When Is the Right Time to Choose a Great Used Vehicle over New?
If you are in the market for a new car, there are many times where it makes more sense for you to choose a used car instead. This is largely because you can normally achieve more value and performance from a used car than a new car when you choose a model from a reputable dealer.
Here are some solid reasons to make your next car purchase a used car instead of a new one.
When You Have Your Own Business
If you are in service or sales for clients that are interested in you watching your bottom line, there is no better statement than getting a used luxury car that is beautiful to take them around in. A used Mercedes that has leather seats, a solid sound system, and looks good can give your clients the impression that you value quality goods, but you are not going to overbill them to be able to afford those items. A vehicle that is just a few years old will look virtually the same as the latest year model, and you’ll be able to get a higher specification for the same price.
If You Would Prefer to Own Versus Lease
If you go out and get a 60,000-dollar new car on a lease, it can be a source of pride and joy. On the other hand, when you own your car, you can put the level of insurance coverage on it that you want to, making your monthly costs come down. Owning a used car also gives you more flexibility when it comes to switching cars quickly should your circumstances or needs change.
When You Want to Pick up a Second or Third Car
If you are shopping for a personal auto and you already have a primary car that you use for commuting, your second or third car can be purchased used. This is mainly because the first few years that a car is in existence, it depreciates the most in value.
It makes little sense for some people to pay $75,000 for a car that will end up sitting in the garage all the time unless it is a rare classic that will appreciate in value over time. If you can pay $23,000 instead for a car that is four or five years old and still has a manufacturer’s warranty left on it, you will likely come out ahead.
When You Plan to Use a Used Car Dealer
Why would a used car dealer as your broker necessarily provide a better sales experience for you than using a new car dealer or a private party?
The number one reason to use a used car dealership when you go out to buy a used car is that used car dealers are the savviest people in the world at understanding which used cars actually have value. Every week they purchase used cars that must continue to perform for many years. They wouldn’t stay in business very long by selecting cars that won’t last.
Leveraging a Dealer to Get What You Need
Most used car dealers are pretty flexible when it comes to helping you understand the differences in options and extras. Because the cars that they sell are used, the additional features will already be built in and sometimes discounted, heightening the interest of most customers.
As you know this going into it, it is possible to save time with dealers by trying to pre-negotiate the features that you are looking for so that you can save time and money on the deal.
Another way to leverage a used car dealer is to find one that specializes in the type of car that you are interested in. Some dealers are generalists that are adept at explaining the benefits of a wide range of cars without ever focusing in one area. Others have a few brands that are consistent sellers for them so they become specialists that can locate or provide any type of that model for you throughout an entire metro region.
The physical closeness of a brick-and-mortar dealer can be used to help you test the cars that you are interested in advance of purchasing them. One of the best ways to do this is to schedule a free test drive of a car model that you like. If you aren’t used to driving that model, it will give you a very good idea of what to expect should you purchase that car type.
You can also leverage a dealer after the sale because most used car dealers have deals with or run their own mechanic and maintenance service for cars that they sell. A smart buyer of luxury or unique cars checks the company’s history of servicing cars that they sell because if they have access to specialists, it usually indicates that your used car will be well taken care of for a reasonable price when you buy from them. Using the dealer to maintain your car can normally save you 10 to 25 percent on complex repairs over the cost of using a dealer that did not sell you the car.
Finally, when you use a used car dealer, you can rely upon them to do things that private parties sometimes loath to do, like passing a pollution test for metro areas or certifying that a car continues to meet the active warranty requirements. That means that overall, there shouldn’t be any surprises or gotchas in the purchase process like there might be if you went online and found your seller on the internet.
Buying a car is an exciting time for most people. Finding a used car dealer partner that has the type of inventory that you like can save you time and money on your purchase. Leveraging their services and capabilities throughout the process means you end up with the best possible experience.