Is It Worth Buying a Used Vehicle?

By Product Expert | Posted in Used Vehicles on Friday, July 15th, 2022 at 4:03 am
2021 Buick Envision

3 Advantages of Buying a Used Vehicle You Must Know

If you’re in the market for a new vehicle, you may wonder, “Do I need a new car, or am I willing to consider a nearly new car?” New cars are fantastic, but there’s much to be said for significant savings. If you’re in the market for a new car, you could save $5000 or more if you decide that a nearly new vehicle is an adequate alternative for a new one. Read the blog post by Eric Von Schledorn in Milwaukee, WI, to learn more about the advantages of buying a used vehicle.

  You may also like: Is the 2022 Chevrolet Trax technologically advanced?

Decreased vehicle depreciation  

Vehicle depreciation is an unavoidable fact of driving, but a used vehicle depreciates much less than a new vehicle. When new cars are driven off the lot, they decline by about 20%. Most cars will lose another 10% of their value in the first year. That is a 30% decrease in value during the first year of ownership.  

A used vehicle depreciates much more slowly than a new vehicle. This is because the vehicle will have suffered significant depreciation when you get behind the wheel. New cars depreciate the moment they leave the lot, but used vehicles depreciate more slowly, resulting in a more stable loan-to-value ratio.

Two car mechanics checking a vehicle's underbody

Tension-free drive 24×7  

A used car has its own set of advantages. The main benefit has to be the feeling of driving without tension, without the jitters of getting that first dent or scratch, which only a brand new car is prone to. You can even take it out for longer trips as soon as you buy it, as buyers avoid taking a brand new car out for longer trips before the first service or inspection.  

Insurance is Less Expensive  

While a dealership may require full insurance coverage for a new vehicle that you’re financing, you may be able to save money on insurance if you buy used car cash.

You may also like: Is Buick Envision a Good Family Car? 

Head to our dealership in Eric Von Schledorn in Milwaukee, WI., to experience our neatly maintained vehicles in reality. Do you want to take our car out for a spin before the purchase? Then visit us and our team will assist you.

Share this page