Many people usually advise you to buy a used car instead of a new one. This generally is a good idea because cars tend to depreciate fast. Buying a new vehicle comes with its fair share of advantages.

One of the biggest advantages of buying a new car is that you get a full warranty. This way you can be aware of whether the car is covered and for how long. This is also good because the warranty will ensure you do not pay anything much in terms of maintenance for the first two years. New cars generally come with what is called a bumper to bumper warranty.

A bumper to bumper warranty covers either 36,000 miles or a span of three years, whichever the owner arrives at first. Some warranties extend much more. They give the owner of the car either 100,000 miles or 10 years, whichever comes first. To add to bumper to bumper warranty, which takes care of all essential maintenance, repairs, and parts, you can extend the original time or miles on your warranty to ensure that the car is well taken care of at an effective price.

Another advantage of buying a new vehicle is that banks in the country are willing to provide loans for new cars as opposed to old cars. New cars are naturally valued at a higher price and therefore can give more collateral. New cars also break down lesser than used ones. Once a car stops working, people usually stop making payments to the bank and the banks tend to lose out. For a used car, interest rates are often as much as two points higher.

A significant advantage of buying a new vehicle is that you are fully aware about the vehicle. When you buy a used car, its treatment, how it was driven, and its accident history are all taken at the previous owner’s word. This, in turn, largely affects the reliability factor of the car.

Knowing that your car is new and fresh out of the factory hugely increases your confidence in it because you know that it is dependable. Since safety is a priority in today’s cars, the standards of reliability are exacting and precise in new cars. While saving money by buying a used car is important, what really matters is safety.

Another advantage of buying a new car is that there is nothing like a new model with the latest technological features if you are a lover of cars. Even a period as small as a year or two can affect the features of a car, and set you back in terms of innovation and technology in vehicles. For all the money you will save on a used car, it is important to understand that the progress in technology in the making of cars is absolutely worth the price.

Buying a new vehicle also affords you the freedom of choice from a vast variety of makes and models. The kind of market condition also gives you more leverage, enabling you to get a car at the best price possible.