Benefits of Buying a Used Car
Why buy a used car instead of a new vehicle? Drivers who emphasize value over the latest technology may want to peek at a used car. A
used or certified pre-owned vehicle may be right for you.
A new car deprecates after its purchase, meaning you may be able to find more value in a used car through lower costs while still driving a vehicle in good condition. If you select a recent model, you can still enjoy the benefits of a newer vehicle without incurring its cost.
Consider some potential benefits of lower costs:
- Increased financial bandwidth
- Faster loan payment
- Lower down payment
This potential lower cost may translate to decreased monthly payments—and that option provides value through financial empowerment. Lower payments can let you enjoy more weekend getaways or fun date nights.
Used cars may have lower fees than new vehicles. These can include fees at the initial transaction but may extend to registration fees. Drivers may also be able to get behind the wheel of a used vehicle that is still under its initial warranty.