- Do you have children? Let’s face it, children are messy. Preventing them from making a mess in the back seat is difficult. Accidental spills and snack crumbs are normal. For parents, investing in a new car and attempting to keep it clean is not always the best decision. In the meantime, until the children get older, getting a good used vehicle makes more sense, since they do not have to worry about the mess their kids make.
- The amount of value a car loses during the first year. Most of a vehicle’s depreciation occurs during the first year. Some people even believe you lose several thousands of dollars the minute you drive a new car off the lot. Purchasing used for this group of people is second nature, since they want to retain the most value in their vehicle with the least amount of depreciation, whether they keep a few years or until it no longer runs.
- People who drive an excessive amount of miles each year. For those people who have long commutes to work, and rack up tens of thousands of miles each year, getting a high quality used vehicle provides reliable transportation without the new car cost. These people often replace their vehicle every three to five years, so buying new one would put them upside down on their loan and would not be a wise investment decision.
- Parents who have teenaged drivers behind the wheel. Teenagers are inexperienced drivers and putting them behind the wheel of a brand new car is never a good idea. Teenagers already have enough pressure on them to concentrate on the road and other drivers. Additionally, accidents are bound to happen. Further, the costs to insure a teenaged driver are more expensive on new vehicles, compared to used cars.
- People on tight budgets with so-so credit. Peolple with less than stellar credit may not qualify for new car leasing and financing programs, but will qualify for used car financing programs. Buying used allows them to get a decent bargain on a newer modeled vehicle, while at the same helps rebuild their credit.
There are many different reasons why some people like shopping for a newer model used car instead of a brand new one. Even though there are great deals on brand new models at your local El Paso auto dealers, not everyone is ready to drive off in a brand new car. The following are some of the different reasons given for buying used instead of new. Feel free to use these to help you determine whether a new car or a used car is best for your needs whenever you are shopping for a new vehicle.
Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.