There is something about new cars that really draw buyers in. Perhaps it is the ascetic appeal? Or maybe it's the lack of mileage? Or could it be that iconic new car smell? New cars certainly come with a lot of upfront perks, and for financially established shoppers, they might be acceptable purchases. But we use the word “might” intentionally because new cars don’t typically offer buyers the best return on their investment. To put it in metaphorical terms: buying a new car is a lot like indulging in that second piece of pecan pie - it is momentarily exciting and gratifying, but it probably isn’t the wisest choice in the long run. So what is prospective car buyer to do? The answer is as easy as, well, pie. Used car sales are an excellent source for economically savvy car shoppers to explore. The Sport Auto Center team has compiled are a few reasons why you should consider purchasing a used car rather than a new one.
While new cars can depreciate as much as 40 percent in the first 12 months alone, used cars have both a low rate of depreciation and a low price tag. That makes them the most cost-effective choice for car shoppers.
Not all used cars are worth the money, of course. Rather that buying a vehicle from a sell-by-owner website, buyers should only go to used car sales at dealerships that are CPO certified. This way they can make sure they are getting a quality, well inspected vehicle without the hassle of hiring an inspector or a mechanic.
Lower Interest Rates
It is important to remember that the make and model of a car factor into how much insurance will cost. Because collision insurance runs parallel to the cost of the car, cars that are worth less will ultimately have a lower insurance rate.
Less Money Over Time
The more you can pay upfront during a car purchase, the less money you will pay over time. Interest rates can be remarkably high - particularly for young buyers - and they add up to a pretty penny as the months pile on top of one another. When you buy a used car, you essentially get more car for your money.
Used Car Sales are Fun
“Sale” is one of our favorite words in American culture, and that’s because sales are fun! There is something so exciting about making a purchase that feels wise and too good to be true. Used car sales offer car shoppers an opportunity to compare makes and models, prices, and even colors of vehicles - all within their price range. If fresh wheels aren’t your version of fun, we don’t know what is!
Get Help from the Experts
At Sport Auto Center in El Paso, we offer more than just quality used vehicles. We also offer expert assistance during the car shopping process. We understand that used car shopping can be a little overwhelming. We are so convinced that buying used is worth it, however, that we are committed to helping you every step of the way. Make a wise financial investment, and check out our many used car sales today!