New vs. Used Cars

new vs. used carsThe first decision you need to make when purchasing a car is whether you want something brand-new or something used. We’ll take a look at the pros and cons of each to help you decide which fits your lifestyle better.

New Cars

One of the most obvious benefits to new cars is the fact that it is new—you’ll be the first person to drive it and get to enjoy that alluring new car smell. New cars come with extensive warranties and are equipped with the latest technology and safety features.

While there not seem to be any downsides to new car, you do have to consider that they are more expensive than used cars and they lose a lot of their value through depreciation, especially in the first few years.

Used Cars

When considering a used car, you could save thousands off of the cost of a new car. You also avoid the major brunt of deprecation. Another benefit to buying used is the fact that cars are more reliable than ever. This means, that even though the car may be a few years old, you can depend on it to last for years to come.

Some of the downsides to used cars are the fact that you don’t know the car’s complete history and it won’t come with the most recent safety technology.

If you’re having trouble deciding where you sit in the new vs. used cars debate, come pay us a visit at Valencia Nissan. We have a full lineup of quality new Nissans and an ever-changing inventory of used cars.

Nissan and Mitsubishi Will Now Have a Much Closer Relationship

Nissan and Mitsubishi will have a lot more in common than both being Japanese companies. Early last month, Nissan purchased a controlling stake in the faltering Mitsubishi Motors.

According to Reuters, Nissan purchased a 34% stake in Mitsubishi, which translates to around $2.2 billion. This investment will help the now scandal-ridden Mitsubishi come out of a hole, but it is good for Nissan, too.

Nissan has been struggling to gain traction in Southeast Asia, which is exactly where Mitsubishi has some of its biggest sales. With this new partnership, Nissan should get a better foothold for its own products.

In addition, Nissan and Mitsubishi will now share and develop technology together, which will help both companies save money through purchasing, production, and cooperation.

At a joint press conference in Japan, Nissan Chief Executive Carlos Ghosn, said, “We are determined to preserve and nurture the Mitsubishi Motors brand. We will help this company address the challenges it faces, particularly in restoring consumer trust in its fuel economy performance.”

What do you think about Nissan purchasing a significant portion of Mitsubishi? Do you think this will help Nissan or hurt them in the long run?