5 Reasons Why You Should Save Your $ and Buy A Used Car

Reasons Why You Should Buy A Used Car

Get More Bang for the Buck

Everyone wants the newest and latest models these days. The mindset "Newer is Better" isn't always true though. If you truly want the most bang for you buck on a new set of wheels, a slightly used vehicle could save you thousands of dollars. 

Depreciation 

For example you can find an earlier version of a used luxury vehicle for less than a new Honda sedan. Lexus, Jaguar and BMW can all be found for a fraction of the price when it was first introduced. Edmunds.com states that even buying a car one year old can save you 20-30% from depreciation. 

Examples: Lexus, mercedes-benz 

Mental Depreciation: Another bonus of a used car is that you often don't stress over the next microscopic ding or scratch. Chances are the previous owner already took care of that for you! 

Insurance

As insurance rates are affected partially to the year of the vehicle, any used vehicle purchase will save you money compared to a new sticker price with your insurance company. Car insurances also commonly pay only for what the car is worth instead of what you owe on them as well. With a new luxury car after a years worth of driving, chances are you're going to owe a lot more than what it's worth! 

Reliability

Consumers have demanded cars that have more reliability than in the past... along with everything else I suppose. Manufactures have continued to step up their quality in the past (Hyundai, Kia, Ford) to match with consumers wants and other competitors, all with a lower price as well. Some manufacture warranties may carry on to the used buyers, saving even more money with the purchase. 

Find What You Want

Years ago it was hard to find what you wanted among the car dealers. Rolling the dice and praying for a great car to fall in your lap. Today however, with the power of the internet you can find exactly what make, model, millage, year, sunroof options and more from the comfort of your favorite couch. This makes buying that perfect dream car of yours much more likely and easier too. With sites such as CarFax.com record exactly where the vehicle has been. Hunting for cars is now pressure free and more enjoyable then ever.