Posted 1 year ago
Roll into Savings: Why Buying Used Cars is a Smart Choice
Are you looking to buy a car but don't want the high costs and hassles of buying your first new car?
Check out Deals On Wheels! As Montana’s best in-house financing used car dealer, Deals On Wheels offers a wide selection of high-quality used cars that are sure to meet your needs and budget.
We make finding the right car easy and convenient with transparency, customer service, and fair pricing. Think about the benefits of buying a used car and see what Deals On Wheels has to offer.
New cars lose up to 20% of their value the moment they're driven off the lot, and their value will only decrease over time. That's why I always go to the used car lot!
Used cars have already taken this first depreciation hit, so they're usually cheaper than new ones.
Besides the lower purchase price, used cars can also be less expensive to insure. Since the value of the car is lower, insurance premiums are also less.
This can add up to big savings over time. To save even more money on car insurance, you can choose to pay a higher deductible.
For example, car insurance deductible amounts typically range from $100 to $2,000, with the most common deductible being $500.
The latest cars come with a bunch of fees, like dealer fees, destination fees, and even advertising fees. It can cost hundreds or thousands of dollars.
If you buy a used car, you won't have to pay much of these fees. You just have to pay the purchase price and the registration fee.
The options you have when shopping for the latest car are limited to the models of the current year. The options you have when shopping for a used car are much broader.
You can search for cars of any year, make, or model, which means you can find a car that fits your needs and preferences more easily.
Once the car is driven off the lot, a large portion of its value is lost. If you decide to sell it in a few years, you'll likely lose money.
You don't have to worry as much about depreciation when you buy a used car. Although it will depreciate slowly over time, it is unlikely to depreciate as rapidly as a brand new car.
To avoid damaging the engine or other components of a newly purchased car, you need to drive it carefully during the "break-in" period.
The break-in period is already complete in a used car. As a result, you can drive it normally from day one without worrying about causing damage.
You can often customize your car for less money by buying a used car if you want to do so with aftermarket parts and accessories.
Because the car is already older and has likely had previous owners, you will not feel as pressured to keep everything in pristine condition. You will not have to worry about reducing the value of the car if you install the parts and accessories you want.
In the process of buying an expensive car, you never really know what you're getting into. With a used car, you don't have to worry about hidden fees or other expenses that happen after you sign the contract.
But you do have to worry about whether the car will start in the morning or if it will break down in the middle of nowhere! Most of the surprises have already been discovered by previous owners. You can avoid many of the unpleasant surprises that come with buying a car if you do your research and get a mechanic to inspect it first.
There is always the risk of buying a lemon, but most used cars are reliable vehicles. After all, if a car broke down frequently, it likely wouldn't have made it to the used car lot in the first place. You can be more confident about buying used cars since they have already proven themselves to be reliable.
To sum up, buying a used car can have a lot of advantages, including a lower price, reduced fees, more choices, no depreciation worries, and cheaper customization. A brand new car's value decreases by around 20% to 30% by the end of the first year.
From years two to six, depreciation ranges from 15% to 18% per year. Buying a used car is like investing in the stock market- there may be an initial loss, but if you purchase wisely, you can benefit from reduced costs, more flexibility, and potential long-term gains.
You can avoid many of the hidden fees and unpleasant surprises that come with buying the latest car if you buy an older model car.
Furthermore, used cars are more reliable, since many have already proven themselves reliable.
You should do your research when looking for a used car and get it checked by a trusted mechanic before buying. With Deals On Wheels, you know you're getting a quality vehicle at a fair price. Explore Deals On Wheels and see what it has to offer when it comes to used cars. You might just find the most appropriate car for your needs and budget.
1821 N Montana Ave,
Helena, MT 59601