If you’re in the market for your next car in Centennial, Aurora, or Denver, there are several reasons why you should consider a used model. Used cars today last much longer than those of yesteryear and wind up costing much less than new models in the long run.
Mile High Honda goes over the top 10 reasons why you should buy a used car in the following post. If you’re considering a pre-owned car, truck, or SUV, here are a few reasons why you should buy a used vehicle now.
1. Avoid Depreciation
New vehicles depreciate about 20 percent as soon as they leave a dealership and lose another 10 percent in value during the first year of ownership. If you purchase a used vehicle between 1 and 3 years old, you can avoid this financial hit.
2. Lower Rates for Car Insurance
Since used vehicles come at a lower value than newer versions, the cost to insure them are generally less. In fact, used vehicles that are old enough can forgo collision and theft insurance, which add a significant amount to the overall cost.
3. Reduced Fees for Registration
Like car insurance, many states charge a smaller fee to register a vehicle if it had a lower transaction price. With some states increasing register fees to generate more revenue, buying a used vehicle is an effective way to circumvent rising costs.
4. Stretch Your Dollar Further
Purchasing a used car is a great way to get a high-end or luxury vehicle that might not fit in your budget otherwise. Generally, you can get more bang for your buck when you purchase a used vehicle.
5. Used Cars Are Reliable
Cars that are manufactured today are much better than those of the last century. In fact, by the summer of 2015, the average car driving on the road in America was 11.5 years old. Modern vehicles are designed to last longer, which makes used cars today more reliable and dependable.
6. Certified Pre-Owned Vehicles
With certified pre-owned vehicles, you can get a car that drives like new. They undergo tests and are fully inspected before they appear on a dealership’s lot, and are only sold if the dealer lists them as certified.
7. Vehicle History Reports and Lemon Laws
When you’re considering a used vehicle, you can access its history report on sites like CARFAX and AutoCheck, which can help to determine the kind of condition it’s in. There are also lemon laws in place, which reduce the risk of purchasing a used vehicle with hidden problems.
8. A Great Way to Go Green
If you’re trying to make an eco-conscious car purchasing decision, a used vehicle may be a great avenue to take. It takes more energy to build a new vehicle than it does to purchase a pre-owned one, as long as it doesn’t guzzle gas.
9. Leave Room to Negotiate a Deal
When you’re purchasing a used vehicle, the seller may be more willing to negotiate on its asking price. This isn’t always the case with newer cars, trucks, or SUVs.
10. Cut Down on Maintenance Costs
Since you aren’t getting brand new parts for repairs with your used vehicle, maintenance costs tend to be less. You can also save on premium oil, internal configurations, or more.
- Used Car Buying Tips
- Benefits of Buying a Used Car from a Dealer
- Questions to Ask When Buying a Used Car
- Can You Lease a Used Car?
Contact Mile High Honda for More Information!
Buying a used vehicle in Centennial, Aurora, and Denver is exciting, especially with so many great options on the market today. If you’re considering a used vehicle, Mile High Honda has a full inventory of pre-owned and certified pre-owned vehicles, and we can help you select one that’s perfect for your budget and lifestyle.
To find out more, stop by Mile High Honda, conveniently located at 2777 South Havana Street, Denver, CO 80014.