There may be a lot of sleek, new vehicles out there, and most of us can’t resist the draw of a shiny new car that’s full of the latest features. But if you are aiming to be practical, you should seriously think about acquiring a pre-owned vehicle instead of a new one. There are many other reasons why more consumers are going for pre-owned vehicles nowadays, and it isn’t just about being practical, either. It’s also about making a wise financial decision and opting for something which can serve you for years without any regrets on your part. So what other reasons are there for you to get a pre-owned vehicle? Here’s why you should seriously consider buying a pre-owned vehicle today: the real benefits.
You can save a lot of money
This is perhaps the first and most obvious reason why more people are opting for used cars or vehicles: you can save a lot of money. And it’s true – on average, the prices of used cars and other vehicles such as SUVs and vans are around 50% less compared to new vehicles. That’s a whopping 50% of savings for you, which you can spend on other things (such as some great features). If you choose a used vehicle, you don’t have to be saddled with the vehicle loan for years, since you can pay off the loan much more quickly. Just think about it: if you pay around $10,000 for a pre-owned vehicle rather than $20,000 for a completely new vehicle, you can choose to have a better and nicer vehicle in a few years OR purchase another vehicle worth $10,000, allowing you to have two vehicles for the price of one new one.
No more worries about depreciation
Here’s another reason why it makes sense to go for a used vehicle: you no longer have to worry about the vehicle’s depreciation. We all know how fast vehicles can depreciate – in fact, it depreciates by about 30% in the first year alone, and it depreciates as soon as you start driving it. In the next few weeks, years, and months, your new vehicle will depreciate even more, and this isn’t such a great deal when you think about it in the end. But if you choose to have a pre-owned vehicle, most of the depreciation has already happened, so you don’t have to regret this fact anymore. And if you choose a great make and model, its value may even increase over time (think of those brilliant vintage collectible vehicles which everyone loves).
Say goodbye to extra fees and costs
Even if you are checking out a deal or package on a new vehicle, you will still have to consider those extra fees and costs which often come with new vehicle purchases, as confirmed by trusted Wyoming car dealers like Rocky Mountain Yeti Evanston. This includes shipping fees, destination charges, and so on – dealers can even charge you a ‘preparation’ fee for the car. There are also some advertising charges which you may have to contend with if you buy a new vehicle, which can be as much as a thousand dollars. With a used vehicle, you don’t have to worry about extra fees and costs; the highest fee you could expect would be a document fee, which can cost a few hundred extra dollars.