5 Things To Know About Buying A New Or Pre-Owned SUV

Pre-owned SUVs

When it comes to pre-owned SUVs, your needs might focus more on budget and long-term reliability. It’s important to consider how much wear and tear the vehicle has experienced and if it can handle your specific driving habits. For instance, if you’re purchasing a used SUV for frequent travel or towing, be sure the vehicle has been well-maintained and that its performance history aligns with your intended use.

Regardless of whether you’re buying new or used, consider factors such as passenger capacity, cargo space, towing ability, and fuel efficiency. Knowing exactly how you’ll use the vehicle will help narrow your options.

2. Research Reliability and Maintenance Costs

One of the most important factors when buying any vehicle is reliability. SUVs, especially older or used models, can have higher maintenance costs compared to smaller cars. Therefore, it’s critical to do thorough research on the brand and model you’re considering.

New SUVs

If you’re purchasing a new SUV, you’ll benefit from a manufacturer’s warranty, which often covers major repairs for the first few years. You can also check reviews and reliability ratings from sources like J.D. Power or Consumer Reports to get an idea of the vehicle’s expected performance. Newer models tend to have the latest technology for improved fuel efficiency and fewer mechanical issues, but they can also have bugs with untested features, so researching feedback on the specific model year is important.

Pre-owned SUVs

For pre-owned SUVs, maintenance history is key. Check the vehicle’s service records to see if it has been regularly maintained. Look for a vehicle with a clean accident history and verify that it hasn’t been subject to any major repairs. Some brands, like Toyota, Honda, and Subaru, have a reputation for long-lasting vehicles, so buying a pre-owned SUV from these manufacturers might offer peace of mind. Certified Pre-Owned (CPO) vehicles, which come with warranties and undergo thorough inspections, are also worth considering for extra reliability.

Keep in mind that larger SUVs tend to have higher running costs, including fuel, tires, and regular maintenance. Consider these ongoing expenses when making your choice.

3. Fuel Efficiency Matters

SUVs are generally less fuel-efficient than sedans or compact cars, but modern advancements have improved fuel economy across the board. This is an especially important consideration given the rising costs of fuel.

New SUVs

New SUVs offer several options when it comes to fuel efficiency. Many manufacturers are now producing hybrid or fully electric SUVs, which can significantly reduce fuel costs and are more environmentally friendly. Even conventional gasoline-powered SUVs have become more fuel-efficient due to advancements in engine technology and aerodynamics.

When shopping for a new SUV, be sure to check the EPA mileage estimates. Some smaller crossover SUVs can get fuel economy numbers that rival midsize sedans, while larger, truck-based SUVs typically have lower MPG ratings.

Pre-owned SUVs

With pre-owned SUVs, fuel efficiency will depend largely on the vehicle’s age and the type of engine it uses. Older models typically consume more fuel than newer models with updated engine technology. However, this doesn’t mean you can’t find fuel-efficient options in the used SUV market. Many manufacturers started focusing on fuel economy in the early 2010s, and some hybrids were introduced during that time. Be sure to research the specific model’s fuel efficiency before buying.

If you plan to do a lot of driving or take long trips, fuel efficiency should be a top priority, as it will directly impact your running costs over time.

4. Know the Differences Between 2WD, AWD, and 4WD

Another crucial factor when buying an SUV is choosing the right drivetrain. SUVs offer various types of drivetrains, including two-wheel drive (2WD), all-wheel drive (AWD), and four-wheel drive (4WD), each suited for different driving conditions.

• Two-Wheel Drive (2WD)

2WD SUVs send power to either the front or rear wheels. Front-wheel-drive (FWD) vehicles tend to be more fuel-efficient and are great for city or highway driving, while rear-wheel-drive (RWD) options can offer better towing capability but are less suited for slippery or off-road conditions.

• All-Wheel Drive (AWD)

AWD is a popular option for those who face variable weather conditions, such as rain, snow, or light off-road trails. AWD systems automatically distribute power between the front and rear wheels, providing better traction without requiring driver input.

• Four-Wheel Drive (4WD)

4WD SUVs are designed for more rugged off-road use. These vehicles can manually switch between 2WD and 4WD and offer superior performance in extreme off-road conditions, such as muddy or rocky terrains. However, they typically consume more fuel and aren’t necessary for most daily driving conditions.

When choosing between these drivetrains, consider where you’ll be driving most often. If you need a vehicle for commuting, a 2WD or AWD model may be sufficient, while adventurers who frequently tackle off-road trails or tow heavy loads may benefit from a 4WD system.

5. Consider Depreciation and Resale Value

One often-overlooked factor when buying an SUV, especially a new one, is depreciation. All vehicles lose value over time, but SUVs tend to hold their value better than many other types of vehicles due to their continued popularity. However, it’s still essential to consider how well the model you’re purchasing retains its value.

New SUVs

New SUVs generally experience the most depreciation within the first few years of ownership—typically losing around 20-30% of their value in the first year alone. To mitigate this loss, research models that have high resale values. Brands like Toyota, Subaru, and Jeep often produce SUVs with strong resale value, making them good choices for those who plan to trade in or sell their vehicle after a few years.

Pre-owned SUVs

One of the advantages of buying a pre-owned SUV is that the initial depreciation hit has already occurred, meaning the vehicle will retain its value better than a brand-new one. However, it’s still important to choose a model with a good reputation for reliability and demand in the used car market. Checking sites like Kelley Blue Book can help you gauge how much your pre-owned SUV will be worth when it’s time to sell or trade it in.

In either case, purchasing an SUV with a strong resale value can save you money in the long run, whether you buy new or used.

Whether you’re buying a new or pre-owned SUV, understanding your needs, researching reliability, considering fuel efficiency, choosing the right drivetrain, and keeping depreciation in mind will help you make an informed decision. SUVs offer a unique blend of versatility, power, and style, but it’s essential to consider the long-term costs and benefits. With these five key points in mind, you’ll be well-equipped to find the perfect SUV to suit your lifestyle and budget.