Benefits of Buying a Used Car
When shopping for a newer vehicle, odds are the first place you’ll look is the new cars a dealer has in stock. While buying a new car is nice and comes with the peace of mind that you’re the first owner, you shouldn’t avoid used cars altogether. Buying a used car has plenty of benefits that you won’t get with a new car. Most of these benefits will save you money in the long run, if not right away.
The first advantage to buying a used car instead of a new car is the price. A model year or two older will allow you to get most of the features in the newer model without paying the price. The lower price of a used car may also allow you to step up to a nicer car altogether. Odds are your monthly payments will be lower as well.
Cars tend to lose their value over time and high mileage certainly doesn’t help. As a result, many new vehicles lose about 40% of their value in the first year alone. This is called depreciation. Used cars don’t take a hit to their value when they roll off the lot because they’ve already depreciated from when the first owner drove away.
Like your monthly payment, your insurance rates will be lower due to the age of the car. Since the price of the used car is likely less than that of a newer model, it won’t cost as much to replace or fix if it’s damaged.
You can’t build a used car from the ground up and you can’t get the latest technology like you would on a new model. Instead, buying a used car opens up your options dramatically. You can take your pick from any year, make, and model. If you want a model that’s no longer in production, it’s all yours!
Buying a used car has its benefits! Shop our selection today and then stop by for a test drive. We are located at 634 Wabash Avenue New Philadelphia, OH 44663! The helpful sales team at Ferris Toyota would be happy to assist you in finding the perfect new car!