Why Buy a Used Car?

Used cars get a bad rap, but for many buyers it can be a great choice, and not just in terms of the price. If you're thinking about buying a used car but you're not sure it's the right option for you, consider the following benefits of buying a used car.

Price

Price isn't the only benefit of buying a used car, but it is the biggest factor for most buyers. The sticker price of a used car will almost always be less than the price of the same car brand new, and that's just the beginning of the cost savings of buying used.

Used cars also come with a lower insurance premium, and they might come with better interest rates. Overall, you'll probably be spending a lot less on a used car than a new one.

Depreciation

When you buy a used car, the car has already gone through its biggest period of depreciation. Did you know new cars drop an average of 11 percent in value the moment they're driven off the lot? And they can lose as much as 60 percent of their value in the first five years. Skip that huge value drop by buying used.

Reliability

Lots of people are nervous about used cars because they think they're less reliable, but that's not true anymore. With lemon laws, vehicle history reports, and certified pre-owned programs, it's hard to buy a bad used car these days if you do it right.

Plus, cars from the last decade or so are built to last. A vehicle that's just a few years old and has a clean history report isn't any more likely to break down on you than a new car.

More options

When you buy a new car, you only have one model year to choose from, which often boasts a high price tag. Not so with used cars. If you find your favorite luxury car from its best model year and it's used, you're getting a better deal than if you buy something low-end brand new. You have a whole world of cars open to you when you buy used, even if you're on a tight budget.

Learn more about the benefits of buying a used car when you visit Midwest Ford.