Posted Thursday, September 2, 2021
When it comes to purchasing a new vehicle, there are a lot of incentives to buying a used car. As a used car dealership, we know there are many reasons to consider buying a used car, truck, or SUV when you’re in the market for a new-to-you vehicle.
Apart from your home, your car is likely the most expensive purchase you will make. At Autos 4 Less, we understand that you need to manage your finances in the best way without compromising on your love for nice cars.
There are pros and cons to buying both new and used cars, but for many people, used cars are the best option. Is a pre owned vehicle the right choice for you? Take the following into consideration:
Most people choose to buy a used car because of the cost. Used cars tend to be much less expensive.
According to Kelley Blue Book, the average cost for a new light-duty vehicle in January 2021 was just under $41,000. This is an increase of more than 5% over the January 2020 numbers.
While the used car market is currently also seeing large price increases, the average cost of a used car sits around $23,000, offering substantial savings to car shoppers.
By simply choosing to purchase used cars instead of new, consumers can expect to save near $18,000!
The moment you drive off the dealership lot in your brand new car, it has already depreciated in value. It’s no longer a new car and you would never get back the original value which you paid on the purchase. By your new car’s first birthday, it will have lost around 19% of its value. Fast forward another two years and within three years, a new car can lose around 50% of its value from the original vehicle price. Depreciation also varies the amount of use and vehicle condition. If your actual mileage is higher than average, you can expect your car will lose even more value.
If you choose to buy a used car instead of a new one, it’s likely you can get a bigger, better, or newer vehicle. Instead of paying the new car price on a small compact car, you could easily get a midsize SUV like a Toyota Rav4 or a vehicle with additional features and options. Many used cars are available with low mileage and newer vehicles may even have the original factory warranty in place.
Buying a car from a used dealership like Autos 4 Less means the dealer will take care of all the paperwork, including applicable tax, financing, licensing, and registration. All you need to do is sign on the dotted line!
While a new car dealer would also take care of the paperwork and government fees, there’s another stress factor that used cars can help you avoid: the fear of ruining your new vehicle.
When you buy a new car, even the tiniest dent or flaw in your new car can leave you sleepless for the night. However, with used cars, just one or two dents aren’t that worrisome for you. While everyone wants to keep their vehicle looking great, a used car doesn’t have as high of stakes.
While new cars can have additional safety features that can help to reduce insurance premiums vs other new cars, the main factor in determining your monthly insurance cost is the total value of a vehicle.
Since used cars cost less than new cars, it is likely you will have a lower monthly insurance premium if you buy a used car.
Sales tax is charged on the total price of a vehicle so the lower the overall vehicle price, the lower the sales tax you’ll pay.
But that’s not all!
In Washington, you can save even more on sales tax when you trade-in your old car and buy a new car at the same time. This only applies to vehicles that are traded in at a car dealership, so if you choose to sell your vehicle privately, the tax incentives vanish.
Often a dealer will add up extra unnecessary features on a new car purchase such as a pinstripe or a protective film. You may not need these features but the dealers often add it to their advertised price as a part of the purchase.
Unfortunately, there’s often not a good way to say with absolute accuracy how much value these features add. Oftentimes these add-ons are also available at a much lower cost from an after-market installer.
When you buy a used car, all these extra features may not be available but you’ll end up saving money on unnecessary stuff and add-on.
And if you would like to get a few add-ons or usability enhancements, you can always get it at a much lower price from the aftermarket.
Financing is an easy job with used cars, especially at Autos 4 Less.
We provide assistance on financing for cars and work with 25+ lenders to take the hassle out of getting approved for car loan financing.
Have bad credit? That’s not a problem at Autos 4 Less. We want to create the best car buying experience and we’ve created lender relationships that can help you secure approved credit for your new car, truck, or SUV.
If you are someone who loves variety, especially when it comes to cars then a used car is a perfect deal for you. The used car market has a much better variety of vehicles available at a lesser price.
While a brand new Toyota Camry comes in with an MSRP over $25,000, Autos 4 Less carries more than 100 vehicles under $25,000! That means you could get a great luxury car, truck, or SUV for less than the price of a new compact car!
Forget the old stigma that a used car has to have some defect or problem associated with it.
There are a lot of reasons that people sell or trade nearly new cars making which has helped to bring a lot of great quality used cars to the market. Many people, especially in the United States, don’t like to keep a car that looks old or outdated, even if it doesn’t have any problems. They want to have the latest models due to which many people sell their old cars in perfect condition just to get a newer model.
Relocating to different cities or states for an opportunity for a better job or pursuit of a business deal is another reason people tend to sell their nice used vehicles. Used car dealers often have cars in inventory in pretty good condition and many are late model and/or low mileage.
Even if you’re considering a vehicle that’s a bit older, there’s always the ability to see how it performs during a test drive. Still on the fence? An extended vehicle warranty is a great way to get additional peace of mind.
At Autos 4 Less, we offer a free vehicle history report for every car, truck, van, and SUV in our inventory. You’ll get information about the car’s history including any history of prior sale or accidents.
If the vehicle history report is good, then you can go ahead with the sale after a satisfactory inspection.
You see, it is less risky to buy a used car with all the data available.
Cars are being manufactured to last longer and with all the data available on a car’s history, you shouldn’t worry about the reliability of the purchase. As the automotive industry is progressing, customer satisfaction is being given more priority.
Used cars are a great way to find the vehicle you’ll enjoy driving while saving a lot of money. If you’re in the market for a pre owned vehicle, make sure to keep an eye on our inventory as vehicle availability is updated daily. We pride ourselves on creating the best car buying experience in Puyallup, Washington and we look forward to seeing you at our dealership for your next test drive!