Why Buying A Used Car Is Better Than Buying New

Why Buying a Used Car Might Be the Smarter Choice

Why Buying a Used Car Might Be the Smarter Choice

When it comes to buying a car, shiny and new isn’t always the smartest route. In fact, purchasing a used car often makes more financial and practical sense. Here’s why going the pre-owned route might be the better option for you.

• 1. Avoid the Depreciation Hit

  The second you drive a new car off the lot, it loses up to 20% of its value. Within the first year, it can lose as much as 30%. With a used car, the original owner has already taken that depreciation hit—so you’re paying closer to the vehicle’s actual value.

• 2. Lower Insurance Costs

  Insurance premiums are typically lower for used cars. Since the car is worth less than a new one, insurers take on less risk, and that savings gets passed on to you.

• 3. More Car for Your Money

  Your budget stretches further with used cars. That means you might be able to afford a higher-end model or one with more features than if you bought new.

• 4. Slower Value Drop

  Used cars depreciate more slowly than new ones. This means that if you decide to sell or trade it in later, you’ll lose less value than with a newer car.

• 5. A Wider Selection

  When you shop used, your options aren’t limited to the latest models. You have access to a broad range of makes, years, styles, and price points—giving you more chances to find the perfect fit for your needs and lifestyle.