Buying a used car can give you a plethora of advantages over buying new. Sometimes, buying a car that’s merely a year old can yield so many benefits that you may not know the difference between it and a new car—but your wallet just might! For instance, buying a 2017 Mazda6 GX used, after a year of gentle use, may seem no different than buying a brand new 2018 model. Here are some more of the many benefits that may come with buying a used car.
On the whole, used cars can generally be cheaper than buying new. In fact, many used car dealerships have payment plans that may be better investment in the long run. These payment plans can let you pay the used car off faster, which saves financing fees and interest rates. Not a bad deal! Plus, with all the money you might save on the first used car, you can put towards your next new one.
New cars tend to lose a large amount of their value the moment you drive them off the lot. Not to mention that if any expected wear and tear occurs, it may just seem to hurt more on a new car. However, with used cars, there’s no depreciation when you drive off the lot. Also, if you get a small ding in the door, it’s no sweat as it’s probably not the first time that’s happened.
Decreased Insurance Premiums
With a used car, you might pay less in gap insurance. Gap insurance can cover the difference between the original price you paid for your new car and its current value after depreciation. However, this may raise your insurance premium. Luckily, with a used car, you don’t have to worry about gap insurance or higher insurance premiums, because that depreciation occurred before you ever turned the key in the ignition.
With affordable prices, less depreciation, and decreased insurance premiums, buying a used car from a dealership can be a great deal. So, go down to a quality dealership, like Whitby Mazda, today, and check out the huge selection of used vehicles.