Benefits of Buying a Used Car
When you’re in the market for a new car, you might be worried about things like depreciation, cost, insurance, and more. If you are worried about the financial impact of a brand-new vehicle, you might want to consider a used car, truck, or SUV. A new-to-you vehicle provides many of the same benefits as a new car, but more affordably. Let’s take a look at some of the top benefits of buying used over new.
Used Cars Simply Cost Less
Probably the most obvious benefit of a used car is its lower sticker price. On average, used cars cost almost 50% less than new cars, which means you can pay off a used car faster, which saves you in financing fees and interest.
Even after your initial purchase, though, you’ll save money by buying used over new. Because they cost less, to begin with, used cars are cheaper to insure, and they generally cost less in state licensing fees. Plus, since you buy a used car right off the lot, you won’t have to worry about destination fees, shipping charges, or any of those other hidden fees that dealers love to slap on.
Used Cars Hold Their Value Better Than New Cars
You’ve probably heard the oft-quoted factoid that new cars lose up to 15% in value as soon as they’re driven off the lot. This value decline, called “depreciation,” generally continues in new vehicles for the first three years of their existence, at which point their value stabilizes, and sometimes even improves!
By buying a used vehicle, you’re letting someone else lose all that value for you, meaning that when you decide to trade in or trade-up your new-to-you car, you’ll get a much better deal on your next one.
Certified Pre-Owned Programs Take the Guesswork Out of Buying Used
Of course, historically buying a used car has been rife with risk: you could never be sure if you were buying a solid vehicle, or would get a dreaded “lemon.” Any more, that worry is mostly a thing of the past, thanks to auto history reports like CARFAX® and Certified Pre-Owned programs.
Automotive history reports are able to provide you with a complete history of the vehicle’s past owners, collisions, service, and more, and they usually only require a VIN to look the information up. A report such as CARFAX® can let you know if the truck, car, or SUV you’re looking at has had major bodywork or been in a major collision, so you can make a more informed decision.
Providing you even more peace of mind are Certified Pre-Owned programs, like the Chevrolet Certified Pre-Owned vehicles available at Bob Steele Chevrolet. Every Certified Pre-Owned vehicle on our lot has been subjected to a rigorous 172-point inspection and verified to be in top condition. That’s why we’re confident enough to provide a 6-year/100,000-mile Extended Powertrain Limited Warranty, including Roadside Assistance and Courtesy Transportation during the warranty period, for our Certified Pre-Owned Chevrolets.
Buy a Used Chevrolet Truck, Car, or SUV near Orlando
There are plenty of benefits to buying a used car: they tend to be cheaper than new cars, both on the purchase price and throughout their lives; they hold their value better, meaning that when you’re ready to trade yours in, you’ll get a better deal; and nowadays, used cars come with so many assurances as to their quality, there’s no reason not to buy used!
For some of the best-used car deals in the Titusville, Melbourne, and Orlando areas, come see the team at Bob Steele Chevrolet! Our sales team will gladly help you find the perfect used or even new Chevrolet for you, and once you’ve found it, our finance team will make sure you get a great deal. Come visit us, give us a call, or schedule an appointment online today!