Many car buyers have a lengthy debate over whether to buy a used car in Avenel, NJ, weighing the pros and cons of a new versus a pre-owned vehicle. Here are some of the advantages that come with buying a used automobile, brought to you by the experts at Sansone Auto.
1. Depreciation Advantages
Cars lose about 40% of their value in the first year alone. When you buy a used car, the depreciation has already been taken on by the original owner, leaving you off the hook. Cars also depreciate slowly once after three years on the market. As such, you can buy a pre-owned car, then sell it two or three years later for close to the same price you bought it for.
2. Lower Insurance Rates
Insurance rates are partly dependent on the vehicle’s model year. A car with a lower value (due to depreciation) is cheaper to insure. With a used car, you’ll pay less than what you would for a current-year car of the same model.
3. More Options
With our used inventory, you have more options compared to a new car. For example, you may be able to acquire a model that has since been discontinued. You may also be able to afford a premium trim that would otherwise be out of your budget range in a new vehicle.
4. History Report
As long as you buy from a dealership, the purchase will most likely come with a history report. You will have a full data report of the car, including the identities of prior owners and collision history. The report will also let you know if your car’s maintenance is up to date.
5. Lower Registration Fees
Annual registration fees fall significantly once a car is about five years old. Other factors like the specific model will also be a factor, but you can expect to pay less compared to a car in its current year.
Visit Sansone Group to see our pre-owned inventory, including an array of Certified Pre-Owned vehicles. Stop by for a test drive today!
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