Some people think used cars are lemons that are waiting to be bought by unsuspecting buyers at the behest of a high-pressure salesman in a cheesy suit. But for the most part, this isn’t the case. When you buy a pre-owned vehicle from a reputable dealer offering used cars in Kansas City, you’ll find beautiful late-model vehicles in excellent condition, some of which are certified by the manufacturer. Let’s examine some of the reasons it makes sense to buy a used car instead of a new one.
Lower prices are the reason most people opt for buying a new car. While it may be nice to own a brand-new car, the reality is that they cost a lot more money than used cars. In fact, the difference in price between new and pre-owned vehicles can be as much as $20,000. While interest rates on new cars are usually slightly lower, when you buy a used car at the best used car dealer in KC, your total cost of ownership will be a lot less.
A new car starts to lose its value the minute you drive off the dealer’s lot. Believe it or not, a new car can depreciate by as much as 40 percent during the first year you own it. When you buy a used car, you avoid that sinking feeling that comes with watching your brand-new car experience normal wear and tear. You don’t have to be concerned about the first chip or ding in the car’s beautiful paint job. And when your new car depreciates quickly, you can find yourself in the unenviable position of owing more money than the car is actually worth.
Thorough Inspection on Certified Pre-owned Vehicles
When you buy a certified pre-owned vehicle, you’re getting a high-quality car that has undergone rigorous inspection. Additionally, a certified pre-owned vehicle has been refurbished and certified by the manufacturer or another certifying organization. This ensures your car, truck, crossover, SUV or van is of the highest quality. You may also get special financing, an extended warranty or some other special deal.
You may have fallen in love with a car that’s no longer being manufactured, or perhaps you’re looking for a trim level that has been discontinued. If you’re longing for that special older model, you can still purchase it as a used car. Buying a used car opens up your selection to a wider array of vehicles, not simply the ones that came out during the last year.
Lower Insurance Premiums
If you have a collision in a new car, insurance will only cover the value of the car at the time of the accident. This leaves a gap between the actual cost of the vehicle and its current value. If you want to replace the car, you’ll have to make up the difference. Or you could pay extra money for gap insurance, which pays the difference between the vehicle’s price when you bought it and its depreciated value. Either way, you’ll be paying more in the long run. With a used car, you don’t need gap insurance because the vehicle has already depreciated.
When you buy a new car, you don’t know if there’s an inherent problem that will cost you money to fix down the road. Used cars already have a track record you can easily check. You can find reviews online and read about the experience of others who have already owned the car you’re considering. In many cases, the reviewer will have had a few years of experience with the vehicle.
Give Oakes Auto a call at 913-222-5300. We can help you with your next used car!