Car Sales Vancouver - Benefits Of Buying From A Used Car Dealer

You can enjoy lower prices on used cars and you can avoid losing value when you first drive that car off the lot as well

. So many great benefits are available to you if you decide to go with a used dealer when you're ready to make a vehicle purchase. Take a look at the following benefits you can enjoy when you decide to go with used autos Vancouver.

Benefit #1 - Lower Your Insurance Costs

One of the big benefits that you enjoy if you purchase a used vehicle from a used car dealer is that you can lower your insurance costs. When you purchase a brand new vehicle, you'll find that insurance costs will be high because the vehicle will cost more to replace. Many people purchase a brand new car without considering the big hike they will see in their insurance premiums. If you go with used autos instead of cars that are brand new, you are more likely to get lower insurance costs. Insurance companies don't have to pay as much out if your car is damaged, since a used vehicle is not worth as much. Since their risk is lowered, they pass on their savings to you and you get to enjoy a reasonable rate on the insurance that you need for your newly purchased used vehicle.

Benefit #2 - Avoid Taking a Depreciation Hit

When you go with used car sales Vancouver, you'll avoid taking a depreciation hit when you drive off the lot, which is another huge benefit to keep in mind. Just driving off the lot reduces value and over three years of being purchased brand new, cars usually lose about 30% of their value, which is a huge depreciation hit. Since you are purchasing a car that is used, you can avoid having to take a big hit in depreciation as well, which means you will save a huge amount of money. You can enjoy getting a nice car that still looks great without having to lose so much money when you take that car home.

Benefit #3 - More Dollar Flexibility

Purchasing a used car also has the benefit of offering you more dollar flexibility. Just purchasing a new car can quickly eat up the money you can spend. However, you have more dollar flexibility with a used car, which can allow you to choose a car that has nicer features. On new vehicles, you pay for every feature that the car has to offer. Features like air conditioning, electric adjustable seats, climate control, surround sound stereos, and other features are more accessible to you when you purchase a car that has been used, so you'll get more for the money that you spending on the used vehicle.

Benefit #4 - Shorter Loan Terms

Whether you purchase a new or a used car, you probably will end up dealing with some kind of a loan unless you can afford to pay in cash. However, the benefit of going with the used car is that you will have a shorter loan term in most cases. The longer the term of a car loan, the more money you pay on interest. Over time, you can pay a huge amount of money in interest instead of it going towards the principal loan you took out. Since used cars don't cost as much, usually you can get a much shorter loan term. This means that you won't have to pay as much in interest over time, which helps you save a lot of money while getting a nice used vehicle.

It's easy to see that going with a used vehicle definitely provides you with some great benefits.

by: Neville Jefferson

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