Buying a used vehicle is a great way to get the most bang for your buck. While there may be some advantages to buying a car new, there are also significant perks to buying used. For example, you minimize depreciation, save on insurance and other fees, and often get a wider selection of vehicles to pick from than if you opt for a new one.
It’s obvious that buying used will cost less than buying new, but not all car shoppers realize that those savings extend past the day you buy a car. Specifically, used cars depreciate at a slower rate than new cars, which means your car retains value over time. Some cars lose up to 40% of their value within the first three years, which means buying used can help you avoid this initial dip in value.
Insurance and Other Fees
Savings don’t stop at the dealership when you buy used. The lower price of a used car saves you money when it comes to insurance and registration. If a used car has less value, the insurance costs tend to be less. The same goes for registration in most areas—a car of lesser value will require lower registration fees.
Finally, buying used gives you a wider selection. Unless you’re willing to pay out the nose for a custom-built new car, a used car will give you more selection. That’s because you’re not limited to a single model year (like you are with a new car). In short, there tends to be more flexibility when buying a used car rather than a new one.
Visit us at JAB Automotive LLC today to browse our varied array of used vehicles on our lot; we’ll help you find an affordable model to suit your preferences and needs.