Why should you buy a new vehicle instead of a used one?

You'll learn nothing from the fact that there are both new and used vehicles on the market. However, if you find yourself weighing up the pros and cons of these two choices when you're looking for your next vehicle, it can be useful to know the advantages of a new vehicle, especially if you're considering a GM model. Here are a few reasons why.

Better warranty

One of the biggest advantages of buying a new vehicle is the warranty. New cars often come with a comprehensive warranty that covers you for several years or a greater number of kilometers. This warranty can be particularly advantageous because it gives you the peace of mind of knowing that you won't have to pay out of pocket for major or minor repairs during the warranty period. When you buy a new GM vehicle, you're protected for between 3 and 5 years or 60,000 km and 100,000 km, depending on the warranty, whereas a used vehicle, even a more recent model, often has one or two years less protection and tens of thousands of kilometers less.

Better interest rates

Dealers and manufacturers often offer lower interest rates on car loans for new vehicles than for used ones. These lower interest rates can save you a considerable amount of money over the life of the loan, especially now when interest rates are rising every month. You'll find rates of 3.9% or 4.9% on new GM models. You'll never see such low rates on a used vehicle, especially now. 

Lease option

When you buy a new vehicle, you also have the option of leasing it rather than buying it. Leasing offers several advantages, including lower monthly payments and the possibility of changing cars after three or four years to keep up with the latest technology and performance without suffering depreciation.

Cutting-edge technology

The latest models often come with the latest technological advances and the best safety features. Whether it's a better infotainment system, driving aids or advanced connectivity options, a new vehicle will probably offer you more than its used counterpart. A good example is GM trucks. In particular, the new Sierra 1500 and Silverado 1500 offer a 100% digital instrumentation package as standard or optional, depending on the model. What's more, these trucks have gained in towing capacity in recent years. In short, when you buy a new vehicle, you get more technology, features, comfort, efficiency and performance.

Resale value

Although a new vehicle is subject to depreciation as soon as it leaves the dealership, newer models often have a better resale value in the future than older models due to their advanced technology and enhanced performance. This can offset higher initial costs and give you a better long-term return on investment.

Greater selection

By opting for a new vehicle, you'll have access to a wider choice of models, colors and customizable features. You can choose every aspect of your vehicle, from the type of wheels to the smallest interior details, so that it's exactly what you want.

If you're in the market for a new GM vehicle, seriously consider the advantages of buying a new model. With a better warranty, lower interest rates, the option of leasing, and other benefits like advanced technology and better resale value, a new vehicle can often be a better long-term investment.