6 Benefits Of Buying A Used Car

If you are in the market for a new car, you may be wondering if you should buy a brand-new car or get a used one. There are many benefits to buying a used car instead of a new one. If you still are unsure, however, check out these six benefits.

They Are Affordable

Used cars are much more affordable than brand-new cars. Of course, the exact price of any automobile depends on various factors, such as:

  • Manufacturer
  • Make
  • Model
  • Features
  • Year

Whether you are buying a new car or a used one, these factors will play a role in the final price. However, when you buy used, you'll save a lot of money. For example, an average used 2015 Mazda 5 costs between $13,785 and $16,283, while it originally cost between $21,240 and $24,770 new.

You Get More For Less

Thanks to the lower prices of used vehicles, you can get more for less. Different models usually have different trim levels. The same car may come with leather seats and a touchscreen for music and navigation, but only when you choose a more expensive trim level. If you want these expensive features, it may be more feasible to look at used cars. Even used cars that are only a few years old will still have some of these features you desire, but you'll pay a lot less for them. 

You Own the Car

Another method to drive a nice car for less is leasing a car. Like renting an apartment, you simply pay a fee each month to use the car. When the lease is up, you can purchase the car if you want or lease a new one. However, while you lease the car, you don't own it, so you can't use it as collateral or an asset. Also, if you do buy the car, you'll end up paying more money than you would if you purchased it outright in the beginning.

There Is Less Depreciation

One of the worst things about buying a new car is depreciation. Once you've purchased the new car and have used it for a while, the car is no longer worth what you paid for it. For example, recall the 2015 Mazda 5 with a used price of $13,785. The original price, however, was $21,240 to $24,770. Basically, the problem with depreciation is that unless you purchase extra insurance such as gap insurance, the insurance carrier may not pay you enough to pay off the car if it's totaled. A used car, however, has much less depreciation.  

Operating Costs May Be Lower

Some operating costs are also lower with used cars. Insurance premiums are one cost you'll save on when you buy used. This is because the car is worth less than a new one, so it costs the insurance carrier less to cover. Also, if you do have a new car and you choose gap insurance, that is an extra fee. Gas costs, however, may be more with an older car, but you can still find ones with great gas mileage.

You Can Trust Used Dealers

With so many safety and quality standards, you can trust a used dealer to sell you a great car. In fact, in some cases, used car dealers are more helpful because they will scour the lot to help you find the perfect car for your needs.

If you are going to purchase a car, you should consider buying used. There are so many reasons to get a used car, and it will save you money. If you would like more information regarding used vehicles, contact a used vehicle dealer in your area today.