The age old dilemma of whether to buy a new or used car is becoming ever more prevalent. While there is technically no right or wrong answer to this question, we’ll be covering the numerous reasons to buy a used vehicle! Check out some things you might not have considered about purchasing a used car versus a new one.
Money is everything. When you purchase a used car, truck or SUV, you’ll be saving yourself thousands of dollars. Not only does a used vehicle cost less outright, but some hidden factors make brand new cars worth less than you would have initially thought. What hidden factors? Depreciation. New vehicles depreciate incredibly quickly. In fact, it’s estimated that the average vehicle will lose up to 19% of it’s value within the first year! Over the course of three years, Consumer Reports estimate that your new vehicle will only be worth 54% of it’s original value. Additionally, the sales tax, insurance, and even registration fees are lower for used cars! Looking at these figures, the main reason to buy a used vehicle becomes increasingly more clear.
A common worry amongst perspective used car buyers is the safety of older vehicles. It seems like common sense to assume that a state-of-the-art vehicle surpasses used vehicles in the arena of safety. Actually, vehicles have been being built with extensive safety features for awhile now. In fact, most vehicles manufactured since 2009 have been designed with features like electronic stability control, anti-lock brakes, and side-curtain air bags! Generally, the newest innovations in technology are driver-centric. This means that these technologies heavily focus on comfort or convenience rather than overall safety.
So, if you’re looking for the best one-stop shop for a used vehicle, come on down to Benny Boyd Liberty Hill to take a look at some of our amazing vehicles and take a test drive today! We look forward to doing business with you.