Price, quality, cost of ownership, financing, warranty - there are almost as many variables involved in the new car buying process as there are cars to buy. The benefits of buying a new vehicle may seem obvious, but it might be time to consider one of the many used vehicles that continue to be turned in from short-term lease programs. A quick analysis via our unique Perfect Car Finder will give you a list of both new and used cars that fit in your price range. You can also compare new and used cars side-by-side to further consider your choices objectively.

Consider every avenue of the vehicle purchase process before you sign on the bottom line.

Why Buy a New Car?

As for new cars, there's the pride of ownership and the car smell to attract you. But more importantly, by being the sole owner in the vehicle's history, you narrow the field of potential problems. Online pricing information along with details of the new vehicle options and specs let you know exactly what you're getting for the price of the vehicle. Also, there's a wealth of knowledge online and in magazines detailing the attributes of cars and trucks.

New cars carry lower interest rates in general. Of course, this is not an issue if you plan to pay cash for your next car, otherwise, it's a good idea to watch and compare bank rates for the best possible deal starting with Capital One, the nation's largest online vehicle lender.

Depreciation is another factor to consider. Although both new and used vehicles depreciate, a new vehicle depreciates the minute you buy the car.A car depreciate in value by 40% in their first 3 years.

Certified Pre-Owned

Manufacturers' certified programs have taken much of the risk out of used car shopping by offering excellent warranties on refurbished used vehicles. Only certain vehicles qualify for certification. Typically, the vehicle must be under five years old and have less than 75,000 miles on the odometer.

Familiarize yourself with the different certified and new car programs and you will be better able to make a decision.Manufacturers vary in how many points of the vehicles are reconditioned, but most put the vehicle through a complete check of all major systems. If you want to compare programs, you can visit IntelliChoice for a side-by-side comparison of the various manufacturers' certified programs.