When you’re ready to buy a vehicle, be sure to consider a used car. Preowned vehicles offer many benefits compared to new cars, starting with lower prices. Because a new car depreciates by 11% as soon as you drive it off the lot, you could save up to 50% just by purchasing your dream car used instead of new. Insurance rates tend to be lower for used cars, as well.
Speaking of dream cars, the selection of available used cars is typically better than that of new vehicles, especially if you’re looking for a particular model or option. For example, fans of stick shift know that fewer cars are being manufactured with manual transmissions. If you enjoy driving a 5-speed, you’ll want to include used cars in your vehicle search.
Now that you know some of the benefits of buying a used car, here are a couple tips to help you find the right set of wheels for you:
Research the make and model: Is it reliable? Has the manufacturer issued recalls for any of the model’s components? Use online price guides to determine the model’s value.
Research the vehicle itself: Why is it for sale?Has the car been in any collisions?Was it serviced regularly?Run a vehicle history report.Take the car for a test drive and have a trusted mechanic inspect the engine.
The right car at the right price is waiting for you — as long as you do your research. Learn more from the accompanying resource.
Infographic created by JDBNOW
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