There are multiple benefits if you choose to buy a used vehicle rather than a new one:
- The number one reason to buy used is of course price. Your dollar goes further. There are few new vehicles that can be purchased for $10,000 or less, whereas many newer used mid-range vehicles can be purchased for the same price. If you buy used, you do not have the depreciation of value after purchase often associated with new vehicles – an estimated 30% of the vehicles value over the first 2 years of ownership.
- You can get a vehicle history report to make sure it was not returned as a lemon or in a serious accident or flood in the past. This can help give you piece of mind that you are buying what you are told you are buying. Knowing it is not a lemon means you don’t risk the hassle of proving your vehicle is a lemon.
- Though you may not be able to pick everything on your vehicle, there is a large selection of models to choose from, especially in the tough economy. You may have to settle for a different color than you would prefer, but with the money you are saving, if it is that important to you, you can have it painted.
- Many manufacturers’ warranties can be transferred to a second owner for free or the option to purchase an extended warranty is available on used vehicle purchases. Certified pre-owned vehicles help ensure you are buying a well maintained and mechanically sound vehicle, meaning you should not have increased maintenance and repair costs just because you purchased a vehicle a few year old.