Should I buy a new or used car?

Last updated: January 1

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.

quality auto coverage starts here

When you drive with quality coverage, you drive with peace of mind. Allstate auto insurance can help you stay protected for wherever the road takes you.