Why Buy Pre-Owned?

Why Buy Pre-Owned?

           Pre-owned SUVs, trucks and cars are reliable options for purchasers looking for a budget-friendly vehicle that meets their needs. Still, purchasing a pre-owned vehicle can be a little nerve-wracking, especially if you may not be familiar with the vehicle purchase process or the automotive industry. At Mike Albert Sales & Service, we strive to use our experience and expertise to provide you with the knowledge you need to purchase the right pre-owned vehicle. Read on to learn the unique advantages of buying pre-owned.

Avoid Depreciation Through Buying Pre-Owned Vehicles

You may have heard that a brand new vehicle loses some of its value as soon as it leaves the dealer lot. This is a result of depreciation, which occurs when a car loses the intrinsic value of being brand new. According to Carfax.com, the value of a new vehicle can depreciate by 10 percent in just the first month. The depreciation only continues, as most new vehicles lose up to 20 percent of their value in the first year of ownership. After that, their worth can decrease by around 10 percent annually. 

This means that within 5 years of buying a new car, it may be worth only 40 percent of the price at which you initially bought it. With pre-owned vehicles, the majority of this value reduction has already occurred. When buying a pre-owned car that’s just a few years old or less, you can avoid the impact of a brand new car’s price tag and retain the value of the car you’ve bought.

Save More (Than Money) By Going With Used SUVs, Cars or Trucks

It’s no secret that pre-owned cars tend to be more affordable than their new counterparts. In fact, according to cars.usnews.com, pre-owned cars depreciate slower than new cars as they age, meaning your vehicle holds value for longer. But what else makes a pre-owned vehicle valuable? A vehicle’s pre-owned status makes it easy to know its history, meaning that you can quickly find out how many owners the car has had, how often it was serviced, and if it has parts or manufacturer issues that require expensive repairs. Available vehicle histories ensure you save yourself time and unforeseen troubles by having an understanding of the different stresses your pre-owned vehicle has been placed under.

 Additionally, while a good deal on a new car might seem like you’re getting more bang for your buck, many new vehicles come with hidden costs. Besides factoring in depreciation costs, you might also find that high sales tax, shipping charges, “dealer preparation” fees, registration fees and other costly burdens drive up the price of a new car. Depending on your insurer or financer, acquiring insurance and financing for a new car might also be costly. A pre-owned car can provide a more affordable option without all the hidden charges.

Maintain High Quality While Buying Used Cars

Most importantly, buying a used vehicle can help you save money without sacrificing standards. Modern vehicles are made to last more than 100,000 miles, and they retain reliability for years after being released. At Mike Albert Sales & Service, you can even find used cars in like-new condition with very few miles. Certification programs and extended warranties for pre-owned cars also offer peace of mind to ensure your deal is a great one. Furthermore, purchasing a pre-owned vehicle opens the possibility of getting something better for your budget than you may have gotten new. For example, it’s possible to get a premium, luxury SUV or sedan from brands like Audi or Lexus for the same price as a standard, new sedan from a budget brand. Buying a pre-owned car provides the same satisfaction as buying a new car and can provide long-lasting quality. 

Buying Pre-Owned SUVs, Trucks or Cars at Mike Albert Sales & Service

Buying a pre-owned car is a great way to combine quality and good budgeting. When you make the decision to do it, we’re here to help you every step of the way. Each of our used vehicles for sale has had a complete background check, so you know everything you need to from the beginning. As a trusted, long-time dealer of used trucks, SUVs, cars and commercial vehicles, Mike Albert Sales and Service is delighted to assist you in your car search. Call or visit us today to see our great selection of pre-owned cars!

 


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