When the time comes for you to replace your current car, the question becomes; should I buy a new Chevrolet or a used one?
The answer depends. There are sound reasons why both options are good ones. When answering the new vs. used question, everyone must examine his or her particular circumstances. There is no such thing as “one size fits all” when it comes to buying a car in Bolingbrook.
There is one very important common denominator. Regardless of whether you buy a new car or a used car, do not buy it based on how much you think you can afford monthly. If you use this as your criteria, you will invariably end up buying too much car.
A few questions must be answered.
What Do You Have in the Way of Down Payment?
With a good credit score, it is possible that you can buy a new car with minimal down payment. Dealers in Bolingbrook often can offer buyers certain incentives that they cannot offer to used car buyers. These incentives can be in the form of rebates, better financing, as well as cash incentives.
If you wait for the right opportunity to come along, you may be able to purchase a new Chevrolet with sufficient incentives to cover the expected down payment.
Would You Rather Someone Else Takes the Depreciation Hit?
It is no secret that cars depreciate. A typical new car, after three years, is worth, on average, 40 percent less than you paid for it. Most people realize that a car is just a car. A car is not your BFF nor is it an investment.
Because of the depreciation, it makes a lot of sense to buy a certified pre-owned Chevrolet. CPO cars are low mileage and have been well maintained. The dealer has checked them from bumper to bumper; they are as close as possible to new car condition, and, for considerably less money than a comparable new car.
These are two considerations; only you can decide whether you should buy a new Chevrolet, a certified pre-owned car or a used car in Bolingbrook.
