Opt for a High-Quality Used Vehicle From A Buy Here Pay Here Dealership Instead!
Every driver wants a brand new vehicle that is – and always has been – all their own. But while the words “brand new car” look good in writing, it’s actually not the best idea. Purchasing a used car is more beneficial in the long run, and is also a smarter financial decision. And if you really want to make the most of your car financing, you should opt for a buy here pay here used car.
Here are just a few reasons why you shouldn’t buy a new car, and why a pre-owned vehicle can provide you with more value.
#1 – It’s Going to Cost You More
A higher price tag can be expected with a brand new car, but in reality, you’ll be paying even more than this stated amount. Expenditures over time quickly add up, meaning you’ll have to cover more out-of-pocket costs than you may have initially bargained for.
Purchasing a new car means that you’ll have to pay for more expenses, like maintenance, car insurance, sales tax, and repair costs, just to name a few. When you compare the total of these costs over a certain period of time, you’ll find that a used car will save you more money in the long run.
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#2 – Quicker Depreciation
If you’re deciding between a new or used car, you’ll want to account for depreciation. New cars have a quicker depreciation rate, making your car less valuable when it eventually comes time to trade-in or sell your ride.
In fact, new models depreciate 5 to 20 percent immediately after you drive off the dealership’s lot. To get the most value out of your investment, it’s best to buy a used car.
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#3 – You Have Fewer Choices
If you’re working with a budget, it can be difficult to find a brand new vehicle of your desired make and model that also fits within your price range. You’ll soon come to find that your options are quite limited. However, when you decide to shop for a used car, you’re more likely to find the car you want for a great price.
Have your eye on that BMW? Instead of purchasing the newest model, opt for one that is two or three years old to accommodate your personal budget and still acquire the ride you’re dreaming of.
#4 – Higher Insurance Rates
Because new cars are more susceptible to theft and have a higher value, they’re typically more expensive to insure. The vehicle’s insurance rate largely depends on the vehicle itself. If you’re considering a luxury vehicle, you can expect a higher insurance rate because they require a more costly repair. Still, purchasing a used car can keep these rates as low as possible.
#5 – Higher Sales Tax
Many states require sales taxes and registration fees for any car purchase. New cars have a higher selling price, so these fees will be significantly higher compared to those of a used car purchase.
Sales tax is inevitable, so you might as well do all you can to lower these costs. Purchasing a used vehicle is a great solution.
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The Bottom Line
Overall, if you’re looking to get the most out of your car purchase, you’ll want to consider shopping for a used car near you. Not only have these vehicles been tried and tested, but they keep more money in your pocket and help you save big on your investment.
An expert at a used car dealership can work with you to find a pre-owned vehicle that suits your personal budget and needs. These car lots have a huge inventory full of vehicles of nearly all colors, makes, and models, so you’re sure to find exactly what you’re looking for.
And even if your credit score isn’t where you’d like it to be, you can still purchase your own used car. Buy here pay here dealerships offer unique in-house financing options that allow you to pay off your ride the same place you bought it.
Get Behind the Wheel of a Used Car Near You!
Luckily, there are plenty of used car dealerships near you to choose from. To begin searching for your new ride, just type “buy here pay here used cars near me” into the search engine of your choice. This will provide you with a list of qualified dealerships within your area that can offer you high-quality, affordable buy here pay here used cars. Once you find a dealership that catches your eye, you’ll be one step closer to finding a used car to call your very own.