Many people are hesitant to buy a used car because they believe it will be difficult to find a reliable one. However, buying a used car can be much easier than finding a brand-new vehicle which fulfills your needs. Used cars have many advantages in terms of cost, quality, and convenience.
This post will discuss these benefits in detail to help you decide if purchasing a pre-owned vehicle is right for you.
1) Lower Price
If you believe that making monthly car payments for a new car is too expensive, buying a used car is the best option. You can get a used car for even half of the price you would pay if you bought it brand new.
You don’t have to get a very old vehicle. Buying used doesn’t mean you are getting some junk or an antique. You can buy one that is only 3 to 4 years old, so you will pay less but still enjoy the features and benefits that new cars offer.
2) No Worries about Depreciation in Value
A new car typically depreciates 15% to 20% as soon as it’s driven off the lot and continues to lose value for a few years. A three-year-old used car might cost you 20-30% less than what was paid for it new because of depreciation. That’s a lot of money!
3) Your Taxes will be Lower
New cars can be subject to up to thousands of dollars in taxes and fees on top of the price you pay for the vehicle itself.
Therefore, buying a second-hand vehicle is not only financially beneficial but also tax-beneficial. Taxes are never fun, and they’re even worse when they take away your savings. If you don’t desire to pay a ton of money in taxes, purchasing a used car is your best option.
4) Cheaper Insurance Payments
If you were to get a new car, then your insurance costs would go up because insurance companies consider new cars as higher risk. If you want lower insurance payments and cheaper maintenance fees, purchasing used is the best option.
You can find many vehicles that are very affordable but still run smoothly. You can save yourself a good amount of money if you purchase them used. For example, certified pre-owned vehicles are a great option for those looking to save money on their next vehicle. They are thoroughly tested by dealerships and only certified if they are in great condition.
When you purchase a used car that is certified, not only are you saving money over buying new, but you’re also getting the benefit of an automobile that experts have approved. At Feldman CJDR of Woodhaven, serving Grand Wyandotte, MI, our certified pre-owned inventory is full of vehicles with high-reliability ratings, so there’s no need to worry about paying for costly repairs in the near future. Stop by today to learn more!
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