There are a lot of important
details to consider when you are in the process of acquiring a new vehicle. To
better guide you in your purchase process, Ed Morse Auto Plaza developed a three-part blog series
that explains the advantages of leasing, buying new or buying used from a
dealer.
In this first blog
post we are going to focus on the top five advantages of buying a used vehicle:
Lower Price Tag
The
market value of any vehicle decreases from year to year. When you buy a
used car, quite a bit of that depreciation has already taken place. While the
value of your vehicle will still depreciate, it will lose value at a slower
rate, so you are buying an asset.
Certification Programs
Certification programs
will give you more peace of mind and confidence after you have made your purchase
decision. There are multiple benefits associated with the purchase of a certified pre-owned vehicle. For example, you know that your car has undergone a rigid
inspection process of mechanical and cosmetic items and that each vehicle is
covered by a specific warranty. Additionally, certified pre-owned vehicles have
no history of major damage and are usually low-mileage cars.
Acquiring a pre-owned certified vehicle has many advantages.
Photo of a Mazda3 by Mazda USA Media.
Variety
When you are looking for a used vehicle, you have a
wide selection of inventory to choose from and you are not limited to models
that have been recently released. When you visit a large used car dealership, you should be able to find a quality vehicle that fits your needs,
budget and style.
Vehicle History
Since the vehicle has been
in the market for some time and others have driven the same version before you, it’s simple to look for reviews about the vehicle’s performance and
dependability across multiple online sources. This will let you understand the
experiences that other car-buyers have had with that car and take them into consideration to shape your final decision.
Insurance
Rates
In general, insurance rates will be affected by the age of a car.
In this case, insurance rates for a used vehicle tend to be less expensive. Since
insurance rates will vary by make, model, year and the driver’s profile, make
sure you do some pre-purchase research to get an idea of the price range
that insuring different types of vehicles will cost you.
There are many other
tangible or intangible factors to consider when looking for the vehicle that is
right for you. For this reason, we recommend examining your priorities and visiting one of our vehicle specialists at Ed Morse Auto Plaza to find a great vehicle
that fits your needs. Stay tuned for the second part of this series where we
will explore the benefits of purchasing a new car.