The used car: More beneficial than you might think
By Benjamin Burton Jr.
It seems as if everyone is trying to get a little more mileage out of their dollars these days. In Atlanta, where the cost of living is among the highest in the nation, maximizing your buying power is paramount to enjoying everything the city has to offer. Purchasing a new(er) vehicle is, of course, no exception. While a new car may not be in the cards for you, a used car is just as good a buy in many cases.
Probably due to Hollywood's continuing campaign against all things pre-owned, used cars and used car salespeople have gotten a bad rap over the years. While there are a few unscrupulous individuals out there willing to sell you a lemon just to make a quick buck, the majority of used car dealers aren't this way. It's just not good business. With that in mind, here are a few used car benefits.
Well, this may seem obvious. After all, you probably wouldn't be buying a used car if you weren't at least a little price conscious. What may be less obvious is just how much money you can save with this type of purchase.
According to cars.com, in 2011 the average price of a new car, before taxes and fees, was $29,916. For used vehicles, the price was $9,297. Of course, this is just an average, but you see the trend here. You stand to save quite a bit of cash going with used versus new.
Less value depreciation
It's a well-known fact that the minute you drive a new car out of the lot, it begins to lose value--rapidly! Remember the price differential between new versus used cars mentioned earlier? You could be the person who spends $30,000 on a new car and have to sell it at a $20,000 loss or you could be on the other end of that equation and save yourself that $20,000 by buying used.
Typically a new car will lose about 25 to 30 percent of its value in the first two years that you own it. This is drastically reduced in used vehicles, depending on how well you maintain it.
Not all used vehicles will be certified pre-owned, but many dealerships do offer them. If you can, go with this type of used car over a non-CPO. There are a number of reasons for this, including:
Take some time to decide what's right for you, and when you're ready to make your purchase, visit one of your local Atlanta dealerships!
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