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.
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.
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.