Why Buy a Used Car

 
ADVANTAGES OF BUYING USED

Price: Comparing apples to apples, a used car is going to be less expensive. The relative advantage of the used-car price can also allow a buyer to step up to a nicer model.

Depreciation: Vehicles lose value with each passing mile and month, but the steepest decline happens right away; some models can lose up to 40 percent or more of their value in the first year. With a used vehicle, there's no depreciation the second you roll off the lot. There's also less mental depreciation, no need to worry about the first parking-lot ding or rock chip in the paint because chances are the car's previous owner or owners took care of those for you.

Insurance Rates: Like financing, vehicle insurance rates will be affected by the age of a car, but in this case the used vehicle tends to be less expensive. A little bit of pre-purchase research will save you from insurance sticker shock, no matter which vehicle you choose.

Choice: Although you obviously can't build a used car to order, maybe you want a model, option package, or even wheel design that's no longer made. This wider selection can add to the length of the search, but perfection and satisfaction rarely come easily.

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