Price is lower when you buy used, in comparison to the newer model of the same car. The used vehicle will cost less than the new vehicle because it has been driven, has wear and tear, and mileage already on the engine.
Insurance rates are lower. With a new car your insurance rates tend to be higher because of the high market price and costly repairs that the vehicle may need when involved in an accident.
Enough said. New cars are becoming more and more reliable with each passing model year. That means that when they become used cars, they are also still very reliable, pending accidents and care of course. It is not unheard of for a vehicle to reach 250,000 to 300,000 miles nowadays. That's why you know you can trust a used car that may already have 100,000 on it.
It is reported that in recent years five-year-old cars have had one-third fewer problems than past years. Things that were concerns in the past like rust and exhaust issues aren't seen as much anymore.
Driving a new car is very nice, but the second you drive it off the lot it decreases in value. In fact over the first three years a new car loses 47 percent of its value. But if you buy a three-year-old vehicle, it only loses 24 percent of its value in the first three years you own it, and you paid less for it to begin with.
Hopefully these insights about the perks you get when you buy used have helped you to decide whether or not you want to buy a used car. If you have more questions please come see us at the dealership!