Why Buy a Used Car?

July 23rd, 2021 by

About 70% of people in the United States would be likely to consider buying a used car for their next purchase. Buying a used car can save you thousands of dollars and it has many other benefits.

Why buy a used car? Keep reading this article to find quality used cars near me and to find a great car dealer in Janesville, Wisconsin.

Great Value

One of the best reasons you should consider getting a used car over a new car is that it provides great value for the money you spend. Rather than having an auto loan that you pay off each month, you may be able to buy your car in cash!

When you buy a used vehicle, you can get more features and better options for less money! For example, if you want to buy the newest car on the market, you would have to pay a lot more for premium features, like heated seats, a sunroof, or even remote start.

However, if you buy a car you can get many more features without paying the extra money. Even if your car is only a few years old, you can find a much better deal with all the features you want.

Save Money For Other Auto Bills

Because you save so much money when you buy a used car, you can save the remaining money for other auto bills, like insurance. In the United States, the average person spends about $140 each month on car insurance. This totals about $1670 each year.

By saving money on the upfront purchase of your car, you can apply the money to your monthly car insurance payments.

There are other expensive aspects of owning a car. For example, you have to pay yearly fees to get it registered. You also may have a lot of repairs to make, depending on the type of car you purchase. Even filling your car up with gas can be an expensive purchase!

If you buy a less expensive used car, you can pay for each of these expenses with the money you saved.

You Can Buy Them From Trusted Sources

Next, you can buy used cars from trusted sources. While many people think that buying a used car means they have to buy from a third party that they don’t trust, this simply is not true.

In fact, more and more car dealerships are selling used cars as well. If you want to buy a used car from a dealership, you can be confident that you are buying a car with no issues that will last you longer.

Buying from a dealership also offers other benefits. For example, they may still offer financing options if you cannot buy your car outright. If you are worried about buying a used car from someone that isn’t trustworthy, you may want to consider buying it from a dealership instead!

When you buy from a dealership, you can also browse their current inventory of vehicles to see what types of cars they have available!

No Immediate Depreciation

Did you know that when you buy a new car, it loses value the second you drive it off the lot? This means that if you immediately sold a car after you bought it, you wouldn’t be able to regain all the money that you spend.

In general, cars lose value due to natural wear and tear. This means that over the years, your car will lose value and will not be worth as much money. However, used cars do not lose value as quickly. If you want to buy a used car and then you decide to sell it, you may even be able to make a profit.

You Don’t Need Credit

Finally, you don’t need credit to buy a used car. Car credit can damage your credit score if you miss payments on your auto loan or if anything else happens to your car.

If you don’t have good credit, you may not even be able to get a loan to buy a new car. Rather than worrying about lowering your credit score with an auto loan, you can buy a used car!

It Doesn’t Have to be Old

Finally, buying a used car doesn’t mean that you have to buy an old car! When people picture a used car, they typically think of beater cars that were made before the 2000s. What they don’t realize is that you can buy a used car that is only a few years old.

In fact, this is one of the best financial tips you can follow! Rather than buying an old car that you will need to replace or buying a new car that is more expensive, you should buy a car that is a few years old.

This will ensure that it will last you for many years and that it will not have too many miles! You get the best of both worlds— a newer car with great features and the less expensive price of a used car.

Why Buy A Used Car? Find A Dealership for Used Cars in Janesville, Wisconsin To Learn More!

If you are wondering, “Why buy a used car,” hopefully this article helped! Not only does it give you a great value for the cost, but you can still find a reliable car with low miles that will not damage your credit score. If you are looking for a used car company that will not damage your auto credit in Janesville, Cool Car Guys can help!

We work to make sure each of our customers gets approved for what they are looking for. We can help you find a great car in your budget and you don’t even need car credit. Contact our team today to learn more about our used car dealership and to check our inventory!

Posted in Car Buying Tips