The decision to buy a car is an incredibly easy one to make – they help you get around, they are more convenient than public transit, and the give a sense of independence. The tough part is deciding whether to look at pre-owned cars in Alsip or new vehicles. While there are perks of buying a new vehicle, there are numerous advantages of buying pre-owned cars in Alsip. Here are just a few.
The price gap between a new vehicle and the same model, only pre-owned, can be as much as $20,000, according to some studies. This fact alone makes buying pre-owned cars in Alsip a much better financial decision. In addition, the interest rate charged on car loans for pre-owned vehicles is lower, as is the yearly cost of insurance. Adding all of this together, you can save a ton of money and still drive away in the car of your dreams when purchasing pre-owned cars in Alsip.
Along the same lines, purchasing a pre-owned car means that you deal with less depreciation. Financially speaking, new cars lost a ton of value the moment the paperwork is signed. Depreciation happens immediately, and in some cases, can be as much as forty percent of the value of the car within the first year. With some car loans, this necessitates additional insurance fees, to cover the cost difference between the amount of your loan, and the amount the car is worth at the end of the first year of ownership. Pre-owned cars depreciate at a much slower rate, and with a much lower percentage. In addition to financial depreciation, there is the mental stress of purchasing a new car. Many owners feel incredibly anxious about getting that first dent or the first time normal wear and tear happens. With new cars, you don’t need to worry about that first dent, or the first time a rock chips your paint, because it’s already happened – to somebody else!
Another one of the huge advantages of buying pre-owned cars in Alsip is that you have a lot of options. Now more than ever, you can choose the make, model, and sometimes even color of your dream car, without worrying if they are still in fashion, or if the car company is still manufacturing them. Many dealerships even have an extensive website available, so you can browse through their selection of pre-owned vehicles in search of your ideal car.
For more information on the advantages of buying pre-owned cars in Alsip, contact Hawk Ford Oak Lawn.