Are you in the market for a car but can’t decide between a new car or a used car? Buying a car is a big commitment and it’s important to make sure you do not rush into buying a shiny new car without considering the benefits of buying a used car. The majority of car buyers purchase used cars over new cars for many reasons.
Here are the top 5 reasons car buyers choose to buy used cars:
1. Save Money
One of the biggest reasons car buyers lean towards buying used cars is the cost. Buying a used car, on average, costs $17,000 less than a new car. By shopping for a used car, your budget can get you a nicer car for less.
Avoid the sticker shock of buying a brand new car by choosing a car that is lightly used and just a few years old. With a proper pre-purchase inspection, you’ll be able to find a quality used car for an unbeatable price.
2. Slower Depreciation
Car depreciation refers to the rate at which a car loses its value each year. Cars depreciate each year and other potential factors like accidents will also contribute to the loss of value. Although used cars will slowly continue to depreciate in value over the years, a new car loses almost half its value in the first five years.
Paying full price on a new car that will likely depreciate in value within a few years would not make financial sense. Buying a lightly used car that is a few years old will give you all the benefits of a new car without having to face the significant loss in value.
3. Fewer Recalls and Repairs
While some may consider a brand new car to be the best option, many of them end up having features recalled or needing repairs. There is less data on new cars, and thus more uncertainty in its reliability.
With used cars, you can get a pre-purchase inspection and vehicle history check that tell you everything you need to know about the car’s reliability record, past recalls, and cost of maintenance. Knowing how the car has been running for multiple years will give you an idea of how it will work with your budget and lifestyle.
4. Certified Pre-Owned Options
On your used car search, you will come across many certified pre-owned options. To qualify for certification, a car must undergo a thorough multi-point inspection to prove that it is in great condition mechanically and cosmetically, and that it has a reasonable number on the odometer, typically no more than 60,000 to 80,000 miles. Some certified pre-owned options also include a warranty.
Buying a certified pre-owned car is a great middle ground between buying a new and used car, but it is still not the only option to finding confidence in your used car. Getting a pre-purchase inspection performed by a trained technician is another way to find a quality used car without paying for a CPO car.
It may seem like there are many different models being sold in the new-car market each year, but there are actually even more used car options available. Whether the car you want is not being made anymore or you just haven’t been able to find a car that works for you in the new-car market, you are sure to find the perfect option for you when looking at pre-owned cars.
Find Your Quality Used Car with SureSale
A SureSale vehicle quality report makes it easy to decide which used car is the best choice for you. By having a trained technician perform a multi-point inspection and history check, you will have all the information you need to be confident that you are getting the best used car for an even better price. Experience the benefits of buying a used car with the help of SureSale.