Buying New vs Used Car

Should I Buy a New or Used Car in Michigan?

Is a new car worth the much higher price tag over a used car?

It’s prudent to fairly compare when to buy new vs used cars. Pontiac Public Auto Auction has 5 financial pros for buying a used car.

1. Used Cars are Cheaper

Of course they are! You lose huge value when you take your new car off the lot. According to the Bureau of Labor Statistics, the average sticker price of a new car bought in the U.S. in 2023 has exceeded $49,000!

Maybe that’s your budget. But if it is, then a used car may be unattractive, but even if it is, you can save a lot of money and put that $49,000 to work in many ways.

For starters, the used cars on our lot will cost you a fraction of that, and I mean a fraction, perhaps a quarter, a fifth, or even less! And you’ll still get a quality car.

By the way, auctions can often outcompete used dealers, too. 😉

2. Used Cars Better Retain their Value

For decades, Michigan was the beating heart of the auto industry. We made value with our bare hands and shipped it everywhere.

We know what happens when a new car rolls off the lot. We know the difference between a new car that is poorly made and a used car that is pushing 200,000 miles.

Don’t think just because the car has the new car smell, the low mileage, and the warranty, that it is guaranteed to last.

A used car that has been loved, however, retains its value for years, no matter how many auction lots it leaves.

Pick up some “new car smell”, to complete the experience after winning the highest bid. 😎

By the way, did you know you can sell your car at Pontiac Auto Auction?

3. Lower Fees, Taxes, and Insurance Premiums

Buying a used car means lower purchasing fees, lower taxes, and, on average, lower insurance premiums.

So, a used car can be a short-term AND a long-term financial strategy, especially if you purchase a reliable make and model.

4. No Hidden Fees

We don’t have to tell you that hidden fees, just like hidden problems, are the worst.

When you bid at Pontiac Auto Auction, you can bid confidently that you know exactly what you are getting, from non-running garage projects to used cars with tens of thousands of miles still in them as soon as you get in the driver’s seat.

Check out our FAQs and fees.

5. Data Shows Used Cars Have Proven Themselves

When buying a used car, you want to see ALL the data. How many owners, how many accidents, was maintenance done regularly and properly.

Full inspections are always warranted. A new car won’t have data. Sure, you can find out if it makes the top 10 best makes and models, but a used car that has already put in a lot of work for others is hard to argue with.

Let’s be honest here, new cars break down too, and it usually feels worse than a clinker breaking down.

At our auction, you will save a lot of money, even in the long run, with a great used car over a new car. And you won’t be fooled.

Create an account today and start bidding!