Advantages of Buying Used
Advantages of Buying Used
They say everything’s bigger in Texas; bigger, newer, better, greater in every sense. We typically think that when it’s time to change out our family car, we need bigger, better and, most importantly, new. Did you know, however, that Edmunds is predicting that in 2019, sales of used cars reached 41 million units, that’s up 800,000 on 2018. It should be enough to stop and make you think that perhaps you can do better when you buy used instead of new. In this article, we’ll explain some of the advantages of buying used cars over new ones.
- Big savings on sticker prices
The savings you can make on sticker prices when you buy used are the most obvious advantage. Never forget that a new car is a depreciating asset. It loses about 20% of its value in the first moments of driving it off the lot, and another 30% in the subsequent three years of ownership. This is where a used car buyer can swoop in. If you buy a 3-year-old vehicle, then it will only depreciate another 15-20% in the following few years. You avoid that expensive premium that new-car buyers will know all too well.
- Insurance costs
Another simple fact of life is that it’s just cheaper to insure used cars when you compare with new ones. The car is worth less, ipso facto your insurance premium needn’t be high because the risk to the insurer is much lower. Your premium can be as much as 15-20% lower on a used car, depending on your personal driving, accident and ticket history, of course.
- More bang for your buck
Did you have your eye on a new Jeep Grand Cherokee but could only manage the Laredo package? It’s a fine vehicle all the same, but wouldn’t you prefer an upgrade? When you opt for a used car, the same money you set aside for the Laredo might get you a much higher trim level. Talk about going bigger in Texas!
- The market has greatly matured
The days of the shifty used car sales lot are long gone. In the world where the used market lives or dies on its online reputation, the customer is king again. Consumers have choice, and dealerships are acutely aware of their competition. Used cars are rigorously inspected to be sure they are worthy of resale, and you can be confident that what you see on the lot is not just roadworthy, but rivaling even the new car in quality.
Make a saving for your family and consider a used car this year. There’s nothing wrong with springing for a new car if that’s what you really want, but you should know there are more choices out there, too. Pay us a visit here in Cuero and see our great deals on used Dodge, Jeep and Ram vehicles.