Why Buy Used?
Sometimes it’s important to take a step back and ask ourselves a simple question: why? Now, there are hundreds of instances in which asking why could save us from making a poor decision, but for our purposes, all that is important is that when you sit down to think about buying a new car, ask yourself – why? Why do I need to buy a new car, when a used car could be such a great option? Why would I buy a brand-new Chevrolet, when there are plenty of great used Chevrolets in Cincinnati?
If you are finding yourself stuck in the boat of why and are having trouble figuring why buying used is the best way to buy a Chevrolet in Cincinnati, simply read on and let us explain to you why buying used is usually the best way to car shop.
Buying Used Saves You Money
Of course, there are exceptions to every rule, but for the most part, unless you are buying a used Ferrari or some other supercar, buying used is simply the most affordable option. If you don’t believe us, simply consider what CarFax has to say about depreciation:
The minute a person drives a new car off the lot it loses approximately 10 percent of its value. By the end of the first year, that car will lose an additional 10 percent on average.
Think about that. If you buy a brand new car, the simple act of putting the key in the ignition, putting your foot on the gas and cruising out of the car dealership is going to cost you 10 percent of your car’s value. You may as well have just handed all that extra money over the dealer right then because chances you’ll ever recoup that loss are extremely slim.
Oh, and if you’re sitting there trying to justify buying new because you don’t think a 20 percent depreciation hit is all that bad, don’t get too comfortable. CarFax also wants you to know that “new cars continue to lose value for four more years, averaging a decline of 15-25 percent per year. On average, a new car will lose 60 percent of its total value over the first five years of its life.” Of course, five years sounds like a long time, right? Well, in-car world, it is simply no time at all – in fact, often times a five-year-old model car is shockingly similar to the brand new model because they are in the same generation… which essentially means the car model has remained more or less unchanged, save for a few upgrades here and there. Best of all, because the body types so rarely significantly change within a generation, you might know that you’re driving an older model car, but it’s highly doubtful that anyone passing you on the road will.
Buying Used Gets You More of the Good Stuff
Now you’re probably thinking, “oh great, so someone flying by me at 70 miles per hour on the highway won’t know my car is a used, older model, but what about my passengers?” Well, here is the trick about buying used: because you’ll be saving so much money buying a car that’s a few years old and not a brand-new model, you’ll be able to afford a much nicer trim than you would if you were buying new. In other words, you could ostensibly buy the top-notch trim on the 2013 Chevrolet Malibu – which would come with heated front seats, leather interior, Bluetooth, satellite radio, a CD player, heated mirrors, smartphone integration, remote start, dual-zone climate control, a leather-wrapped steering wheel and an upgraded audio system, just to name a few of the standard features – all for much less than you’ll spend on purchasing the top trim (not to mention any additional packages) of the 2018 Chevrolet Malibu. And if you really want to get the best of the best, you could also find a 2013 Chevrolet Malibu that the previous owner bought the optional sunroof, navigation, keyless entry, garage door opener, or xenon headlights for. When you’re buying used, the choice is yours but the brand-new, straight-off-the-lot price tag isn’t – and with such luxe interior features, your passengers will never even realize that they are driving in an older model used car.
Buying Used Gives You Time To Do Your Research
So maybe you don’t care about spending money and saving some serious dough is simply not a compelling reason for you to buy a used car. Be that as it may, we’re willing to bet that having a reliable, safe car that is not constantly requiring service is probably pretty high on your list of car-ownership requirements. Again, this is where buying used is just so much smarter than buying new – because buying used gives you the luxury of time. Think about it – when a new make or model hits the dealerships, who are going to be the people stuck with the recalls, the breakdowns, and the faulty designs? The people who rushed out and bought brand new cars and are now stuck facing an unknown number of repairs and updates to their shiny new rides.
When you shop for a used car, you can sit down and thoroughly research the vehicle so you’ll know exactly what you’re getting yourself into. Most likely, if you’ve found out that a car you’re interested in has performed terribly in the National Highway Traffic Safety Administration’s crash tests and has a lousy reliability score from J.D. Power and Associates, you’re going to pass on buying that vehicle in lieu of one that has performed much better over time. When you shop for a brand new car, you’ll simply have to accept the risk of potentially buying a poorly designed, or structurally flawed model. Why not just buy used and save yourself the worry and most of all, the hassle of having to bring your brand-new car in for repairs?
Buying Used: It’s the Smarter Choice
Look, we aren’t saying that it’s not fun and exciting to buy new – it most certainly is! And for some people, buying new actually does make a lot of sense. But if you’re on a budget or worried about how your car will hold up over time, make the smart choice and simply buy a fantastic, well-cared for older model car. After all, simply ask yourself “why not give buying used a chance?” You can thank us when you’re sitting in the driver’s seat of your top-trim older model vehicle with your wallet lined with all the extra cash you’ve saved!