Buying New Versus a Used Infiniti M37

Summary

Purchasing a vehicle is a significant investment, whether you're a student, professional, or homemaker. The Infiniti M37, a luxury sedan, offers a compelling case for both new and used car buyers. This article explores the benefits and drawbacks of buying a new versus a used Infiniti M37, backed by data and expert opinions. Discover why this vehicle is worth your consideration and how to make the best choice for your needs.

The Case for a New Infiniti M37

Advantages of Buying New

1. No Previous Owners: One of the most appealing aspects of buying a new car is the assurance that there are no hidden mechanical or electrical issues. New cars come with a clean slate, free from the wear and tear that used cars might have experienced.

2. Lower Financing Rates: New cars often come with lower financing rates. According to Experian, the average interest rate for a new car loan in 2022 was 4.07%, compared to 8.62% for used cars [^1^].

3. Minimal Maintenance Costs: New cars typically come with minimal maintenance costs for the first few years. Most new vehicles come with a factory warranty that covers major repairs, providing peace of mind for the owner.

4. Factory Warranty: New cars come with a factory warranty, which can cover repairs for up to 5 years or 60,000 miles, whichever comes first. Some used cars may still be under warranty, but this is less common.

Interesting Stats

• Depreciation: New cars lose about 20% of their value within the first year of ownership and up to 60% over five years [^2^].
• Reliability: According to J.D. Power, new cars have fewer problems per 100 vehicles compared to used cars [^3^].

The Case for a Used Infiniti M37

Advantages of Buying Used

1. Lower Purchase Price: A used Infiniti M37 can be significantly cheaper than a new one. Depending on the year and condition, you can find a used M37 for as low as $10,000.

2. Depreciation: Used cars have already undergone the steepest part of their depreciation curve. This means they retain their value better over time compared to new cars.

3. Quality and Performance: The Infiniti M37 has consistently received high reviews for its performance and convenience. According to U.S. News & World Report, the 2013 Infiniti M37 ranks highly in the luxury midsize car category [^4^].

4. Recent Repairs: Many used cars have had recent repairs and maintenance to make them sale-ready. This can save you money on initial maintenance costs.

Interesting Stats

• Cost of Ownership: According to Edmunds, the five-year cost of ownership for a used Infiniti M37 is lower than that of a new one, factoring in depreciation, insurance, and maintenance [^5^].
• Consumer Satisfaction: The Infiniti M37 has a high consumer satisfaction rating, with many owners praising its reliability and performance [^6^].

Conclusion

Both new and used Infiniti M37 vehicles offer compelling benefits. New cars provide the peace of mind of a factory warranty and lower financing rates, while used cars offer significant savings and have already undergone the steepest depreciation. Ultimately, the choice depends on your financial situation and personal preferences.

References

[^1^]: Experian - State of the Automotive Finance Market [^2^]: Edmunds - Car Depreciation [^3^]: J.D. Power - Vehicle Dependability Study [^4^]: U.S. News & World Report - 2013 Infiniti M37 [^5^]: Edmunds - True Cost to Own [^6^]: Consumer Reports - Infiniti M37

By weighing the pros and cons and considering the data, you can make an informed decision that best suits your needs and budget.