Why Buy Used?

DEPRECIATION VALUE
New cars depreciate quickly and can lose 30% of their market value in one year. When you buy a car that’s more than two or three years old, you’ve avoided the biggest depreciation hit on its value. Keep in mind that, with the exception of “classic” cars, cars continue to depreciate in value every year of their existence.

In fact, the second you drive a new car off the lot it loses upwards of $1000 dollars in resale value.

If you’re pursuing a car “loaded” with features but operating with a strict budget, buying a pre-owned (and heavily depreciated) car is a great way to get one.

Remember that depreciation begins on the Placed In Service Date, as does a car’s warranty.

INCREASED LONGEVITY
Advances in technology and production methods have made cars more reliable and long-lasting than they’ve ever been. A quality automobile with 100,000 miles can be expected to continue providing dependable service for quite a bit longer than 25 years ago.

Organizations like Consumer Reports compile annual lists of cars that are “Good Bets” and “Bad Bets” to buy, both used and new. Doing your research now will help you identify used cars that are more likely to give you more bang (not to mention years of life!) for your buck.

INTERNET ACCESSIBILITY
Thanks to the recent explosion of used car buying and selling activity on the internet, buyers like you are no longer tethered to newspapers and windshield placards.