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Used cars are a hot commodity on the current market, and more people are ditching the idea that new cars are better every day! Including their inexpensiveness, accessibility, and security, the list of reasons you should consider shopping for a used car is a mile long! Join this new trend and discover everything that buying used offers.
Used Cars Cost Less
Besides their lower initial price, several factors make used cars a much more affordable option. After deciding on which car you want, you’ll notice that a more significant percentage of the entire cost is covered in the down payment. This is good news if you’re on a budget because it means that you will have access to better financing.
In addition, used cars tend to have more affordable insurance, lower interest rates on loans, and cheaper yearly taxes. When adding up all these factors, the money you will put into a used vehicle is substantially less than if you were to invest in a new one!
There is Lower Depreciation
You may wonder, “What exactly makes a used car so much more cost-effective?” The answer is quite simple, as vehicles adhere to the universal principle that any product loses value once used. Applying the concept of depreciation to the car market, we can measure the loss of value that occurs over time.
The general idea is that a vehicle loses 15% of its value when it leaves the lot. A new car continues to depreciate for five years, and when it hits that milestone, it will be worth approximately 40% of its initial value. You will have a significant advantage when shopping for used cars because the financial risk of losing money to depreciation costs is off the table.
Certified Pre-Owned Provides Peace of Mind
You may have qualms about purchasing a used car because of the unforeseen maintenance risks that could arise down the road. It is wise to be wary but unnecessary if you buy a certified pre-owned vehicle! This alternative offers extra security that you might not have had with a traditional used car.
The CPO Program at Waldorf Dodge RAM consists of an extensive 125-point inspection, CARFAX Vehicle History Report, Roadside Coverage, and warranty options for every certified pre-owned car! When you shop for one of our certified pre-owned models, you can feel assured that our technicians provided the extra care and attention to ensure that your vehicle meets our highest standards!
Used Cars, Trucks, and SUVs for Sale Near Alexandria
The next time you are in Waldorf, Alexandria, La Plata, Arlington, Washington, St. Charles, Lexington Park, Suitland-Silver Hill, Fort Washington, or any surrounding Maryland areas, stop by our used car dealership!
We carry an extensive selection of used vehicles from the best makes. Browse from an array of classics and find a used Dodge Durango, used Dodge Charger, used Dodge Challenger, used RAM 1500, and so much more! We want to help you get your dream car as soon as possible so apply for financing online or give us a call today!
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