Why Buy Used? | MADISON, IN

Depreciation

Unfortunately, cars depreciate quickly. In fact, they lose a majority of their value relatively early on. While various cars depreciate at different rates, most vehicles lose around half of their value within three years. This all means that buying a new car isn’t exactly the ultimate investment.

Selection and variety

When you shop used, you have a massive pool of options to choose from, as opposed to just the current model year when you buy new. This means that shopping used makes it easier to find just the right combination of age, price, and features that you’re looking for.

Research is easy

Internet resources and electronic car history reports make it easy to research a specific used vehicle before buying it, so buying used is not nearly as risky as it once was.

More for Less

Cars last longer than ever, making it the perfect time to buy used. And because new cars depreciate so quickly, you can usually get a car that’s just a few years old for a fraction of the price of buying new. This allows you to get a better car for less money.

Lower car insurance

A car’s overall value is the primary factor in determining insurance rates, which means used cars (which are cheaper) generally come with significantly lower insurance rates, saving you money in the long run.