There are essentially two types of cars you can buy: new and used. New cars have all the latest features, that new-car smell, and no wear and tear. However, there are some prominent reasons to consider buying used. From pricing to selection, used cars offer a few things you just can’t find elsewhere.
The major reason to consider buying used is for the lower pricing. Believe it or not, some cars lose up to 40 percent of their initial value in the first three years due to depreciation. When you buy used, you not only get a lower sticker price, but you avoid this initial period of depreciating value. Plus, with a lower price you save on insurance, taxes, and other fees.
When you don’t limit yourself to one model year (like you do with a new car), you get added selection. Some car shoppers even shop used because they want a specific model, feature, or body style that’s no longer offered. Looking for the sporty Eclipse sedan? You’ll probably want to start looking for a used model as it was discontinued in 2012.
These are the two major reasons to consider shopping used. You save money and avoid the initial depreciation of a vehicle, and you also get a unique selection. Thinking about buying a used car? Stop by Schaumburg Mitsubishi today!