When you want a new car, you'll find plenty to choose from at Palm Springs Hyundai. But when you come down to our dealership, you may be surprised at all the pre-owned vehicles that we also offer. If you're searching for the best value for your money and make the right choice, you can discover the pros and cons of buying new vs used.

Why Buy New?

When you opt for a new car, you get the latest and the best of everything. The engine will have more power and greater fuel efficiency than earlier models, and you'll enjoy the latest technologies and the most protective safety features. Many of the newest advances will generally not appear on used versions until several years later.

You'll enjoy worry-free driving because your vehicle will still be under warranty. Every Hyundai gets a New Vehicle Limited Warranty that lasts for five years or 60,000 miles, a Powertrain Limited Warranty that goes for 10 years or 100,000 miles, and five years with unlimited miles of 24-Hour Roadside Assistance. You are also covered for normal, factory scheduled maintenance for three years or 36,000 miles. This complementary feature includes engine oil and oil filter changes, tire rotations, and a multi-point inspection, among other benefits.

Because manufacturers want to move as many of their new products as possible, they will offer special incentives that lower the new-car price to get you to buy. Financing is generally easier with many installment plans that are designed to fit your budget at the lowest interest rates.

The primary disadvantage of buying a new vehicle is price. The latest Hyundai will cost more than an earlier model, which equals more sales tax, higher registration and fees, and greater insurance premiums.

You must also contend with depreciation. Your vehicle will lose up to 20 percent of its value when you drive it out of our dealership. In another year, it may depreciate up to an additional 10 percent. 


Palm Springs Hyundai

3919 E. Palm Canyon Drive
Directions Palm Springs, CA 92264

  • Sales: (760) 202-8888
  • Service: (760) 202-8888
  • Parts: (760) 202-8888


  • Monday 8:00AM - 6:00PM
  • Tuesday 8:00AM - 6:00PM
  • Wednesday 8:00AM - 6:00PM
  • Thursday 8:00AM - 6:00PM
  • Friday 8:00AM - 6:00PM
  • Saturday 8:00AM - 6:00PM
  • Sunday 10:00AM-5:00PM

If you do not account for this loss of value in your financing, you may have negative equity: you'll owe more on your auto loan than your vehicle is worth. You will then find it more difficult to sell your vehicle or trade it in because any proceeds that you receive will not be enough to pay off the loan of the vehicle.

Why Buy Used?

If you decide to go with a preowned vehicle, you will do much better on price. Depending on the age of your purchase, you'll be able to afford a more expensive model or a higher trim level with better features. If the car is over a year old, most of the depreciation will already have happened with the previous owner, so it's less likely that you will have negative equity. The lower costs also means that you have lower sales tax, have lower registration and fees, and pay less insurance premiums.

As for disadvantages, you'll be driving somebody else's discard and cannot choose the color or options that you want on your vehicle. The technology will be older with safety features that are not as current. Many parts may be worn and you don't know by how much until they break down or until you get the vehicle thoroughly inspected by a professional.

Your primary concern with a used car is its reliability. You have no idea how the previous owner treated the vehicle and what problems may be hidden from your cursory inspection and test drive. However, if your used vehicle is a Hyundai and less than three years old, it will still have many of its new-car warranty. You'll also still enjoy complimentary maintenance.

Next Steps

If you have any questions about buying a new or used car, please give us a call at Palm Springs Hyundai. We can give you the answers and invite you down for a test drive. In the meantime, you can take advantage of our Shopping Tools, which let you pre-qualify for financing. By filling in an online form, we can check your credit score and background in advance and let you know what loan amount your qualify for you. You can then shop for vehicles in your price range.