When buying a car, most people think about purchasing a new vehicle. However, there are a lot of benefits that come with buying a used car, but those benefits might not be as well-known as the drawbacks.
This post will discuss why you should consider buying a pre-owned vehicle when looking for your next set of wheels.
1) Used Cars are Not as Expensive as New Cars
The best thing about buying a used car is that it’s much more affordable than if you were to purchase something brand new.
Sometimes, buying something new does not make sense!
It is possible to get all the benefits of a brand-new vehicle without having to pay full price for it, when you buy used! There are many used cars available in every city, so you will not have any problems finding one that perfectly fits your budget.
2) You Don’t Have to Worry about Depreciation
When buyers purchase a new car, they may be concerned about how much that vehicle will hold its value. If you buy a used car in good condition, it is unlikely to depreciate significantly any time soon – meaning the resale value won’t suffer drastically when you decide to sell your used car.
It is estimated that a new car depreciates in value by 15 to 20 percent when you drive off of the lot. So, when you purchase a new vehicle, expect to a bundle when you try and sell it.
On the other hand, used cars that are only one or two years old tend to experience minimal depreciation and maintain their value better than brand-new models. So if you need something affordable but want it to be worth more once you sell it again in the future, purchasing a used car will get you the best bang for your buck.
3) You Pay Lower Sales Tax
One of the main benefits of buying a used car over one that’s new is you save money on sales tax. Sales taxes are charged when purchasing a vehicle, and they vary from state to state. In general, if you buy a brand-new car, it will cost more because, by default, its price tag reflects both the MSRP plus whatever sales taxes have been applied.
If you buy a used car, the sales tax is lower because it’s not being applied to a brand-new price tag. In some states, this can save you hundreds of dollars on your purchase.
With a little bit of research, you can find high-quality used cars for sale. If you want to save money or get lower monthly payments, consider buying a used car from Feldman CJDR of Clarkston, serving Troy, MI. We offer some great deals on our vehicles, and we’ll work with a range of budgets so that everyone has access to quality transportation at an affordable price. Interested in seeing our cars? Check out our inventory of pre-owned cars today.
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