As a used car dealership, we often get asked the question: why should I buy a used car instead of a brand new one? There are actually several benefits to purchasing a used car, and in this blog post, we'll explore just a few of them.
Depreciation in Your Favor
First and foremost, buying a used car is generally a more cost-effective option than buying a new car. New cars depreciate in value as soon as they are driven off the dealership lot, which means that their value drops significantly in the first few years of ownership. On the other hand, used cars have already gone through this initial period of depreciation, so their value isn't dropping as quickly. This means that you can often get a higher-quality car for the same price as a lower-quality new car. You can often find higher trim levels – meaning improved performance and amenities – of the same make and model at a better price point.
Wider Variety to fit Your Needs
Speaking of trim levels, another benefit of buying a used car is that you have a wider range of options to choose from. When you're shopping for a new car, you're limited to the models and trim packages that are currently being produced by manufacturers. But when you're shopping for a used car, you can choose from a much wider range of makes, models, and years, which gives you more flexibility to find the perfect car for your needs and budget.
Staying Ahead in Recurring Costs
Thanks in no small part to the aforementioned depreciation, both your annual taxes and insurance rates come at a discount as well as compared to purchasing a new vehicle. That said, we advise making sure you get insurance quotes as part of the shopping process to ensure you’re staying within your budget.
And under the recurring costs umbrella further falls maintenance expenses, yet another category where used vehicles often come out ahead. As a used model has been on the streets the technology and parts have had time to proliferate the market, making replacements easier to find whilst also giving the aftermarket industry time to create and build their own inventory. This means not only are original equipment manufacturers (OEM) parts easy to source, but you can also find inexpensive third-party parts, or even higher-performance options if you’re looking to squeeze extra performance from your vehicle.
Overall, buying a used car can offer a number of benefits, so if you're in the market for a new car, consider purchasing a used one from Greensboro Auto Center to enjoy them all. Easily shop our inventory now.