4 Reasons to Consider Buying a Used Vehicle

When it’s time to go car shopping, the big sticker prices, major commitments, and performance unknowns of a new vehicle can make the whole prospect less appealing. Perhaps it’s time to consider a used car instead. There are a lot of benefits to buying used, from lower cost to more information about the car through reviews in publications and on Internet forums. If you’re in the market for a vehicle and aren’t sure if buying used is right for you, consider the following.

1. Lower Cost

The most obvious reason to opt for a used car is the considerably lower price compared to new vehicles. All cars lose market value over time, but did you know that a car doesn’t have to be old or well-worn in order to depreciate? Technically, the moment a new car drives off the lot, it depreciates by a considerable percentage. If you shop smart, you can find a car that’s quite close to new, but at a fraction of the price. Just make sure to investigate the car’s condition thoroughly before you buy, as unexpected maintenance can wipe out that price difference overnight.

2. More Information

We’re living in an information-rich time. Not only are there professional publications like Edmunds and Kelley Blue Book that review cars, there are also countless Web forums and other services that allow everyday people to publish the nitty gritty about their real driving experiences. A car that came out a few years ago will have plenty of information out there about things like long-term fuel efficiency, common maintenance issues, and even the average depreciation of a given vehicle. You will be able to learn a lot prior to purchase.

3. Great for New Drivers

If you’re living with a teen or someone else who is just starting to drive, you know that it’s probably not the smartest investment to give that new driver the latest model car. It’s a big investment and not only will those more likely than normal dents and scuffs be more expensive to fix on a new car, the insurance premiums tied to the car might be more than you expect. Before you sign the lease on a new sedan for your eager 16-year-old, maybe consider a Honda Accord with a few years on it. A used car allows new drivers the freedom they want without as big an investment and more manageable associated costs.

4. New Isn’t Always Better

A given model of car undergoes design changes from year to year, which means that some nice features get cut in later models. Opting for a used car might actually get you the version of a vehicle with more features, more comfortable interiors, or even better safety ratings.

With a little research, you can purchase a great used car for only a fraction of the cost of a new car. It’s a smart investment and you may even find a hidden gem on the used car lot.

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