If you are in the early stages of the car shopping process, you may be facing a very common question - should you buy new or used? The fact is, there are pros to both options. Your final decision may have to do with budget, personal options, priorities, as well as truly figuring out which vehicle would work best for your daily driving needs. You may be hesitant to get into the unknowns of used car sales, but if you shop at a certified dealer, such as Circle Buick GMC, those unknowns are eliminated. A dealership will not only have a wide variety and selection of used cars, trucks, and SUVs, they are able to offer vehicles with extended warranties, to give you that extra peace of mind. Overall, there are many benefits to buying used, so we have compiled the top reasons to buy your next car used.
Car Shopping Budget
Most people come into the car-shopping process with a certain budget. While some brand new cars can be bought on a smaller budget, the majority of higher quality models loaded with features, such as a Buick or GMC do require a certain budget. The good news is, if you are on a limited budget, but have your heart set on a vehicle out of your range, you may very well be able to afford a late-model pre-owned version of it. Buying used offers the best of both worlds - a modern, up-to-date vehicle that is budget-friendly!
Everyone knows that cars depreciate. Outside of a few exceptions, buying a new car as an investment is a bad idea. Cars are lasting longer and longer, but vehicles still lose most of their value early in their lifespan. You can expect your new car to lose up to 50% of its value within the first three years. So buyers need to decide if the perks of a new car (warranties, free maintenance, low financing) outweigh their depreciation rate.
You may think that there are a lot of new models released every year. However, the number of used vehicles is far superior to the number of new vehicles. This is because the used market provides a much more vast selection of types of vehicles.
Lower Insurance Costs
Car insurance rates are lower on a used car. Insurance companies determine your rates through a few different factors. One is the value of your vehicle. Think about it the more valuable the car, the more money the insurance company will potentially have to shell out in the case of an accident. So it’s understandable that a Buick purchased used will cost less to insure than one purchased new, and that all comes back to depreciation. However, you probably won’t notice that many differences between a brand new Buck versus a three-year-old one but you can be sure that your insurance company will tell the difference.
Cheaper Registration Fees
Depending on what state you live in, your vehicle registration could cost less. Yes, some states charge the same fee no matter what kind of vehicle, but others calculate theirs based on a car’s age, weight, or even power. On top of registration, many states charge yearly taxes, often based on a vehicle's age.
Visit Circle Buck GMC for Used Trucks, Cars, & SUVs in the Highland IN Area!
If you are in the market for a pre-loved vehicle, start and end your search with Circle Buck GMC. Our vast selection of used and premium certified cars, trucks, and SUVs make finding the perfect vehicle easy. We are a family-owned dealership that gives you the peace of mind and vehicle you've always wanted at a great price. Plus, with our one-hour buying process, you can purchase a vehicle quickly and easily, thus limiting the amount of time you have to wait.