Buying a new car is a huge investment, especially if that car is brand new! Literally as soon as you drive it off the lot, you take a 30 percent depreciation hit. If you are financing your car, this could immediately put you upside down. So what are the advantages of buying a used car? Continue reading to find out!
1. Save Money
Pre owned vehicles are much more affordable than brand new cars because someone already took that 30 percent depreciation hit. You could literally save thousands of dollars buying used rather than brand new. This also applies to used luxury vehicles. Here at Auto Center of Texas we not only have great quality used cars, but also have some luxury models that are at a great affordable price! So basically you can have the status a luxury vehicle projects, while still having an affordable car payment.
Used vehicles are also very reliable. Back thirty years ago, a car rusted and fell apart within ten years. Today however, the average car driven in America is 11.5 years old. This shows that modern day cars are built to last. If you bought a car that is four years old, you could save money and still expect it to have a long and reliable lifetime.
3: Great Quality
If you aren’t aware, leasing has become a huge trend within the past couple of years. This basically rents out the car to the “buyer” for three years. In that three year time, the car has to be kept in pristine condition and mile restrictions are implemented. After the life cycle of these contracts are up, the cars go back to the dealership where they await their new home. This is where you come in. This means you could literally get a car that is in “like new” condition for a fraction of the cost!
To wrap it up, the bottom line is that when you buy pre owned car you can get a lot more car for the dollar. Instead of taking that 30 percent hit, you can save your money while also driving a great quality car!