Why Used Cars are a Better Investment

The lure of buying a brand-new car with no miles on it makes sense. You don’t have to worry about the pitfalls of buying used, and you can select a car from the latest models, with the newest technology. However, there are some undeniable perks of purchasing a pre-owned vehicle, rather than a new one, and here at Easterns Automotive Group, we’ve eliminated the downsides to buying a used vehicle.

When you decide to buy a vehicle from Easterns Automotive Group, you’re selecting from an elite inventory that has been thoroughly inspected. We offer great financing options. We offer models from the last few years, so you can still enjoy the latest technology features, without paying a premium price. 

Pitfalls of Depreciation

One of the biggest downfalls of buying a new car is depreciation. When you purchase a brand-new car, the value of that car drops by 20 percent. That number grows to 30 percent by the end of your first year of ownership. That means if you purchase a car for $25,000, it will depreciate by an average of $7,500 in the first year. You’ll really feel the pain of depreciation when you decide to sell or trade-in the vehicle that you bought new.  Avoid losing money on your vehicle purchase by buying used. 

Making Depreciation Work for You

You can take advantage of depreciation. By choosing a pre-owned model, you can cash in on the depreciation of that vehicle, saving money on a car that someone else bought new, by simply buying a car that's a few years old. You can afford to get more features, performance, and technology at a lower cost, versus buying new. You can even step up from a more economical model into a luxury vehicle. You can opt for more safety features, more powerful engines, and more comfort when you buy a pre-owned vehicle. A vehicle you otherwise wouldn't be able to afford might be within your price range, once you decide to buy a pre-owned model. 

Lower Annual Costs

Not only will you save money on your car payment each month, but you'll also save on other automotive costs by purchasing a pre-owned vehicle. That decreased cost translates to lower insurance rates, as well as lower taxes. Since your insurance and taxes are based on the value of your vehicle, purchasing a pre-owned model means you enjoy a reduced bill for both of these annual costs.

Cars, trucks, and SUVs are being built to last, more than ever before. Once, 100,000 miles was considered high mileage, but now it's not uncommon to see a vehicle on the road with twice that, or more! Since Easterns Automotive Group goes over each model in our inventory with a fine-tooth comb, you can rest assured that you'll be investing in a model that will last you for many stress-free years to come.

If you're looking for a pre-owned vehicle, stop by our showroom or take a look at our inventory online. We have a variety of pre-owned cars, trucks, and SUVs available at any of our locations! Contact us today for more information.