Why Buy Used? | Courtesy of Ruston

If you want to get the most bang for your buck, buying used is your best option. In addition to saving big, there are other reasons you should consider buying a used car.

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Avoid depreciation

Naturally, used cars are more affordable than new cars. However, when you buy used you also avoid the initial depreciation in value that comes with a new car. Most new cars lose up to 30 percent of their initial value in a single year of ownership, which doesn’t include the effects of wear and tear. There’s simply more demand for new cars, which means buying used could help you avoid that sharp dip in value when you drive off the lot. As a result, your used car will retain equity much better in the long run.

Selection

While it seems obvious, buying new means you’re limited to one model year so your selection is significantly limited. When you shop for a used car, you often get a broad set of options because you’re not limited to the most recent model year. Unless you’re willing to shell out serious cash for a customized new car, you’ll probably also want to buy used if you’re looking to add accessories. Most of the time you can find the features you want on used models from recent years without the large price tag.

Insurance and fees

Used cars save you money when it comes to insurance, taxes, or other fees. That’s because used cars are cheaper, and insurance companies are happier to cover that affordably priced car so you don’t have to pay as much to insure it. While some new cars get better interest rates when it comes to financing, it may not make a difference if you’re paying significantly less for a used model.

With options like CPO vehicles and companies like Carfax and AutoCheck to verify quality, buying a used car is a sound financial investment rather than a gamble. If you’re interested in finding out more about used vehicles, visit us at Courtesy Chevy Buick GMC Cadillac and view our inventory.