Perks Of Buying Used Cars | Rochester, NY

Greater Affordability

One of the most obvious benefits of buying a used car is that they are typically more affordable than a new vehicle. Cars do hold their value pretty well these days, but you can still find great deals on used cars. That means any loan you need to finance the new-to-you car will be lower than it would be if you bought a new car, truck or SUV. As a result, your down payment and your monthly payments will also be lower for a used car. 

There’s also a chance you’ll be able to pay cash for a used car, whereas that’s almost never the case with a new vehicle. In that event, you won’t have monthly payments at all. Because of the lower overall price, buying a used vehicle can also mean getting some features you otherwise might not pay for on a new car. You may even be able to afford a nicer model altogether

Lower Premiums

Because the value of a used car is less than a new model, the amount of insurance you’ll pay to cover it will also be less, as insurance premiums are calculated, in part, based on the overall value of the car. That means, in addition to more affordable monthly payments, protecting a used vehicle can also be more affordable.

Slower Depreciation

You’ve probably had some people tell you that a car loses value the minute it’s driven off a lot. While that is true, it takes some time for the vehicle to truly lose an appreciable amount of its value. That usually occurs within the first few years of ownership. While cars are always depreciating to some extent, it tends to level out after the first few years. So, if you purchase a used car that’s more than a year or two old, it will have already experienced a steep decline in its original price, which means you get a good deal and you will experience a slower rate of depreciation.

Greater Options

Manufacturers change their models year after year. When they do that, they change things like infotainment systems, seating material and even body shapes. If you buy new, you only have one model to choose from, perhaps two if the dealership still has year-end models to sell, but when you buy used, you can choose from myriad models and trim levels. You get the features you love at a price you’ll love. And you can even choose from certified pre-owned models that are still covered by factory warranties.