- Used cars, also sometimes called pre-owned cars, are cars that have had previous owners and can be found at car dealerships among other places.
- Top reasons to own used cars include saving money, less depreciation, lower insurance costs, easier financing, and cheaper maintenance costs.
- Find high quality used cars for sale at Lawton Chrysler Jeep Dodge Ram in Lawton, Oklahoma.
When it comes to buying a car, many people immediately think of brand-new, shiny vehicles fresh off the assembly line. However, there are plenty of compelling reasons to consider owning a used car instead. Owning a used car offers a multitude of advantages, including significant cost savings, lower depreciation, reduced insurance costs, easier financing options, and more affordable maintenance. Whether you’re a first-time car buyer or a seasoned driver looking for a budget-friendly option, a used car can provide a reliable and economical solution.
What Is A Used Car?
A used car, aka, pre-owned car, is a vehicle that has had previous owners and is being sold in the secondary market. Used cars come in a wide range of ages, mileage, and conditions, making them a versatile option for prospective buyers.
Ways That Car Dealerships Get Used Cars
Car dealerships acquire used cars through various means, including trade-ins from customers looking to purchase new vehicles, auctions, lease returns, and purchasing used cars from individuals. They tend to go through rigorous inspections and refurbishment processes to ensure the vehicles are in good condition and ready for resale.
Reasons To Own A Used Car
Below we have listed the top 5 reasons to own a used car.
1. Save Money
One of the most significant advantages of owning a used car is the cost savings. New cars depreciate rapidly in the first few years, often losing a significant portion of their value. Used cars have already undergone this initial depreciation, making them more affordable upfront. This means you can get a high-quality vehicle without the premium price tag associated with new cars.
2. Less Depreciation
New cars can lose up to 20% of their value in the first year and continue to depreciate over time. Used cars, on the other hand, have already experienced the steepest part of their depreciation curve. This means you’ll likely lose less money in depreciation over the ownership period of a used car compared to a new one.
3. Lower Insurance Costs
Insurance premiums are often calculated based on the value of your vehicle. Since used cars have a lower market value than new ones, insurance costs for used cars are generally lower. You can save money on insurance while still getting adequate coverage for your vehicle.
4. Financing Is Easier On a Used Car Versus A New Car
Obtaining financing for a used car is often easier and more accessible than securing a loan for a new car. Lenders may offer more favorable interest rates and terms for used car loans, making it a budget-friendly option for many buyers.
5. Cheaper Maintenance Costs
New cars often come with warranties that cover repair costs for the first few years. However, once the warranty expires, you’ll be responsible for any maintenance and repair expenses. A used car can be more cost-effective in the long run because they have already gone through the initial period of high depreciation and may have lower maintenance costs compared to their brand-new counterparts.
Buy Used Cars From Lawton Chrysler Jeep Dodge Ram
If you’re considering the benefits of owning a used car, Lawton Chrysler Jeep Dodge Ram is the place to explore your options. We offer a wide range of high-quality used cars that have been carefully inspected and prepared for resale. With their knowledgeable staff and extensive inventory, you can find the perfect used car that suits your needs and budget. Check out our full online vehicle inventory for all the new and used cars for sale. We also have monthly specials that you won’t want to miss. You can chat with our experienced staff on our website, schedule a test drive, make a service or maintenance appointment, see our financing option, or come to the lot to view our huge selection in person.
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