Benefits of Buying Used

May 17th, 2022 by

Looking for a new ride? Purchasing a car is something that many auto buyers struggle with when they want to get another vehicle since there are so many options available to them: buying a brand-new vehicle, leasing a vehicle, or buying a used car. A vehicle is probably the second highest purchase you will ever make in your life, with your home being the first, so it makes sense to want to get this purchase right.

When it comes to buying a vehicle, there are advantages and disadvantages to purchasing both new and used. With that being said, we are here to give you some of the most common reasons you should buy a used car here at Buchanan Auto Park.

Save Your Hard-Earned Money

When you choose to purchase a used vehicle instead of a new one, you will save money in several different ways. Not only will you save money off the vehicle’s sticker price, which means less money being made on a car loan payment each month and less money being paid down on the purchase, but you will also save money in terms of auto insurance and fees.

Less Depreciation of Value

Did you know that new cars will lose thousands of dollars in value as soon as they are driven off of the dealership’s lot? It’s true. New cars will depreciate incredibly quickly. Within just three years, a brand-new vehicle will lose roughly half of its value. Since a used car has already depreciated significantly, you will ultimately be in a better position for an auto loan.  

Get a Luxury Vehicle

A brand-new luxury vehicle can cost quite a pretty penny, but you may find that you can afford a used luxury vehicle. This allows you to get the type of luxury vehicle you want without breaking the bank. In many cases, you can pay the same price for a used luxury vehicle, such as a BMW, Lexus, or Mercedes, as you would if you were to purchase a brand-new similar vehicle by makers like Toyota and Honda.

Gain Access to Easier Financing

It is much easier to get financing for a used vehicle than it is for a brand-new vehicle. This is because there is less risk if you fail to make your loan payments. If you have less-than-stellar credit, it is still possible to gain auto financing for a used vehicle. In some instances, you may just need to put a little more down. Various dealerships, including ourselves, offer low down payment options for used vehicles.

Greater Peace of Mind

Years ago, purchasing and driving a used vehicle carried a certain stigma, leading to car buyers viewing used cars as a high risk. However, thanks to vehicle history reports, this stigma no longer exists. Vehicle history reports offer car buyers access to the ownership of the vehicle, title status, accident history, mileage, and much more.

Buy Certified Pre-Owned

If you are concerned with hidden issues with a used vehicle, buying a certified pre-owned vehicle is a great option. While you will still save significant money, you can rest easy knowing that you have a vehicle that meets certain standards set forth by the manufacturer. These vehicles also carry a certain level of guarantee against potential defects, which is very similar to that of a warranty that you would receive with a brand-new vehicle. These reports can be accessed from companies like Carfax.

Ready to Buy a Used Car?

Buying a used vehicle is a great way to get a quality vehicle at a fraction of the cost of a brand-new one. You won’t spend as much on your down payment, monthly loan payment, auto insurance, and registration fees, but you can still rest easy knowing that you have a good vehicle.

Here, at Buchanan Auto Park, we offer a variety of pre-owned used cars for sale. Our used vehicles undergo rigorous testing to ensure they are road-ready before they are put on the lot available for purchase. Consider browsing our used car inventory on our website or just stop by the Buchanan Auto Park lot in person to view the used vehicles we have available and take one for a spin.