Purchasing a new vehicle is an exciting experience. However, with so many vehicles on the market, it can be hard to choose the right one to fit your needs. Here are some things to keep in mind when you’re trying to decide between a larger vehicle and a compact one.
Compact Cars
Compact cars are larger than a supermini but smaller than a mid-sized vehicle. Generally, cars like the Mazda3 and Honda Civic are classified as compact cars. The price of a compact car depends largely on the brand. However, you can expect to pay anywhere from $17,000 to $23,000 for a new compact car. There are many advantages to purchasing a compact car. To begin with, compact cars are relatively affordable. If you are on a tight budget but need a reliable vehicle, a compact car is generally a great option.
Another advantage of compact cars is that they are fuel-efficient, which means you can save money on gas. Similarly, owning a compact car also means you can save money on maintenance because these types of vehicles require smaller engines and usually come as a 4-cylinder.
There are a few disadvantages to consider with a compact car. Compact cars often have less horsepower, so it takes longer to increase speed. Along with this, riding in a compact car can be more dangerous if you get into a car accident because the impact will affect a compact car more severely than a larger vehicle. Another thing to consider is if you have a large family or expect for your family to grow. A smaller vehicle has less room for people to ride in, and you may find yourself upgrading to a roomier vehicle sooner than expected.
Larger Vehicles
When you think about larger vehicles, you probably think about sport utility vehicles. An SUV is defined as a motor vehicle that combines elements of road-going passenger cars with off-road vehicles. There are a number of common full sized SUV models, like the Chevy Traverse and the Toyota Highlander. The price for large SUVs ranges greatly from roughly $31,000 to more than $75,000.
One of the main benefits of owning an SUV is that these vehicles have an advantage when it comes to safety because of their sturdy build. Another advantage of an SUV is its towing capabilities. Whether you need to tow a boat or trailer, many SUVs have the horsepower to carry these large items safely. What’s more, the size of SUVs makes it easy to transport larger families.
While SUVs have great capabilities, they also have a few disadvantages to consider. For instance, the cost of fuel can be expensive. SUVs burn gas a lot faster than smaller cars. Additionally, you can expect your insurance rate to go up with an SUV because they may have an increased risk of accidents.
Purchasing a vehicle is a rewarding experience, but finding the right vehicle to meet your needs can be stressful. Both compact cars and larger vehicles are reliable options. If you’re in pursuit of a new vehicle, it’s important to consider your needs and have a clear understanding of your budget.
Need auto insurance? Give us a call.