Perks of Buying Used Cars
Perks of Buying Used Cars
in El Dorado, AR
Looking to upgrade your old car, truck or SUV? You've probably heard that it's more beneficial to buy a new vehicle rather than something used. Granted, there are some perks to buying new, but there are definitely more benefits to driving home in a pre-owned vehicle instead. To learn more about the benefits of buying a used car, keep reading below. And of course, no matter what kind of car you decide to buy, we hope this information is helpful for you!
AFFORDABILITY
Affordability can be a major deciding factor for many drivers when it comes time to purchase a new or used car. On the whole, a used vehicle tends to cost much less than its brand-new counterpart, meaning your loan, down payment and monthly payments will be much lower. Also, there's the chance that you may be able to pay for the entire price of the used car all at once so you wouldn't need to concern yourself with monthly payments at all! You can also pay less for upgrades such as a nicer stereo or more safety features than what you had in the past.
LOWER INSURANCE RATES
In addition to lower (or even zero) monthly payments, you may also pay less for car insurance. Insurance companies base their rates on the value of your vehicle, and since used cars generally have a lower value, your cost to protect your vehicle may be much lower.
SLOWER DEPRECIATION
When a car loses value over time, we call it depreciation. This happens quickly to new vehicles (generally within the first few years of ownership). Although it's a constant process with cars, trucks, SUVs and other vehicles, it typically levels out after those first two to three years. Usually, a used car will already have gone through this loss in value before you purchase it. That means you pay much less for a nicer vehicle!
OPTIONS
It's nice to have options. When you decide to purchase used, you give yourself more options. In the automotive industry, models are frequently discontinued. However, by buying used, this isn't as much of an issue. You may be able to find different trims, models or even features that aren't available in newer models. Choosing used is all about having options and not being limited by a single model year.
Interested in purchasing a used vehicle? We have a large variety of makes and models for you to choose from, so come visit us at our dealership. You can find us at 1830 West Hillsboro, El Dorado, AR 71730. We proudly serve customers near and from Magnolia, Camden, Junction City and Crossett!