Are Pre-Owned Vehicles Still a Good Value?
Is Buying a Used Car a Good Idea?
The last few years have been unprecedented in the automotive industry. Pandemic-related issues affecting everything from dealership hours to supply chain woes have made coming to work an adventure for everyone at Davey Auto Sales. As we approach a kind of equilibrium, we have noticed a lot of people wondering, “Is buying a used car still a good idea?” We might be a little biased, but yes, there are always several advantages to buying a used car, truck, or SUV versus a new model. Our team of product experts thought it would be helpful to go over these points as a reminder.
READ MORE: Can You Get Financing After Bankruptcy?
Used Vehicles are More Affordable
Assuming there are no more massive upheavals to the social order, there will likely never be a scenario where a pre-owned vehicle is more expensive to purchase or insure compared to a new model. Depreciation is just an unfortunate fact of life in the automotive industry and most used vehicles lose value at a much slower rate than their new counterparts. Additionally, it can be less expensive to finance and insure a pre-owned vehicle compared to a new one.
Stretch Your Dollar Further
Let’s say you have $10,000 to spend on a vehicle, and you’ve narrowed down your choices to a few choices that you want to buy. That $10,000 might make for a good down payment on a new vehicle, but you’ll still have monthly payments to make, and you may have to compromise on some features. Bringing that $10,000 to Davey Auto Sales could mean getting more features in a similar model or something with more interior space or better performance figures.
Built-in Peace of Mind
Buying a pre-owned vehicle from Davey Auto Sales means buying peace of mind. Each car, truck, SUV and van on our property comes with a comprehensive vehicle history report. Furthermore, our team thoroughly inspects each vehicle to ensure they are safe to sell and will be reliable for the next owner. Buying a used car from a private entity doesn’t come with any of those safeguards.
Everyone has different needs when it comes to buying a vehicle. Make an appointment with a Davey Auto Sales product expert, today, if you need help finding your next safe, reliable and affordable car.