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The Benefits of Buying a Used Car

by - Posted 1 year ago

Are you in the market looking to buy your first car or replace your current one? If so, you might be wondering whether you should get a new car fresh from the dealership or buy a pre-owned one. 

There are plenty of reasons why buying a new car might be an exciting prospect. You get to be the first person to drive it, and you also don't have to worry about high repair and maintenance costs that you might otherwise have to confront with a car that's accrued high mileage. 

That said, buying a new car can be expensive upfront. So, getting a pre-owned car is a better alternative if you're on a tight budget. Here's why.

Better Value For Money

As you may already be aware, cars depreciate in value fairly quickly. Once a brand-new car drives off the lot, it immediately loses between 9 to 11 percent of its value and up to 40% of its value by the end of the first year. This makes buying a pre-owned car significantly less expensive than getting a new one.

Moreover, buying a used car gives you a better bang for your buck since you can get a fancier car with better features for a lot less than you would spend shopping for a new car with the same budget. 

Cheaper to Insure

As a general rule, car insurance costs significantly less for used cars compared to new ones. As such, you can save hundreds of dollars on monthly insurance in the long run if you opt to buy a used car. It's worth noting, however, that the amount you ultimately pay on insurance for a pre-owned car is also influenced by other factors such as your age (as the driver), driving history, and the amount of driving experience you have under your belt. 

Used Cars Last Longer

A few decades ago, buying a pre-owned car might have seemed like a terrible idea since there was little to no guarantee of reliability and longevity. However, with the high manufacturing standards today, used cars and auto components are just as reliable as new ones. This means that the pre-owned car you get cheaply can serve you well for several years. 

Eliminates A Lot of Hidden Costs

One of the reasons new cars tend to be priced expensively at the dealership is that they have various hidden fees, such as shipping costs and destination fees, slapped onto the actual manufacturer's price. Some dealerships will even include advertising fees in their new cars' prices, making them even more expensive. 

Buying a pre-owned car cuts out all these hidden costs, making car ownership much more affordable. 

You Have The Option Of Test Owning

When shopping for a new car, your dealership will usually allow you to test drive your desired vehicle to get a hands-on feel before committing to a purchase. With pre-owned cars, you can go a step further by test-owning the car.

Test-owning means you buy the car with the guarantee that you can return it to the dealership if you're not pleased with it for whatever reason and get a 100% refund. Unlike test driving which usually lasts anywhere between 20 minutes to a day, most dealerships will allow you to test own their pre-owned cars for up to 7 days. 

Wrapping Up

As you can see, there are plenty of advantages to buying a used car compared to a new one. You get to save money on the initial purchase and insurance costs, and you have a wider selection of models and trims to choose from, no matter your budget. Our friendly staff at Rocky Mountain Motor Cars can help you get the car you want!


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