Why Purchase Pre Owned?
If you are looking for a new vehicle and you’re not sure if you should purchase a new or used car, you may want to consider looking at the pre-owned inventory of your nearby dealership. There are quite a few good reasons for this, but one of the main reasons people look at used cars is due to their affordability over newer vehicles.
Purchasing a new vehicle is much more expensive than a used one. Besides purchasing a home, vehicles are usually the most expensive purchase you’ll make. Just like the old adage, new cars depreciate significantly in value the moment you drive them off the lot. A good rule of thumb to remember is that a new vehicle will lose at least 30% of its value in the first two years of ownership. That’s why pre-owned vehicles are much better bargains. Since someone else has purchased it new, they’ve had to eat the depreciation rather than you.
Because vehicles are being built more and more reliably, looking into used cars is a smart move. You can buy an older vehicle and still have the peace of mind that you’re vehicle will be a dependable one. With services like CarFax, you can look up your car’s owner history so you know exactly what your car has been through and who has owned it in the past. Furthermore, many dealers provide certification programs for their used vehicle inventory, so even when you purchase a pre-owned vehicle, you can have the peace of mind knowing that your vehicle is certified and if anything goes wrong, your dealership will take care of the majority of the issues.
New car purchases charge more on taxes than pre-owned vehicle purchases. Most states charge new car purchases state sales tax but those who purchase used vehicles aren’t subject to paying those. It pays to research your state’s laws on sales tax before you decide to purchase a new car.
If you’re shopping for a vehicle, then it pays to look into your local dealership’s used cars. You can save thousands of dollars and still find the car of your dreams.