Why Buying Used is Smarter Than Leasing a Car
Overall, modern automobiles are more reliable, safer and better equipped than at any time in history. Davey Auto Sales customers can find just about anything they are looking for at a fair price. That is to say there are a few reasons why buying a used car, truck or SUV could provide better value compared to taking out a lease on a similar platform. Some of those reasons include:
- Lower Upfront Costs - Every automobile depreciates in value. However, pre-owned cars depreciate slower providing strong value at the time of purchase and when it’s traded in.
- Lower Metal Costs - People tend not to get too worked up over a minor scratch to an older vehicle that already has some well-worn character marks.
- Cheaper to Insure - Depending on a few factors, insuring a used vehicle can be significantly less expensive than a new version of the same model.
What Are The Downsides to Leasing a Car?
In the right circumstances leasing can be a valuable tool for some buyers. Even if going that route does make sense, leasing customers have some harsh truths to face. Some of these potential pain points include:
- Never ending payments
- Higher insurance costs
- Limited number of allowed kilometres to drive
- Potential wear-and-tear penalties
- You can’t make any permanent changes to the vehicle
If you have any questions about finding the best possible deal on a pre-owned car, truck or SUV, make an appointment with a Davey Auto Sales product expert today.
