Sure, a new car stamped with 'next year's' date and a slightly sleeker look is what most people on the market for a vehicle look to first. More often than not, used vehicles are overlooked but pack the same, if not more, punch than the new vehicle. In fact, used cars hold more value than new as newer vehicles typically lose their value as soon as they're driven off the dealer lot.
Buying a Used Car Saves You Money
On average, used car prices are almost 50% lower than that of new car price tags. You'll be able to pay off the used car faster, which will save you a chunk of cash in financing fees. Plus, paying a smaller price tag on a used vehicle means you can potentially buy (another) nice vehicle for your next car purchase! And, you're likelier to get approved for an auto loan that you can actually afford as your target vehicles' price tag is much lower than that of a new car.
Depreciation Has Already Taken Place
New cars depreciate as soon as it's driven off the lot. The value of new vehicles can drop more than 10% on the drive home. That means if you paid $20,000 on the new vehicle, it's now around $17,800 off the lot. With used vehicles, the bulk of the depreciation has already taken place, giving it a better true car value.
No Exaggerated Fees
New cars often carry hidden fees like shipping charges, destination charges and more. A used car generally has no hidden fees.
Certification & Inspection
Certified pre-owned vehicles give used car buyers the peace of mind that they're purchasing a quality, thoroughly inspected car - which in itself is a bargain of it's own. These types of vehicles have been inspected, refurbished, and certified by manufacturer or other certifiable authority - which assure that the vehicle is high quality and operating properly. Read more about used cars from https://en.wikipedia.org/wiki/Used_car.
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