When it comes time to consider buying a vehicle there are many things to think about. The good news is that you are in the drivers seat, pun intended! There are numerous things that you need to think about; What kind of car will best suit my lifestyle? What style of vehicle do I prefer? How much can I afford to spend? Check out our blog article: What's the Right Vehicle for Me for some helpful tips on choosing the best vehicle to suit your needs.
The three main reasons to buy used?
1) Save Money
2) Save Money
3) Save Money
Yup, that's pretty much the basics of why buying a previously owned vehicle makes sense.
First: New vehicles depreciate by up to 30% in the first year. That means if you buy a $30,000 car you just threw $9,000 out the window just for the privilege of driving it off the lot. I don't know about you but I can think of a lot of things I could buy with $9,000.
Second: Your Insurance costs will be lower. Insurance rates are based on the value of your car, the less your car costs the less your insurance rates will be.
Third: Get more luxury for less cost. Want a vehicle with all the bells and whistles? Spending less on the overall vehicle price can give you more flexibility for extras that add to convenience and comfort.
Aside from buying a home, vehicles are often the next big ticket item that people spend their money on. When trying to plan your budget you can save yourself thousands of dollars by buying a used vehicle.
People are often worried about compromising quality when buying used, this is not always the case. If you buy from a dealership like Queensway Auto World you have reassurance in knowing that each vehicle has gone through a 50 point inspection and history reports are available on all vehicles we sell. Also, you can purchase warranty plans to protect your investment into the future.
-Muriel Rolufs
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