Benefits of Purchasing a Used Vehicle

If you're on the prowl for a new vehicle and need more convincing that a used car is the way to go, here are seven compelling reasons to buy a used vehicle:

• Upfront savings: The most obvious advantage of buying a used car is the upfront price savings. If you're on a tight budget, you can get a lot more car for your money when buying a used vehicle. On the flip side, what you can afford when looking at new cars may not be an entry-level vehicle or the specific make and model you have your heart set on buying.
• Lower insurance rates: Although your car insurance payments are based on factors such as your driving history, the make and model of your car, and where you live, used cars typically cost less to insure than new cars. That's because used cars are worth less money and are cheaper to replace if they're totaled in an accident.
• Less depreciation: Depreciation is the loss in value of an asset over time. According to CARFAX data, a new car can lose up to 20% of its value in the first year. After that, the depreciation rate slows down, but it doesn't stop. In contrast, a used car has already experienced the brunt of its depreciation, so you can avoid that initial loss in value.
• Wider selection: When shopping for a new car, you're limited to the current model year available. But when you're shopping for a used car, you have a much wider selection of models to choose from. That's because you're not limited to the current year's models. You can shop for cars one, two, or even three years old. And, in some cases, you may even be able to find a used car that's a few years older than that.
• Certified pre-owned vehicles are an option: Many automakers offer certified pre-owned (CPO) programs that extend the warranty on late-model-used vehicles. These CPO programs give you many of the same benefits as buying a new car but at a lower price. So if you're looking for peace of mind, a CPO vehicle might be the way to go.
• Used cars last: A few decades ago, it might have made more sense to avoid buying used because these vehicles simply didn't last very long. But that's not the case anymore. With advances in technology and engineering, used cars these days are built to last. In fact, many used cars today have a lifespan of 200,000 miles or more. So if you take good care of your used car, it can last many years.
• Savings on sales tax: In some states, you must pay sales tax on a new car purchase. But in most cases, you don't have to pay sales tax when you buy a used car. So if you live in a state with a high sales tax, buying a used car can save you a significant amount of money.

As you can see, there are plenty of good reasons to buy a used car. So if you're in the market for a new vehicle, check out the used cars at Vaden Chevrolet Pooler.