When purchasing a car, one of your biggest decisions is whether to buy new or used. Both options have distinct advantages, and at Mike White Ford, we pride ourselves on assisting our customers in North Idaho to make the best choice for their needs and budget. Whether you’re considering the latest model off the assembly line or a pre-owned gem, understanding the various pros and cons will enable you to make an informed decision you will feel good about.
The Pros and Cons of Buying a New Ford
Pros of Buying New
- Cutting-Edge Features: New Ford vehicles have the latest technology, safety features, and performance enhancements. Whether EV, EcoBoost, or hybrid powertrain, equipped with Ford Co-Pilot360™ and advanced infotainment systems, a new car will provide the most modern experience with the latest bells and whistles.
- Warranty Protection: All new Ford models come with comprehensive warranties, giving you peace of mind for years. These warranties can reduce or eliminate the cost of unexpected repairs during the warranty period.
- Customization Options: Buying new means you can choose the exact color, trim, and features that suit your preferences.
- Longevity: A new car typically lasts longer, giving you more value over the long term, especially if you plan to keep the vehicle for many years.
Cons of Buying New
- Higher Initial Cost: New vehicles generally have a steeper price tag than their used counterparts.
- Depreciation: New cars generally experience a significant drop in value in the first year or two. If you plan to sell or trade it in within a short time frame, you may not recoup a lot of value.
- Insurance Costs: Since the value of a new car is higher, insurance premiums can also be more expensive.
The Pros and Cons of Buying a Used Ford
Pros of Buying Used
- Cost Savings: Used vehicles can be more affordable, making them an excellent choice for buyers who may want more features and options than their current ride, but aren’t as concerned with having the most recent model.
- Slower Depreciation: Much of the depreciation has already occurred, meaning your used Ford retains its value better over time.
- Lower Insurance Costs: Used cars generally have lower insurance rates, adding to their overall affordability.
- Certified Pre-Owned Options: At Mike White Ford, our Certified Pre-Owned (CPO) vehicles have undergone a rigorous inspection process that often includes replacing worn parts. CPO vehicles also come with limited warranties, providing added confidence in your purchase.
Cons of Buying Used
- Limited Features: Depending on the model year, older vehicles may lack the latest technology or safety advancements.
- Potential Repairs: While CPO vehicles mitigate this concern, used cars may require more frequent maintenance or repairs compared to new ones, and that cost should be factored in when assessing their affordability.
- Limited Customization: Buying used means you’ll have to choose from what’s available, which might not include your ideal color or feature set.
Think New Cars Are Out of Reach? Think Again!
Many buyers assume new cars are beyond their budget, but that’s not always true. Thanks to flexible financing options and competitive pricing at Mike White Ford, you might be surprised to find that a new Ford is within reach. With low-interest financing deals, rebates, or other promotions, monthly payments may fit comfortably into your budget.
Additionally, Ford frequently offers incentives such as cashback or lease offers on popular models like the Ford F-150, Escape, or Bronco Sport. If you’ve been dreaming of owning a brand-new Ford, stop by and talk to our finance team to explore your options. We’re here to make your dream a reality!
A Wide Selection of Quality Used Vehicles
If you’re looking for a pre-owned Ford, Mike White Ford has a robust inventory of used cars to meet your needs. From reliable workhorses like the Ford Super Duty to family-friendly SUVs like the Explorer, we have vehicles for every lifestyle and budget – even vehicles not manufactured by Ford. Our team carefully inspects every vehicle to ensure quality and reliability so you can shop with confidence.
For even greater assurance, check out our Certified Pre-Owned vehicles. These cars undergo a detailed inspection process and come with limited warranties, giving you a like-new driving experience without the price tag.
Visit a Mike White Ford Showroom Today
Whether you’re leaning toward a new Ford or a used one, Mike White Ford is here to guide you every step of the way. Our showrooms in Coeur d’Alene and Sandpoint, Idaho, offer an extensive selection of vehicles and a team of dedicated professionals prepared to help you find the perfect match.
Visit Mike White Ford today to explore our inventory and take a test drive. We’re committed to helping you make the best decision for your budget and lifestyle, and we’ll make sure you drive away with confidence, knowing you’ve made the right choice.