Things to consider when looking to buy a used car instead of a new one:
Jan. 30 2023
Buying Guide
- Cost: Used cars are generally less expensive than new cars, which can be a major factor for many buyers. Budget is often the first place to start when car shopping!
- Depreciation: New cars depreciate rapidly in value, whereas used cars have already gone through the majority of their depreciation.
- Variety: Used cars come in a wider variety of makes and models than new cars, as well as different trims, colors, and options.
- Savings on Insurance and Taxes: Insurance and taxes are often lower for used cars than new cars as the replacement value is higher in new vehicles.
- Car history: A used car will come with a CARFAX report, meaning potential buyers can check the history of the car before purchasing it. While the history of a new car will be unknown, you can assume that, being the first owner will omit and mechanical issues with the vehicle - but this isn't always the case! Sometimes, your brand new vehicle can be a lemon.
- Less commitment: Buying a used car is less of a commitment than buying a new one, and the loan term is often shorter, making it easier to get out of in the long run.
- A new car comes with a factory warranty, but a used vehicle typically will not. When buying used, we always recommend adding on an after-market warranty to keep you covered.
There are many things to consider when buying a vehicle, but it doesn't have to be scary! Let our team of helpful, transparent & friendly staff help you to make the best decision for YOU.