Purchasing a vehicle is a big financial commitment, so it’s important to proceed with care. With the guidance from a respected auto specialist, it is much easier to navigate the decision between new and pre-owned cars. Here are some key reasons and advantages to forgo a brand-new vehicle when the time comes.
Price is Lower
Used cars are more affordable than more recent models. While a new vehicle may be a little flashier, there is often little difference between a used and new car when it comes to performance. Especially when the decision is made to go with a certified pre-owned vehicle. This is where the buyer can get a high-quality car at a discount price.
A big downside of purchasing a brand-new vehicle is that it loses a great amount of value the minute it is driven off the lot. Some say that a new car typically depreciates 20 percent at this time. Then, it will lose another 10 percent in value during the first year. A used car’s depreciation, on the other hand, is minimal or nonexistent. Those consumers buying now and feel that eventually, they will sell the vehicle will get a much better percentage return with a used car.
Since most newer cars are at a higher price point, there might only be a small selection of vehicles that are affordable for the buyer. Since used cars are less expensive, the available inventory is greater. Take the time to browse hundreds of makes, models, and colors for the exact car wanted.
Less Expensive Insurance
A key factor in determining the cost of car insurance is the value of the car. Since a used car has less value than a newer version, the insurance cost should be less. There are some other elements of car insurance that can be dropped in certain situations. For example, some can get rid of collision and theft once the vehicle is old enough.
Those that are in the market for a certified pre-owned vehicle can head to Don Wessel for a massive selection. These vehicles are covered by a 100,000 mile/7-year warranty. The technicians there have done a 182-point mechanical and appearance inspection. This takes any concerns about purchasing a used vehicle away. To get more details to check this out https://wesselhonda.com/Certified-Pre-Owned-Springfield-MO.