At Peake Federal Credit Union, we’re committed to helping you make informed decisions on your journey to financial wellness. If you’re in the market for a car, one of the biggest questions is whether to buy new or go for a certified pre-owned vehicle. Both options have advantages, but which is the better value for you? Let’s take a closer look.
New Cars
There’s nothing quite like that new car smell or knowing that you’re the first owner. Buying new means:
- Latest Technology – Technology, fuel efficiency, and safety features are all up to date.
- Full Warranty – Most new cars come with a bumper-to-bumper warranty for a limited time and the option to purchase additional warranty coverage.
- Customization – Choose exactly what you want—from color to trim to add-ons.
Certified Pre-Owned Advantages
Certified pre-owned vehicles hit the sweet spot between new and used. These are usually late-model, low-mileage cars that have:
- Undergone rigorous inspection and refurbishment by the manufacturer or dealer.
- Extended warranties often included
- Lower price tags than their new counterparts
In short: You get near-new reliability and peace of mind—for significantly less money.
Which is the Better Value?
If saving money and avoiding steep depreciation are high on your list, a certified pre-owned car is often the smarter choice. You’ll still enjoy many of the perks of a new car—without the premium price. If having the latest model or full manufacturer customization is essential to you, then buying new might be worth the extra cost—if you budget accordingly.
Peake is your Partner for Smart Financing
No matter which road you take, Peake Federal Credit Union is here to help you drive confidently and affordably. Our competitive vehicle loan rates and flexible financing terms are designed with your financial wellness in mind. Let us help you take the wheel! Ready to apply? Or, if you have more questions, contact Member Services at 410-828-4730, 800-234-4730 or memberservices@peakefederal.com.
