Next to buying a home, purchasing a car is likely one of the biggest expenses you will face in your lifetime. If you’re looking to save some money on your next car purchase, but still get the bells and whistles on your “must have” list, then you should consider these reasons to buy a used car, rather than a new one.
Purchasing a used car can easily save you thousands of dollars. With less sales tax, lower insurance costs, and lower registration fees (depending on your state), the savings will add up. Plus, a used car depreciates less than a new car would, especially since, according to the NY Daily News, new cars can lose up to 54% of their value after three years. If you intend to sell your vehicle down the line, a smaller amount of depreciation can save you more money.
Buying a used car from a private seller is a major risk. They might value selling the vehicle more than making sure that you, the customer, is satisfied with the ride you choose to purchase.
Dealerships put a major emphasis on customer satisfaction. After all, unsatisfied customers will often go elsewhere for a vehicle if the dealership fails to value them. As a result, a dealership may be willing to offer a lower price, throw in some accessories, or perform minor modifications to the vehicle before you drive it off the lot.
When you plan to buy a car from a private seller, odds are you’ll have to go from lender to lender and fill out an individual application for a loan at each one. This can be boring as well as time consuming. Fortunately, that isn’t the case at a dealership.
Since dealerships have working relationships with lenders in the area, customers only need to fill out a single application. The dealership’s finance department can then send the application to multiple lenders who will respond with a loan offer or rejection. Having more financing options can help you get a better deal on a used car.
If you want a wide range of makes, models, and vehicle types, then looking at used cars is a great place to start. At Bob Thomas Ford, we have a sizeable collection of used cars from a number of different brands, giving you plenty of options. It’s even possible to find various vehicles that automakers do not produce anymore.
A good reputation is the result of exceptional customer service. Buying a used car from a reputable dealership will help ensure a positive ownership experience with the vehicle that you bring home. Customers always have the option of asking the dealership for help, in case maintenance issues occur later on. Many dealerships also offer a certified pre-owned vehicle inventory, which will provide you even more peace of mind when selecting a used auto.
Are you looking for a lot of technology and features in your vehicle, but you don’t want to pay big bucks to get it? Then you should buy used. Buying a higher trim level on an older model — even if it’s only a year older than the current model line up — can help you get all of the features you want. It’s easier to purchase a vehicle’s more premium trim levels when that vehicle is used, as the amount you spend will be much less.
Visit Bob Thomas Ford to take a look at our expansive inventory of used vehicles.