When you decide that it is time to buy a new car, you have the decision between a used vehicle and a brand new vehicle. While there are advantages and disadvantages to both, buying a used vehicle seems to be the better choice. Purchasing a used vehicle can mean that the car has had numerous owners and currently has thousands of miles or it can mean that the vehicle was driven for a couple of miles and then returned to the dealership. Buying a used car offers you the following advantages.
The vehicle holds its value longer
Most people do not plan to keep their vehicle forever. In fact, many drive their vehicles for a couple of years and then choose to upgrade. When it comes time to upgrade, they either sell the previously used vehicle or they trade it into their car dealerships in Charlottesville VA. For this reason, it is important to purchase a vehicle that will hold its value. This is especially true if you are getting any type of financing on your vehicle. New vehicles are at a risk of rapidly losing their value, with the chance of leaving you underwater on your car loan.
You have the ability to purchase certified
Perhaps one of the biggest advantages of buying a new car is that the vehicle is under warranty for many years. If anything goes wrong with the vehicle, the manufacturer, or car dealerships in Charlottesville VA cover the cost. In an attempt to increase the sales of used cars, many dealerships now offer certificated pre owned vehicles. This means that you can get the same price advantages of a used vehicle and still have it covered by a warranty. Car dealerships in Charlottesville VA, backed by manufacturers, offer certified used car programs for newer used cars (usually cars up to three years old).
Better price tag
Used cars almost always come with a lower price tag. Even a vehicle that was only driven for a couple of miles will have a lower cost than a brand new vehicle. Used cars are a great way to get a car buying deal. Think of it as a sale for a gently used item. You can even purchase a used vehicle that has a newer design and newer technology, which is becoming more important in vehicles. Gen Y consumers, who have accounted for 27.7% of new vehicle sales in 2015 are willing to spend an average of $3,703 on technology for their next vehicle. Fortunately, you save so much by buying a used vehicle from car dealerships in Charlottesville VA that you can splurge a little extra on technology.
The trend of buying used vehicles from the car dealers has caused the average purchase price of a vehicle to decline. The National Automobile Dealers Association forecasts a nearly 7% decline in the average used car price to just under $15,000 in 2016 from $16,025 in 2014. While some of this could be due to the fact that buyers no longer want to pay extremely high auto payments, much of it likely due to the fact that buyers are becoming more aware of the advantages of buying used.
How to find the right used vehicle
If you have decided that a used vehicle is right for you, how do you begin the car buying process? You will first want to visit local car dealerships in Charlottesville VA and get an approval. From here, you can begin looking at vehicles. Always try to purchase something that is pre owned certified. Additionally, bring along an auto mechanic to check for any needed auto body work. With the right amount of research and planning, you will find the right used vehicle in no time.
More and more car buyers are choosing previously owned vehicles. There are many advantages to a used car, including lower cost, certified ability, it holds its value better, and you can still opt for the latest technology. Buying a car is one of the biggest financial decisions that you will make. Make sure you are making the best decision.