3 Great Benefits of a Used Vehicle
If you’re an individual in the Rochester, NY area that’s looking to get their hands on a great vehicle that will give you a ton of benefits, consider buying used from us! Used vehicles offer a ton of benefits for drivers to enjoy. Don’t just take our word for it, either! Continue reading to learn more about the benefits of a used vehicle.
1. Buying Used Will Save You Money
This is an obvious benefit, but it can’t be stated enough! Used vehicles are often almost 50% lower in price than new ones, and so you can save a ton of money out of the gate. Not only that but financing a used vehicle will save you money over time compared to a new one, as you can get better rates on a loan that costs less!
2. Depreciation has Already Occurred
One of the lesser-known facts about a new vehicle is how fast it loses its value. A new vehicle can drop upwards of 10% the moment it’s purchased and drives off the dealership’s lot, with another 20% in value being lost in the first year. A used vehicle, even slightly used, doesn’t have this massive loss in value. The loan you took for $23,000 on a one or two-year-old vehicle still applies to a vehicle worth the value of the loan, or at least close to its value. This is not true for a brand-new vehicle priced and financed similarly.
3. Additional Warranty Options
Some used vehicles, typically those that are relatively still new, still have their original warranty on them. This original warranty can be further supplemented with an extended warranty from a manufacturer if the vehicle qualifies, or an extended warranty from the dealership of purchase. This means you can have greater coverage from a variety of sources with a used vehicle!
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These are just some benefits of buying a used vehicle from our dealership in the Rochester, NY area! To learn more about used vehicle purchasing, or to take one of our vehicles for a test drive, contact us today!