Top 10 Reasons to Buy a Pre Owned Vehicle

9/24/2021

Purchasing a pre-owned vehicle is a great way to get the car of your dreams without the high price tag. And while it may not be for everyone, purchasing a pre-owned vehicle can be a great way to get into a high-quality vehicle at a much more affordable price.
But before you dive headfirst into the world of used car shopping, it’s important to understand the benefits of purchasing pre-owned vehicles and the reasons why it might be the right choice for you.

1. Price Tag

That's right! Purchasing a pre owned vehicle typically carries a cheaper price tag than it's brand new counterpart! This allows you to get much more bang for your buck, than if you purchased new! Think about it: the same amount you may spend for a brand new base model car, you could get a 1-2 year old pre owned, upgraded version of that same car, with many more features! That helps you increase your resale value later. 

2. Avoid Depreciation

Since cars are a depreciating asset, which means they lose value once they're purchased, it's usually a great idea to purchase a pre owned vehicle! When you purchase a new car, it depreciates as much as 10-15% as soon as you drive it off the lot.  Purchasing a pre owned vehicle allows you a little more flexibility down the road with trade in and resale value, since you've avoided that 10-15% decrease. Tying into the previous reason, you have an opportunity to purchase a more feature loaded vehicle to help maximize your resale later.

3. More Luxurious