Why You Should Consider Buying Used Cars In Montgomery
If you want to save money when buying a car, consider looking for a used one. Today, cars have extended useful lives compared to past years. Although it makes a lot of sense to buy a used vehicle, you must do your homework to ensure it is in good shape. The dealership you choose will also determine whether you will enjoy your car-buying experience. As such, you have to look for the best used car dealers in Montgomery, Alabama. Read on to discover the reasons why you should buy used cars in Montgomery.
1. Save Money
Purchasing a used car will save you thousands of dollars. If you choose a relatively used vehicle, you will spend about $13,000 less compared to an average new vehicle. New cars depreciate fast. If you bought a brand-new car, took a ride around town, and returned it to the dealership, it will no longer be new. Since it is used, it is worth less than you paid for in just a few hours ago. Studies suggest that a new car is worth about 54% of its original price after three years of usage. Additionally, a used car attracts fewer sales tax, and the insurance cost is less.
In the 1970s, cars rusted apart within a decade. Today, vehicles last longer. You can use a modern automobile for over ten years. As such, you can spend less on a used car and expect a long service life.
3. CPO Programs
Leasing is now popular among new car buyers. Most lease terms include restrictions on vehicle maintenance, mileage, and condition. Due to these terms, people take good care of vehicles to avoid hefty fines at the end of the lease period. After the lease period is up, the buyer returns the car. Typically, the vehicle is returned to the dealership’s certified pre-owned (CPO) lot. Since these vehicles are perfect for CPO programs, a used-car buyer is guaranteed to get a car in almost excellent condition. Vehicles in CPO programs have low mileage, and up to date maintenance thus making them ideal for you.
4. History Report
When buying a used vehicle, you have to obtain its history report. Companies such as Carfax can use the car’s VIN to get any information on a used car. The company can verify the car’s mileage, provide all information about previous owners, and whether it was ever involved in an accident. Having easy access to such information will give you a peace of mind when buying a used vehicle.
5. Financing Options
Although used cars attract higher interest rates compared to new vehicles, automakers offer attractive financing options for CPO vehicles. However, consider paying a large down payment to reduce your instalments.
Most people purchase used cars for one reason: it is cheaper than a new one. Nevertheless, there are several other reasons to consider. Used vehicles are not necessarily of poor quality. Most have durable engines and can serve you for many years.