When it comes to buying a car, there are a lot of factors to consider. One of the most essential is whether to buy a new or used car. Both have their pros and cons, but when it comes down to it, many people think that buying a used car is the smarter option.
However, which is the right option for you? Do the advantages of buying a used car outweigh those of purchasing a new car? You'll need more information to determine whether buying a used car makes more sense.
So, why buy a used car? Here are seven reasons why you should buy a used car:
1. Used cars are cheaper than new cars
The most obvious reason to buy a used car is that it costs less than a new one. New cars can lose up to 20% of their value as soon as they're driven off the lot. On the other hand, used cars have already taken that initial hit in depreciation, so you can often get a great deal on a gently-used vehicle.
2. You have more negotiating power with dealers when buying used
Car dealerships are typically more firm on pricing for new cars. When you're buying used, however, they may be more open to haggling, which means you could save some extra cash.
3. You may be able to get a better car for your money
When you buy new, you often pay for features you don't need or want, such as a sunroof or heated seats. By buying used, you can often find a vehicle with all the bells and whistles but without the added cost.
4. Used cars are easier on the environment
Every manufactured product has what's called an ecological footprint, which is the amount of resources used and pollution emitted during its production. When you buy used, you're not responsible for the ecological footprint of producing a new car, so it's better for the environment.
5. Used cars don’t lose value as quickly as new cars
As soon as you drive a new car off the lot, it can depreciate 20% or more in value. That means if you paid $30,000 for your new car, it could be worth only $24,000 by the end of the year. On the other hand, a used car has already taken its biggest hit in depreciation and will likely hold its value better over time.
6. You can avoid "new car" fees
When you buy a new car, additional fees are often tacked on above the purchase price, such as destination charges, advertising fees, and more. These can add hundreds or thousand of dollars to the final cost of your new car. When you buy a used car, these fees are often lower or not included in the price.
7. You can get a great deal on a used car
Because used cars have already taken their biggest hit in depreciation, you can often find one that's only a few years old and save thousands of dollars off the purchase price. With the money you'll save on your monthly payments, you can even afford to upgrade to a nicer model!
Shop Used Cars for Sale in Coeur d'Alene, ID
Now that you know more about the advantages of buying a used car, are you ready to explore the new deals on used cars in your area? If so, Coeur d'Alene Honda is here for you with quality pre-owned vehicles for sale at competitive prices.
We're home to high-quality used Honda cars for sale, including certified pre-owned (CPO) examples. Why buy a certified used car? There are several reasons. With a CPO Honda, you'll enjoy peace of mind knowing it has been rigorously inspected and reconditioned and comes backed by an updated Honda factory warranty.
Coeur d'Alene Honda is your local source for used car financing in Coeur d'Alene, ID. So uncover your auto loan options today to find out how affordable it can be to upgrade to a late-model Honda at our car dealership.
When your Honda requires routine maintenance down the road, you can always count on our on-site Honda service center to provide the quality auto care and repair it deserves. For all your pre-owned Honda and used car needs around Coeur d'Alene, ID, visit Coeur d'Alene Honda!