If you are in the market to buy a new car you might be wondering what kind of car you should get. Usually buying something pre-owned is the best option for your wallet, especially if money is an issue. Here are some of the reasons to buy pre-owned instead of new.
1. Better Initial Price
One of the most obvious reasons for buying a car that is used is that your initial price will be a lot less than what you would pay if you bought new. When you buy a new car you are paying to be the first one to drive it and own it. This means that there are all these extra fees and expenses associated with the new car. Conversely, if you buy a car that has even been used for a year or less, you will still save a ton of money compared to if you bought new.
2. Better Resale Value
Because the initial price reflects the value of the car better, you will have a better resale value of the car. When you buy new you overpay for the car, so the moment you drive it off the lot, it depreciates in value. Thus, even if you turn around and sell it a month or two later, you won't get as much out of it as you paid for it. With a pre-owned car, you know that what you paid for it reflects the current market value, so that if you were to see it right away, you would get out of it what you paid. If you think that there is a chance that you will be selling the car in the next couple years, you should buy used.
3. Better Price On Insurance
Too many people fail to factor in the extra costs of keeping up with the car. One of those costs is car insurance. There are many factors that affect how much you will pay for insurance. Some of those are, how new your car is, how many miles your car has on it, and how much the market value is of the car. Thus, if you choose a car that is even a couple years old, has a few more miles on it, and isn't super expensive, you will save money each month on your auto insurance.
As you can see there are many reasons to buy pre-owned rather than new. To learn more, contact a car dealership like Marshall Chrysler Dodge Jeep Ram.