You enjoy many benefits when you buy a quality, reliable pre-owned vehicle that you may have never considered before. This post will explore various hidden benefits of getting a used car. So, you won’t end up spending more on a new car unnecessarily.
1) Used Cars are Less Expensive, and You Get to Save Money
You can purchase a high-quality used car for less money. If your budget is tight and a new vehicle is beyond your reach, a used car is a great money-saving option. It means that you will save more cash and put it towards other necessary expenses in your life. For example, you can save some money for rent or for medical bills.
You can also use the amount saved to cover other car-related expenses, such as paying for gas, purchasing insurance, etc.
2) You Can Get More for Your Money with Used Cars
Buying used can give you more bang for your buck. When purchasing new, the car depreciates in value as soon as you drive it home from the dealership. A new car loses about 20% of its value within the first year.
After five years, some models will only be worth 50% of what you paid for them. However, when buying pre-owned cars with low mileage, you can get more for your money.
3) You Have More Models and Years to Choose from with Used Cars
If you live in a large city, there is likely an abundance of options for finding used cars for sale. If you’re looking for the latest features, buying a pre-owned vehicle that is only two or three years old will give you more choices than purchasing new.
You have the freedom to get your favorite color, the features you want, and even a luxury brand. You also don’t have to wait after purchasing because dealerships immediately hand over used vehicles to their new owners.
4) You will Get Cheaper Insurance Coverage
The cost of car insurance can be a significant expense. When you purchase a used car, the type and age will determine your rate. Insurance companies consider how many miles were driven over the years, damage to the vehicle when it was previously owned by someone else, and even claims that may have been filed in previous accidents with this specific type of car.
By purchasing a used car, you will be able to get cheaper insurance coverage because the vehicle is older, and the vehicle’s overall value is a lot lower than a brand new vehicle.
You can find a certified pre-owned vehicle that fits your budget and has been given the certification seal to ensure it is in good condition. You can buy a used car with complete confidence at Feldman Chevrolet of Lansing, serving Grand Rapids, MI. Click here to check out our inventory of certified pre-owned vehicles today.
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