Perks Of Buying Used Cars | Draper UT | Serving Salt Lake City & Orem

Affordability

Pricing is a significant benefit for buying used. Because a used car is objectively cheaper than its newer equivalent, if you take out a loan, your down payment and monthly payments will be more manageable than they would be for a used car. It's also easier to pay for a used vehicle all at once, meaning you wouldn't even have to worry about paying on it monthly. Buying used could also mean spending less for more features, or for a nicer model than what you had previously.

Lower Insurance Rates

In addition to lower payments, you'll find that protecting your used vehicle will also be more affordable. Insurance rates are calculated according to the value of your car, and since used cars cost less, so does their insurance.

Slower Depreciation

A new car loses a big chunk of its value within the first few years of ownership. While depreciation is a constant process with cars, it tends to level out more after those years. A used car will likely have already gone through this steep decline in value by the time you purchase it, meaning you ultimately pay less.

Options

Models get discontinued fairly often in the automotive industry, sometimes even ones that we may love. When you buy used, that becomes less of an issue. Additionally, you can find cars with different trims or features that may no longer be available on those models. Buying used is all about options, because you aren't limited by the features and trims of just one year.