Pre-Owned Vehicles: The Benefits and What to Look for When Buying
When you’re in the market for a vehicle, the age-old question always comes up: new or used? While both options have their merits, pre-owned vehicles often provide incredible value and can be a smart financial decision for many buyers. Let’s take a deeper dive into the benefits of buying a used car and what factors you should consider during the process.
Why Choose a Pre-Owned Vehicle?
Cost Savings: Perhaps the most obvious benefit of buying a pre-owned vehicle is the potential for significant cost savings. New cars can depreciate, losing some of their value in the first year. By choosing a used car, you allow the original owner to absorb this initial depreciation hit, resulting in a lower purchase price for you.
Lower Insurance Rates: Insurance rates are often directly tied to the value of your vehicle. Because used cars typically have lower values than their new counterparts, you may see cheaper insurance premiums with a pre-owned vehicle.
Variety: When you opt to buy used, you’re not limited to the models released in the past year or two. This opens up a wide range of vehicles, from classic designs to models with particular features no longer in production.
What Should You Look For When Buying a Used Car?
While buying a pre-owned vehicle comes with many advantages, it’s essential to conduct due diligence before making your purchase. Here are key aspects to consider:
Vehicle History Report
An essential tool for any used car buyer is the vehicle history report. Websites like CARFAX and provide detailed reports outlining any accidents, title issues, and service history associated with the vehicle’s VIN. This can give you a better understanding of what the vehicle has been through before reaching you.
While a vehicle history report can provide a wealth of information, nothing replaces a thorough mechanical inspection. Hire a trusted mechanic to look over the vehicle and identify any potential issues that might not be immediately visible. Or ask the selling dealer for the vehicle’s reconditioning records and repair orders. This could save you from unexpected repair costs down the road.
While low mileage can often mean less wear and tear, don’t let a vehicle with higher mileage deter you. Many modern cars are built to last and perform well over 100,000 miles. What’s more important is how those miles were accumulated and if the vehicle has been properly maintained.
Never buy a used car without taking it for a spin first. A test drive can give you an idea of how the vehicle handles and if there are any
noticeable problems while in motion. Listen for any strange noises, pay attention to the brakes, and see how the car shifts between gears.
With the potential for cost savings, lower insurance rates, and a wider variety of vehicles to choose from, buying a pre-owned vehicle can be an attractive option for many buyers. By keeping a close eye on the vehicle’s history, getting a pre-purchase inspection, considering mileage in the context of maintenance, and taking a thorough test drive, you can ensure you’re making a smart, informed decision.
Remember, every used vehicle is unique. Take the time to find the one that fits your needs and budget. View our Used Inventory and either Call or Stop in today!