5 Reasons To Buy A Used Car
Those interested in purchasing a car should consider buying a used car. Those looking for used cars Indianapolis, or elsewhere, should know the benefits of used cars. Let’s look at five reasons why you should consider buying a used car:
Buying Used Saves You Money
According to a 2015 statistic from Kelley Blue Book, the average amount of money an American spent on a new vehicle was $33,500. Meanwhile, according to a 2015 statistic from J.D. Power, the cost of used vehicle in that year averaged around $20,000. This means those buying used were saving an average of $13,500. This is due in large part to the fact that the value of new cars depreciates very quickly.
Modern Used Cars Are More Reliable
In the past, certain car models would rust apart with the span of a decade, becoming unusable. Nowadays, modern cars last longer, with a 2015 statistic from IHS Automotive stating that the average lifespan of cars in America is 11.5 years. That means when you purchase a used vehicle, you can count on it to last longer.
CPO Programs Provide Used Cars in Good Shape
Cars that are leased are typically leased for three years, and are then resold by the dealer on their certified pre-owned (CPO) lot. With leases usually having a variety of restrictions on mileage, maintenance, and condition, or else steep fines will need to be paid, these vehicles are frequently in good condition. Always run a Vehicle Identification Number (VIN) on any vehicle you are interested in from a CPO, as rental cars can also end up there, and are not well taken care of.
You Can Access the VIN Report
VIN reports can provide you with a variety of information on a used vehicle, including who owned it before, the previous registration status, information pertaining to accidents, floods, repairs, or Lemon Law history, and mileage validation. Many CPO programs provide vehicle history reports for free.
Interest Rates Are Lower Than Ever
Interest rates for used cars are typically higher than for new cars, but that doesn’t mean you can’t get a good rate. Rates are at historical lows right now, and you should shop around to find the most competitive deals.
Keeping these points in mind can help you find a reliable used car at the best price. You can frequently find used premium brand cars at prices comparable to the fully-loaded models of traditionally cheaper new cars. Whether you are considering used cars Indianapolis, or anywhere else, you can find the cars and price that is right for you. Taking the time to consider all the possible options, as well as search for the best possible deals, can result in you finding a car your are happy with at a great price.