
When it comes to car buying, one of the most significant decisions you’ll make is whether to go for a new or used vehicle. There are benefits and drawbacks to both options, and understanding the financial impacts of each is crucial to making an informed decision.
Buying a New Car |
Buying a Used Car |
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Advantages |
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Drawbacks |
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Regardless of which option you choose, it’s important to weigh the benefits and drawbacks of each. Consider your financial goals, budget, and needs both now and in the future as you make your decision. If you’re interested in a new car loan, Allegacy offers up to 100% financing, competitive rates, an affordable monthly payment, and a fast loan approval process. The credit union auto loan can be paid off through payroll deduction or automatic draft, and there’s a 60-day approval period. If you prefer buying a used car, Allegacy also offers used car loans with competitive interest rates for qualifying buyers.
Need help deciding? Allegacy has auto loan calculators to help you estimate payments based on the chosen vehicle, loan term, and credit score. You can also schedule an appointment with Allegacy’s auto loan team to discuss the financing options available, including credit union auto loans and new car loans.When purchasing any car, it’s essential to do your research. With the help of Allegacy’s resources and expertise, you can make an informed decision on whether a new or used car is the right financial choice for you.