When you are searching for a vehicle, you may be asking yourself some questions. Whether or not you should purchase a used or a new vehicle. Used vehicles are more affordable and there are many benefits to purchasing used. Let's take a look at the benefits of buying a used vehicle vs. a new vehicle.
Used Car Depreciation Is Less Than New:
New vehicles take their biggest depreciation once they are driven off of the lot. Initially, you don’t hear much about a new car's depreciation, until it’s time to trade it in or sell it. The loss usually hits within the first few years of owning the vehicle for the new vehicle buyer. When purchasing a used vehicle, you are purchasing a vehicle that has already taken its biggest depreciation hit.
Lower Vehicle Insurance:
When a vehicle’s value is less, collision and comprehensive coverage tends to be less as well. You may be able to opt-out of getting collision and comprehensive, please check with your state’s regulations as well as your lender's requirements.
Money Well Spent, You Can Buy A Better Vehicle:
Because used vehicles are more affordable, you may be able to get a nicer vehicle than if you were to purchase new. For example, it may mean an Infiniti instead of a Chevrolet. The price of used vehicles varies on mileage, trim level, condition.
When looking for high quality used vehicles that give you the most value for your money, stop into any of our Auto Outlets USA locations in the Finger Lakes and Syracuse Region. We offer a wide selection of used trucks to electric vehicles.