Why Buy Used?
When buying a car, you want to make sure that you are getting a lot of bang for your buck, and with high inflation and prices for everything feeling overwhelming, vehicles are another expense that can feel out of reach to many people. The average suggested MSRP of new vehicles is about $34,874, according to YDC; however, prices often increase because of demand, so these vehicles can be sold even higher.
There is so much to consider when buying a vehicle, but by understanding the value of used cars, you can feel more empowered when making purchasing decisions and get more from your purchase. It may surprise you all the ways you can benefit from a used vehicle.
The top reason that people start looking for new cars is that they can pay less for their vehicles. There is no doubt that it is a huge relief when you do not have tons of money upfront for a car that will so quickly lose its value. Why spend more when you are not getting features that are worth tens of thousands of dollars more?
Reduce Vehicle Depreciation
You have probably heard that once you drive your car off the lot, it loses its value. Cars can lose around 20% of their value the second they are driven off their lot, which is a lot of money. New cars depreciate quickly while used cars do not see the same amount of depreciation because by the time you buy a new car, it has already lost much of its value. Remember that depreciation does not reflect the car’s driving value because new cars so quickly lose value, even when they have still got a lot of life in them.
Improve Insurance Rates
When you buy used, because the car is monetarily worth less, you usually get a lower rate of insurance, so you will end up paying less money. Of course, you will still want to research expected auto rates, but you can expect to have less expensive possibilities with a used car.
Better Dealership Fees
Dealership fees vary, but because the cost of used vehicles is lower, used cars come with relatively lower dealership fees. There will always be some fees that you will have to pay, but when you buy used, they pile up a lot less. These fees may seem minimal, but when making such a big purchase, any savings can make a noticeable difference. You can also avoid hidden fees that are common with new vehicles.
Reduce Your Risks
Gone are the days when used cars were big risks. Technology allows drivers to easily access the history of used cars to see info like accident history, how many owners there have been, mileage, and title status. With a used car, you do not have to worry that you are getting a car you can trust.
Expand Your Selection
By embracing older cars, you may be able to find a model that is better for you, even if what you want is no longer in production. There are still plenty of options to make you feel like you are getting exactly the car you are looking for.
Used Cars Can Still Have a Warranty
Some used cars may still have a factory warranty, so if something goes wrong with your vehicle, you still have some resources. You may also be able to choose extended warranties to get some level of protection for your vehicle.
Choose Trusted Used Cars
Lomira Auto wants to offer customers in and around Lomira and Neenah, WI, the opportunity to buy used cars that will give them trustworthy and affordable vehicles for whatever journeys life takes them on. Our dealership includes a range of vehicle types including trucks, SUVs, crossovers, and cars. We will help you find the car that suits your needs. We have been operating for more than forty years to help customers feel confident about their vehicle purchases.