5 Advantages of Buying Used
Lower Price Tag, Less Depreciation
A new car loses thousands of dollars in value the moment you drive it off the lot. If you buy a car that's one or two years old, you'll avoid that initial financial loss. Your used car will still depreciate, but you'll lose less money less quickly.
New car buyers who want add-ons like a sun roof or navigation system will be forced to pay hundreds of extra dollars on their new car, and these upgrades don't add a dime to the car's resale value. When you buy used, you'll be able to search for a model that has what you want, and pay far less than the original owner did for the same features.
Avoiding Dealer Fees
Dealers hit new car buyers with many hidden charges, including shipping, destination fees, and "dealer preparation." These surprise expenses add up quickly, and add nothing to the value of your car.
If you're looking for a specific, older model, odds are you're not going to find it in new condition. If you buy a used car, you have a much wider selection of inventory to choose from, and you're not limited to models that were released over the past year or two as you would be when buying new.
Certified Pre-Owned vehicles undergo a rigid inspection process of mechanical and cosmetic items before they obtain certification. CPO vehicles are usually covered by a warranty that extends beyond the original factory warranty, often including the same features as a new-vehicle warranty, such as roadside assistance. A CPO vehicle will have a slightly higher price tag than a typical used car, but the extra cost is worth it for the extra attention, coverage and peace of mind buyers receive.