5 Reasons to Buy a Preowned Vehicle Instead of a New One

The automobile market is thriving these days with modern engineering technology developing new and improved models with amazing hi-tech features. However, the market prices of these vehicles keep fluctuating with the different trends in the market so it is important to be aware of them before you decide to purchase a car. There has always been a debate about the advantages of preowned cars over brand new cars. Here are some factors listed to help you weigh the pros and cons when approaching a car dealer.

Cost

The most obvious benefit of getting a preowned car is the negotiable price depending on its condition and time of release. You can easily afford a really good preowned car within a reasonable budget. The trouble usually accompanying the payment of a brand new car is that the lack of good credit results in difficulties when applying for a loan.

Insurance

The insurance costs for a brand new car are much higher than those for a preowned car. Also the owner does not have to be on their toes all the time afraid to scratch or dent their new car accidentally. Overall, a new car is a much larger investment that not everyone at afford in difficult financial times.

Depreciation

Most car prices drop up to 40 % within the first year! This means that instead of walking into a showroom to select a new model, you can just purchase the same model from a quality car dealership company after a couple of months.

Improved Reliability

The business of preowned car dealerships has developed greatly in recent decades leading to a more flexible and reliable system of certified dealers. A new car comes with a definite full warranty that extends for a reasonable period of time. The original factory warranty on a new car can actually be transferred when it gains new ownership if the time falls within the preordained warranty of the car company. So a portion of the leftover warranty can belong to the new owner of this preowned car.

Choice of a Higher Model or Discontinued Features

Recently launched cars obviously come with attractive new features but they are not within everyone’s budget. One can easily buy a relatively new classy model with almost the same design and innovative features for a fraction of the original price. So a buyer can conveniently upgrade to a higher model well within budget. Sometimes a car enthusiast finds some older features more suitable for themselves that are absent in the latest models. Preowned cars are a great option for such individuals.

Although the purchase of preowned vehicles may be tricky, most problems can easily be eliminated by the choice of a reliable well established car dealership. At AutoHouse only the best preowned vehicles in prime condition are sold to satisfied customers with additional consultation services and benefits.