Why Buy Used?

Are you looking to get more for your money? Then you will want to consider getting a used vehicle. A used vehicle can be one of the smartest purchases that you can make. In fact, you may be surprised by all the benefits that buying a used vehicle can offer. Here's a look at 10 reasons why you should consider purchasing a used vehicle. 

1). Used vehicles are usually less expensive

Generally speaking, you are going to pay less for a used vehicle. In 2021, the average price of a brand-new vehicle is about $40,000. The average price of a used vehicle is about $25,000. This is a significant amount of savings that can make it easier on your budget. In fact, you can find used vehicles priced below any brand-new vehicles. For instance, the lowest-priced new vehicle in the United States is about $14,000. When you are looking to purchase used, you can find many quality vehicles priced at under $14,000 and even $10,000. 

2). Smaller loan payments

When it comes to managing your budget, it is important to look at how much spend each month. When you purchase a used vehicle, you are likely to have lower loan payments versus purchasing new. The average price of a new car loan payment is about $563. The average price of a used car payment is about $373. That means a used car loan can save you almost $200 per month. Getting a loan for a used vehicle can make things so much easier on your budget. 

3). More choices

When you go shopping for a used vehicle, you will notice that you will have many more options at a given price point. Let's say that you have a $25,000 budget to purchase a vehicle. If you shop new, no luxury vehicle will be available at that price. You will also be limited by the number of sedans, SUVs, and trucks that you can purchase. If you shop used, you are sure to find many more sedans, SUVs, and cars for $25,000. That includes luxury models. When you shop used, you are much less likely to settle. 

4). Drive more vehicle for your money

Do you like getting lots of value for your money? Then you will want to take advantage of what a used vehicle can offer you. For instance, let's say you have $25,000 for a small-size SUV purchase. Well, if you are purchasing new, you will be hard-pressed to find a well-equipped small SUV at that price. When you are shopping used, you can find several well-equipped small SUVs at $25,000 and less. You can even find some luxury small SUVs available at that price point.   

5). Avoid steep depreciation 

Did you know that a new vehicle loses a third of its value the moment you drive it off of the dealership lot? In fact, a new vehicle will lose almost half of its value after about three years of ownership. However, if you purchase a three-year-old vehicle, you avoid that almost 50% depreciation. Therefore, it is a good idea to purchase a vehicle at the "sweet spot" of its depreciation. For most vehicles, that will be between its third and fifth year after its original purchase date. 

6). The vehicle is usually inspected 

Just about all dealerships will inspect all the major components of a used vehicle before it is placed for sale. That means that the tires, brakes, the engine components, and other parts are usually upgraded or repaired before it is placed for sale. That means that you are almost always purchasing a quality vehicle when buying used. 

7). Lower insurance premiums 

Since used vehicles are usually less expensive, they are going to be easier to insure. You can expect to see some significant savings when you are insuring a used vehicle. This can further help you with your monthly budgeting. Lower insurance premiums can really help you out if you are in a "high risk" category in the eyes of an insurance company. For instance, if you are a young driver or a diver with violations, then you will be able to see some significant savings when driving used. 

8). Better for the environment 

Did you know that one-quarter of a vehicle's total carbon footprint comes with the manufacturing and the transport of the vehicle from the factory to the dealership? When you purchase a used vehicle, you avoid a major environmental impact on the planet. Therefore, if you want to reduce your carbon footprint, then you will want to purchase a used vehicle. 

9). Fewer dealer add-ons 

When you purchase a new vehicle, then you may have to pay several dealer fees. Some examples of dealer fees on new vehicles include a transportation fee, an advertising fee, a destination fee, and a dealer prep fee. When you purchase a used vehicle, you don't have to deal with as many fees. This is just another way that purchasing a used vehicle will save you money. 

10). Lower annual registration fees

Every vehicle on the road has to deal with annual registration fees. If you drive a used vehicle, you are likely to pay less in annual registration fees. This allows you to see continued savings year after year. Over time, all the money that you save on annual registration fees can really add up. 

Find a top selection of used vehicles in Ashland 

Looking for a top selection of used vehicles in the Ashland area? Then visit us at Glockner CDJR of Ashland. We have a top selection of quality used vehicles. Whether you are looking for a used SUV, truck, car, or minivan, you are likely to find what you are looking for right here. Be sure to visit our website to see our latest inventory. We can also offer you attractive financing rates on the used vehicle of your choice. Be sure to visit us today for your next used vehicle deal.