Interested in buying a new car but feel overwhelmed by the costs involved? You might want to consider investing in a used Ford at Gengras Ford. There’s no need to compromise when buying a used car; in fact, there are so many benefits to buying a used vehicle.
Affordability
By buying used, you can get into a vehicle for much less. By making a smaller investment, you can have lower monthly payments, which can make a new-to-you car easier to budget for as well. You can utilize various online payment calculators to see just how low your payments could be.
Cheaper Added Costs
Affordability isn’t the only reason to invest in a used vehicle. When a vehicle’s value is less, they are also cheaper to insure.
Plus, you typically don’t need as much coverage for a used car as you do for a new model. A used vehicle is generally cheaper to register as well.
Less Depreciation
New cars start to depreciate as soon as they’re driven off a dealership lot. In the first year alone, new cars can lose up to 30 percent of their value. After that, they continue to depreciate approximately 15 percent each year.
This type of depreciation can result in a major loss of value, sometimes even resulting in new car owners becoming upside-down in their auto loans. Fortunately, you can avoid this decrease in value when you opt for a used vehicle that has already experienced depreciation.
Plethora of Options
Another benefit of buying used is all the options that are available to you. When drivers want to purchase new vehicles with limited budgets, they often feel that their new car options are limited.
There are virtually limitless options available when you buy used. Here at Mac Haik Ford, we even carry vehicles that are priced under $15,000 and certified pre-owned vehicles that give you added peace of mind.