Three Advantages of Buying a Pre-Owned Car Instead of a New Vehicle

There is a tendency to think that new and pre-owned vehicles are for two different types of buyers, but that is not quite the case. Each option has undeniable advantages, but when we talk about pre-owned vehicles, we mainly talk about value. In other words, pre-owned vehicles usually give us more for our money and that's where they can be interesting, even if we initially intended to buy a new vehicle.

With that in mind, here are three advantages of buying a pre-owned car instead of a new one. Pricing is one, of course, and the fact that we save on depreciation, but also that it is easier to know the history of the vehicle and therefore have a better idea of ​​its future reliability. Let's take a closer look at these points.

Known History

The first interesting element related to the purchase of a pre-owned vehicle is the fact that it is possible to know its history. Some believe that new vehicles are more reliable than pre-owned vehicles, but that is far from the case. The pre-owned model has a history of maintenance and service. We know how it was maintained and we know the reputation for reliability of the given model. By buying a pre-owned vehicle that is well maintained and recognized for its reliability, there is greater certainty of future reliability compared to a new vehicle.

Used Vehicles Have Already Depreciated

As soon as a new vehicle leaves the dealership, it loses a significant percentage of its value. This percentage varies from one model to another, but no new vehicle is immune. A pre-owned vehicle has already depreciated. If you buy a $10,000 pre-owned car, tomorrow it is still worth $10,000. Its value will decrease as the years go by and the kilometres you use, but that's all.

You Can Get More Car for Your Money

If you have a budget of $10,000, there are no new cars that will respect your wallet, but you can easily get a pre-owned compact sedan or a pre-owned SUV. If you have $20,000, you can buy several new vehicles, but you can also buy a pre-owned vehicle with less than 50,000 kilometres with a lot more equipment.

In other words, if you want to have a better-equipped vehicle with a known history and will not have to suffer the inconvenience of depredation, opt for a pre-owned vehicle!