When you're in the market for a new vehicle, it's easy to think that you need to go straight to purchase a brand-new car. However, that's not the case. There are a plethora of used vehicles that you can buy, which come along with many great benefits that new vehicles simply lack.
Affordability
One of the biggest advantages of purchasing a used vehicle over a brand-new one is that a used vehicle will be more affordable. It's estimated that a new vehicle will lose between 9 and 11% of its total value the second it's driven off the lot. When you opt for used, you bypass that value loss and cash in on getting a vehicle at a much more affordable price.
Variety of Models to Choose From
When dealerships bring in new vehicles, they tend to only have a select few. They may not be available in the colors that you like or the exact options that you want. When you search for a used vehicle, there is a much wider selection of options. This helps ensure that you get a vehicle in the color that you want, complete with the options that you desire.
Lower Insurance Rates
If you compare the cost of car insurance for a brand-new vehicle to a used one, it becomes clear that the used option is much cheaper. You can get a used vehicle for a lower purchase price and save yourself a bundle throughout the year on your insurance premiums. It's imperative to consider all the costs of owning a vehicle when purchasing a new one
Less Depreciation
Depreciation can be a real problem when you invest your hard-earned money in a new vehicle. Apart from losing around 10% of its value as it's driven off the lot, a new vehicle will also lose about 10% of its value in its first year on the road. You can avoid this massive depreciation by simply investing your money in a used vehicle that has already seen the bulk of its depreciation.
No Crazy Hidden Fees
If you've ever purchased a new vehicle, you know the purchase price is always much higher than what's on the sticker. New vehicles include many crazy hidden fees like destination and shipping charges. When you choose to go with a used vehicle, you don't have to deal with any of these hidden fees.
Visit Us Today!
If you're interested in purchasing a used vehicle in Colorado Springs, CO, stop by Street Smart Auto Brokers today. Our helpful sales associate will be more than happy to assist you in getting into a vehicle that fits your needs and budget. Contact us today!