Anyone who wants to get a vehicle without breaking the bank should consider buying used. There are several advantages to buying used models over new ones. And, with technological advances over the past few decades, it’s now easier than ever to know whether you’re getting a great deal. Not only can you compare pricing on various websites, but you can also access vehicle history reports and other vehicle info online to make sure you’re getting a great deal. These are just some of the many reasons to buy used.
Affordable Prices, Lower Depreciation
Used autos are usually more affordable than their new counterparts, but you’ll also save when buying used because you avoid some depreciation. Believe it or not, many new vehicles lose up to 40 percent of their initial value in the first few years. If you buy used, you avoid this initial depreciation. While all models lose value over time, used ones tend to do so at a slower rate. That means you get more bang for your buck when you buy used.
It sounds obvious, but you get more selection when you buy used because you’re not limited to a single model year. Unless you’re willing to shell out big bucks for a customized new model, you’re more likely to find something specific or unique when shopping used. Plus, with the money you save on the sticker price of a used vehicle, you can easily afford many aftermarket parts to personalize your ride.
Fees and Insurance Costs
In addition, many used autos will also save you money on fees and insurance costs. It’s true that some lenders will offer lower rates for new cars. However, because most used cars have a cheaper price tag, you’ll end up saving money in the long run. Insurance will also cost less if the car is more affordable than a new vehicle. Other fees like the registration will likely be lower, as well.
Stop by Pollard Used Cars to browse our current inventory of used vehicles. We’ll help match you with a model that suits your lifestyle and budget.