Buying a new car certainly has its perks, but buying a used car may have more benefits than you expect. Continue reading to learn why buying a pre-owned car may be the right decision for you.
3 Benefits to Buying a Used Car
Lower Rate of Depreciation
Just like any investment, the value of a car starts to depreciate as soon as the transaction is complete. With cars, however, the rate of depreciation is especially steep in the first 5 years of ownership.
As soon as a new car is driven off the lot, the value of the car drops by approximately 10%. By year 5, your new car could be appraised at only 40% of the price you paid for your car.
By buying a lightly used car, you will not only avoid the highest rate of depreciation, you may also be able to afford a model you could not afford new.
Better Reports and Transparency
While the financial benefits to buying a used car may seem obvious, many car buyers are nervous to buy used because there’s no way to know how a previous owner maintained the car.
While this may have been a reality of car shopping in the past, today there are a variety of resources available which offer transparency into the history of a used car. Vehicle history reports such as CARFAX® can remove the risk of buying used and allow you to reap the benefits of owning a pre-owned car.
Certified Pre-Owned Options Are Available
For an extra measure of confidence, you can purchase a Certified Pre-Owned (CPO) car instead. CPO vehicles are hand-selected by our licensed technicians and undergo a rigorous set of tests before they become available for sale. Because these cars are tested for quality and performance, they usually come with additional financing options or even an extended warranty.
Find a Quality Used Car in Madison, WI
If you’re ready to experience the benefits of buying a used car first hand, visit Zimbrick INFINITI of Madison. We have an impressive inventory of used cars for sale in Madison, WI. Explore our available used car specials online or contact us today to schedule a test drive.
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