New or Used Car: Specialists Weigh In on Argentina's Current Market

The age-old question of whether to buy a new or used car continues to divide Argentinian buyers, with specialists offering varied perspectives. While new vehicles boast manufacturer warranties and attractive financing options, used cars present a lower initial financial barrier and the possibility of acquiring a higher-segment model within a similar budget. The choice ultimately hinges on the individual buyer's profile and priorities, according to Julián Lapido, Marketing Manager at Car One.

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Today the market offers opportunities for both those looking for a new car and those who prefer a used one, and the choice depends on the profile of each buyer.

Lapido highlighted that promotional rates, extended payment terms, and specific campaigns from manufacturers make purchasing a new car more accessible than in previous years. At Car One, he noted, financing was part of 33.9% of new car transactions over the past two years. However, the overall market has seen a slight downturn, with 292,558 new units registered in the first semester, an 8.75% year-on-year decrease.

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Promotional rates, terms, and terminal campaigns make accessing a new vehicle more viable today than a few years ago.

Alejandro Lamas, secretary of the Chamber of Automotive Commerce (CCA), believes there is still room for improvement in credit conditions, particularly for used vehicles. He stated, "Interest rates need to come down, and the age of vehicles for which financing is available should increase. We feel that rates are not keeping pace right now."

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In financing, rates need to come down, and the age of vehicles for which financing can be obtained needs to increase. We feel that rates are not keeping pace at the moment.

Despite these concerns, used cars retain significant advantages for buyers seeking immediate availability or a more premium experience. Lapido affirmed that used vehicles remain a competitive alternative for those prioritizing lower upfront costs or immediate acquisition. Lamas agreed, adding that the used market is particularly appealing for individuals accustomed to certain comfort or equipment features, enabling them to access higher segments within their budget. However, potential buyers must carefully consider the vehicle's overall condition, maintenance history, mileage, and associated transfer and repair costs.

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The used car continues to be a very competitive alternative for those who prioritize a lower initial outlay, immediate availability, or the possibility of accessing a higher segment for a similar budget.