There are many incentives to buy a new car, including lower interest rates, cutting-edge technology, and of course the new car smell. However, there are many more reasons, both financial and aesthetic, to buy a pre-owned car.
Financial Benefits of Buying a Pre-Owned Car
The primary financial benefit of purchasing a pre-owned vehicle is the price. A new vehicle depreciates in value the moment that it is driven off the car lot. You can buy an identical vehicle that's only a few months old for a substantially reduced price.
Pre-owned cars are priced according to their age, condition, model, and accessories, so you can find a great variation in the cost of a specific model year of a vehicle. If you don't want many of the "bells and whistles" accessories that you know you will never use, you can save a lot of money by choosing a base or mid-range model. Most of the best incentives in new car sales promotions are limited to the more expensive models, so you are stuck with buying unused and expensive accessories if you want the highest rebates or lowest loan rates.
Loans for pre-owned cars also have shorter repayment periods than for new cars, so you aren't as likely to get tired of your vehicle before payoff, and your financial commitment doesn't stretch as far into your future earnings.
The Aesthetic Benefits of Buying a Pre-Owned Car
Beauty is in the eye of the beholder, but sometimes you may wonder what a manufacturer was thinking when they redesign a vehicle into something unrecognizable to its predecessor. Model years can bring drastic changes, some not always complimentary, so a pre-owned vehicle conserves a model in all of its former glory.
Buying a pre-owned vehicle also offers a greater selection of vehicles that are not currently popular because of gas prices. When gas prices are higher, there's a limited supply of new larger vehicles because of their higher gas consumption, but there are many pre-owned models from which you can choose. Conversely, when gas is cheap, you can get a great deal on a pre-owned compact or subcompact car.
Pre-owned car dealers are so proficient in vehicle detailing that it is possible to buy the older vehicle of your dreams in the same cosmetic condition as when it first appeared in a new car showroom. Quality never fades, and a well built and maintained pre-owned vehicle can last for years beyond the last car payment, leaving a new "improved" model in its dust.
Contact a company like Wholesale Investment Inc. for more information and assistance.