5 Reasons Why Your Next Car Should Be A Used One
In today’s challenging economy, the benefits of buying a used car have become more and more clear to consumers. Used cars offer many benefits: they’re cheaper, have more options to choose from, and often include warranties from sellers. That being said, if you are in the market for your next vehicle purchase – whether it be for personal use or as an investment – there are plenty of reasons why you should buy a used one.
1) Depreciation in Value has Already Occurred
The first benefit of buying a used car is that depreciation has already occurred. This means you can purchase the vehicle at a below-market price because it is no longer considered new. The speed with which cars depreciate can vary based on various factors, but most will lose up to 20% of their original value right after leaving the lot. And it will continue to decrease as the car ages.
2) There are More Options Available
With new cars, you have very few options when it comes to colors or features. With used vehicles, on the other hand, there are more options available, and you can choose the one that fits your needs and desires perfectly without having to spend extra money for customization.
3) New Cars are Expensive to Maintain
New cars are more expensive to maintain. You need to put out more money for regular maintenance, such as oil changes and tire rotations. It also means your insurance costs may be higher due to the increased value of newer vehicles on today’s market. If you purchase a used car, however, you will pay less for both maintenance and insurance.
4) Lower Insurance Premiums
Insurance premiums tend to be lower for used cars than they are for new vehicles. This difference in cost can add up over time, allowing you to save more money each month on your policy and have extra cash available at the end of the month or year.
5) Find Great Deals on All Kinds of Models
Another benefit of buying a used car is that so many different models are available. You can get one in your price range and the features you need very easily, allowing you to close the deal without any issues. With new cars, however, it’s very difficult to shop around for the best deals and prices unless you’re willing to travel long distances and visit a ton of different dealerships.
If you’re ready to purchase a car but don’t want to spend an arm and a leg, your best option may be to buy a used car. At Lakeland Hyundai serving Tampa, FL, we have plenty of great deals on pre-owned vehicles available today. Whether you just need to get around town or drive long distances because of your job, there are options to suit every budget. So, come on down!
Check out our inventory online before heading over, so you know which models interest you most.