Should I Buy a New or Used Car?

When deciding whether to buy a new or used car, there are a few factors to consider. Purchase price, depreciation, upkeep, ownership length, and interest costs all factor into the decision. Certain vehicles depreciate more rapidly than others. A new vehicle generally has lower repair and maintenance costs, especially if the manufacturer offers a service plan. Lastly, new vehicle loan rates offered with new cars tend to be lower than for used cars.

The availability, qualifications and amounts of these discounts may vary from state to state. In addition, terms, conditions and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. In some states, we may offer discounts that are not listed here. For more information regarding your eligibility for these savings opportunities, please contact your Allstate agent.

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