Looking for Your Next Ride? Consider These Benefits of Used Vehicles

If you’re looking for a car, there are a few reasons to consider shopping at used car dealerships in Lafayette, IN. Today’s used cars last a lot longer than those of days gone by, and in the long term, they cost less than new models. Here, you’ll find out why buying a used car is such a great idea.

Avoiding Depreciation

A new vehicle depreciates by about 20% as soon as it leaves the dealership, and it loses roughly 10% more during your first full ownership year. If you buy a used car that’s between one and three model years old, you’ll avoid the financial effects of depreciation.

Lower Auto Insurance Rates

Because used vehicles cost less than new ones, they typically cost less to insure. As a matter of fact, if you buy a used vehicle that’s old enough, you can skip collision and comprehensive insurance and save even more.

Reduced Registration Fees

Like auto insurance, most states charge lower registration fees for vehicles with low purchase prices. As various states increase registration fees to generate revenue, buying from used car dealerships in Lafayette, IN, will help you avoid those costs.

More Room to Negotiate

When you buy a used vehicle, the dealership may be more likely to negotiate on the asking price. This is not always true of newer trucks, cars, and sport utility vehicles.

Reduced Maintenance Costs

Because you’re not buying a brand-new car (with brand new parts), maintenance costs will likely be significantly less. You’ll also save money on synthetic oil, internal parts, and much more.

Making a purchase from one of the used car dealerships in Lafayette, IN, is a great idea, simply because so many options are available. If you’re thinking of buying a used vehicle, we’re the best place to start. Give us a call for more details or stop by today for a test drive.