The Benefits of Buying a Pre-owned Car
So your car recently breathed its last breath, and now it’s finally time for you to look into buying another car. For many, car shopping is a stressful process that takes time, effort, dedication, and above all else, money—and while there’s no denying that the car-buying process can be difficult, there are ways to make it simpler. Buying a new car certainly has its advantages; the new car smell and latest amenities offer drivers an exhilarating and exciting new experience. However, paying the price for those few benefits with our hard earned money is a reality check many tend to ignore.
If you’re in the market for a “new” car, there are other options available that don’t involve spending your next three paychecks on a down payment. With a little research and expert help, you can find a pre-owned car that has all the perks of a brand new car, but without the hefty price tag. In this article, we’ll go over the benefits of buying a pre-owned car and how you can get help finding the right pre-owned car for you.
Lower monthly payments
One of the most attractive qualities of pre-owned cars is the low monthly payment. New cars often have unreasonable monthly costs that make month-to-month living exhausting to keep up with. You shouldn’t have to sacrifice pleasurable activities in order to be able to afford your car payment each month; therefore, finding a reasonably priced pre-owned car is the way to go. Monthly payments and overall cost can usually be more freely negotiated with pre-owned cars as well.
Lower down payment
Since the overall cost of the vehicle is usually significantly cheaper than most new cars on the lot, dealerships will take a lower down payment for pre-owned cars. Having a manageable down payment makes the car buying process much simpler, attainable, and feasible for the average buyer. When buying a pre-owned car, you won’t need to take out a loan in order to afford it.
When buying a new car, we’re often highly concerned with the depreciation rate. You’ve often heard the caution, “the second you drive it off the lot it loses its value!” and there’s certainly truth to that. While pre-owned cars also depreciate in value like every other vehicle, it’s not usually a primary concern of buyers. Looking for a car that holds its value, such as luxury European imports, can help retain the value over time, allowing you to keep your options open if you ever choose to switch it out for another car.
Lowered Registration Fees
New cars have unprecedented registration fees that are often significantly lower in pre-owned vehicles. Usually based on the model year and fair market value, registration fees typically subside greatly once the car is a year or two old. Buying a car that isn’t brand spanking new can save you a chunk of change in the long run.
Condition and Quality
When buyers are faced with the option to purchase a pre-owned car, the first and automatic response is usually fear that the previous owner didn’t take good care of the vehicle. However, it isn’t difficult to find a pre-owned car that is in excellent condition with low mileage and a thorough maintenance history. To verify that your pre-owned car is in good condition and has been cared for properly over the years, you can also have a pre-purchase inspection performed.
What Automotive Imports Can Do For You
Here at Automotive Imports, we help clients all over the areas of Boulder, Lakewood, Centennial, Westminster, Littleton, and Denver, CO find pre-owned vehicles that are right for their own unique personalities and needs. Financial concerns are a huge topic of discussion between our team of experts and our clients; therefore, we make sure to provide prospective buyers with plenty of financing options, and a wide variety of makes and models to choose from. Furthermore, we can even help you maintain your vehicle for years to come, providing exceptional, affordable, and specialized services for a range of German-made, luxury European cars. To learn more about our inventory, our services, or our philosophy on automotive repair, maintenance, and sales, please look over our website or call one of our service professionals directly. We look forward to helping you find the car of your dreams at an affordable price.