Why Choosing Used Is a Smart Choice

By digital | Posted in King of Credit Posts on Monday, September 21st, 2020 at 2:16 pm
ACC September 2020 Blog - Why Chosing Used is a Smart Choice

Shopping for your next vehicle is exciting. While there are many important considerations – vehicle type, safety features, color – as part of your decision, the first is certainly choosing between a new or used vehicle. American Car Center believes that for most car shoppers, choosing previously owned is a smarter choice than buying new.

There are many benefits of choosing a used vehicle aside from the obviously lower sticker price. Previously owned cars and trucks are less expensive in several ways. A used vehicle will save you money when you buy auto insurance and likely reduce the total financing costs due to the vehicle’s lower price.

A used vehicle can more easily fit into a monthly budget. With a less costly used vehicle, monthly payments will be lower and because used vehicles are so much less expensive than new cars, you can drive a nicer vehicle than you might have otherwise been able to afford, giving you more choices.

When a new vehicle is driven away from the dealership, its value begins to drop. The greatest decline of vehicle value – depreciation – occurs in its first years. By choosing previously owned instead, you avoid that massive cost and receive a much more affordable vehicle that will now depreciate more slowly.

Also, because you are likely to have lower monthly costs and a slowly depreciating vehicle you are much less likely to be in a devastating negative equity situation, owing more on the vehicle than its worth, should your vehicle be stolen or declared a total loss after a collision.

Once a car has been on the road for two or three years, it will have developed a reliability record. Used vehicle rankings and reviews have information about total cost of ownership, so you can better identify reliable, low-maintenance models – those without a history of premature repair costs – and avoid the rest. Online owner forums are another source of information to gauge the strengths and weaknesses of any given model.

American Car Center is here to make your next vehicle selection smooth, simple, and fast. Across the Southeast, American Car Center has more than 65 convenient and modern locations all with a huge selection of fantastic late-model and low mileage used vehicles. Each vehicle comes with a limited powertrain warranty of up to 3 years or 36,000 miles and included oil changes. Save time and money – visit now to find a great car or truck to make your fall and winter driving safe and satisfying.

The King of Credit Wants to Approve You Today!

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