Should you buy a new or used car in 2022?
Should you buy a new or a used car in 2022?
There are many reasons why you may be in the market for a new car. Perhaps your commuting needs have changed, and you want to benefit from a different engine size. Maybe you want to convert to a hybrid or electric car. Or perhaps your existing car is coming to its end of life, and it makes financial sense to upgrade to a newer model.
Whatever your reasons, when it comes to changing your vehicle, one of the first questions to ask yourself is whether you should be buying a new or used model?
As a specialist used car dealer in Stockport, we are biased towards used cars. After all, used cars offer a great way to benefit from the latest technology and innovative engineering at a more affordable price. Unfortunately, new cars can lose up to 40% of their value within their first year, so it is easily understandable why many Manchester drivers choose to invest in second-hand cars.
But sometimes, the choice between a new or a used car isn’t just about affordability. There are many pros and cons to each decision.
What are the benefits of buying a new car?
There are many reasons why drivers may prefer to drive out of the showroom with a shiny new car. You can choose the make, model, and all of the additional extras that make a car unique. You can choose the colour, the trim, and even the interior stylings.
And these days, many manufacturers are offering long-term warranties that promise to fix any problems quickly and easily. So, with consumer choice and peace of mind, it’s easy to see the attraction to new cars.
What’s more, many businesses choose to invest in new-car fleets as part of their company car agreements with their staff. So, if you’re looking for a car for work purposes, it can be far more tax-efficient to purchase a brand-new make or model, especially if you are looking for consistency among your staff.
However, over the past two years, there has been a significant disruption in the supply chain regarding brand-new cars. Not only did the pandemic cause the manufacturing of new cars to come to a stand-still, but there is still a global shortage of semiconductor chips. These chips are used by leading manufacturers such as Ford, Toyota, and Honda to formulate the technology behind their vehicles, including brakes, transmission and ignition, safety measures, and lighting. As a result, new car orders take far longer to be shipped. This could cause issues if you are looking for a swift upgrade to your car.
Does this mean it’s better to buy a used car in 2022?
If price is the most important consideration, then it’s easy to see why motorists across Stockport choose to visit one of our four Dace Motor Group showrooms to see our stock of used cars. Thanks to our competitive pricing, we know that we can always offer an affordable deal whether you’re looking for a second-hand Mercedes-Benz, a used Audi, or a pre-loved Ford Focus. And with finance deals available on used cars, you can easily spread the cost over many years.
The benefit of buying a used car is that it has typically lost most of its value by the time the vehicle has filtered through to the used car market. Therefore, you could easily save many thousands of pounds by purchasing your dream car at three years old compared to brand-new. Of course, you may not have the same choice of look and style, and you cannot choose the luxury extras, but that doesn’t mean our trained sales staff can’t find what you’re looking for. If you have any specific requirements, please talk to a member of our sales team. We can use our network of UK contacts to find the exact specifications you are looking for.
As you can imagine, if the lack of new cars continues, we could anticipate a potential issue to arise in the supply chain for used cars. We’ve already noted that the shortage is causing many used cars to gain value rather than continue depreciating. So, drivers must continue to buy new models, which can filter through to the used car market.
Let’s take electric cars as an example. Many electric cars have only become popular and accessible in the last few years, and as drivers come to the end of their lease agreements, we will start to see far more choices in the used car market.
It should also be noted that these days, buying a used car doesn’t mean that you’re forgoing your warranty or that you risk buying an unknown vehicle.
The long warranty times for many used cars (often as long as five to seven years) may remain in effect, even if you buy the car second-hand. And if you purchase a used car through a reputable dealer group (like Dace Motor Group), we can provide you with peace of mind that your car is a high-quality vehicle. In addition, we can conduct a thorough check to confirm the mileage and owner history and make sure that it’s never been subject to any insurance claims or been reported stolen.
Dace Motor Group can help you to find the perfect used car for your needs
There are many reasons why buying new may be the best option for you, but there are also many benefits to purchasing a used car.
At Dace Motor Group, we have over six hundred used cars in stock at any one time, with new arrivals coming in every single day. This means that we can offer a huge choice of second-hand cars whatever your budget. Our prices are competitive, and our Dace Motor Group price promise means that you can feel confident that you won’t find a similar car available for less anywhere else.
Our approach is to work with our customers and help them find the exact make and model that they are looking for. Or, if you’re not sure what type of car you need, our trained sales team can make informed recommendations based on your driving needs, your lifestyle, and your budget.
Click here to browse all our cars for sale.