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Monthly Archives: September 2020

5 Reasons Why You Should Purchase a Used Vehicle

5 Reasons Why You Should Purchase a Used Vehicle

Buying a safe, reliable car doesn’t always mean purchasing new. Today’s used cars are just as efficient as more modern cars, sometimes even with a cheaper price tag. In the past, buying used felt like a game centered on chance. Carfax reports and pre-purchase inspections have made purchasing a used car a common choice for most households. Below are five reasons you should consider purchasing a used vehicle.  1. Depreciation A new vehicle starts to depreciate the moment the front tires drive off the lot. By the time the car turns one year old, it will lose about 20% of its value. Since a new vehicle depreciates quickly, it’s best to save money by purchasing an affordable car with few miles. You don’t lose as much value in depreciation in a used car as you do a newer. 2. More Value If you’re in the market for a new vehicle, your new car budget may get you more value purchasing a used vehicle. A new car budget may afford you the base model of a new car ... read more