the first few years. When you buy used, the previous owner has already taken the biggest hit in value, meaning your vehicle will hold its value longer.
New Cars:
A new car can lose 20–30% of its value in the first year alone. If you plan to sell or trade in within a few years, this is something to think about.
3. Maintenance & Repairs: What Are You Willing to Deal With?
Used Cars:
Modern used cars can be very reliable, especially if they’ve been well-maintained. Still, older cars may require more upkeep or repairs as time goes on. Look for certified pre-owned (CPO) vehicles for added peace of mind.
New Cars:
New cars typically come with full warranties and require little maintenance early on, which can save money and hassle for the first few years.
4. Warranty Coverage: How Important Is Peace of Mind?
Used Cars:
Unless you buy a CPO vehicle or purchase an extended warranty, coverage may be limited. Always ask about a vehicle history report and service records.
New Cars:
All new vehicles come with factory warranties—usually 3 years/36,000 miles or more. Some brands also offer free scheduled maintenance for a limited time.
5. Technology & Features: Do You Want the Latest Tech?
Used Cars:
Used vehicles may not have the newest tech like wireless charging, driver-assist features, or advanced infotainment systems—but you can still find models with plenty of comfort and convenience.
New Cars:
If cutting-edge safety, fuel efficiency, or in-car tech matters most to you, a new car will usually have the upper hand.
So… Should You Buy New or Used?
Here’s a quick breakdown:
| Scenario | Best Choice |
|---|---|
| Tight budget | Used |
| Want latest tech & warranty | New |
| Plan to keep car long-term | New or CPO Used |
| Want to avoid fast depreciation | Used |
| Value peace of mind with low miles | New or CPO Used |
Let Us Help You Decide
Still not sure? At Summit Auto Sales, we offer a wide selection of both quality used cars and low-mileage certified options that feel brand new—without the new car price. Come visit us in Pleasant Grove, or check out our current inventory online.
Whether you go new or used, we’ll help you find the right vehicle at the right price.
Need help finding your perfect match?
Contact us today or swing by for a no-pressure test drive!