3 Reasons To Choose Pre-Owned Cars

Buyers who are in the business sector for a vehicles have a great deal of choices. A year ago, more than 54 million passenger vehicles were sold in the United States alone. Of those, 40 million were pre-possessed autos.(So it's not only Naija that love buying fairly used cars) Here are three reasons why used cars offer more for their buyers.

Continue after the jump.



Wider Range Of Options

If you are in the market for a new sedan, truck, or SUV, the only place that you can find it is at an authorized dealership. With this restricted availability, buyers have limited negotiating power. On the other hand, the market for pre-owned cars is enormous. Used autos can be purchased from corporate and privately owned dealerships, as well as from private citizens. With this larger market comes greater competition amongst the sellers. This often translates into more bargaining power for the buyer, allowing him or her to get a great deal on their automobile.

Better Value

When a new vehicle is driven off of a dealer's lot, it will lose 10% of its value on average. After a year that number increases to 20%, and after five years, the automobile will be worth less than half of what you paid for it. Furthermore, the average cost of a new model is about $30,000. Think about that. Someone could pay $30,000 for their car, drive it off the lot, then return it. It might only have two miles on it. Now you can buy it for $27,000. The average price of a used auto is $15,000. Pre-owned cars also depreciate at a more gradual rate than new ones. In short, buying used means saving money on the initial purchase, and having your investment depreciate less as the years go by.

Improved Reliability

One of the main reasons that people give for buying a new automobile is that they don't want to deal with breakdowns. Fortunately for today's buyers, vehicles are the most reliable in history. With the increase in competition between European, American, and Asian companies in the 1980s came a corresponding increase in reliability. Since the mid 1990s, the U.S. government has kept records of the average age of automobiles on the road. Last year, that number reached its highest point yet, with the average age eclipsing 11 years. So what does that mean for buyers? In short, it means that they can buy pre-owned cars with the knowledge that they can run for many more years and many more miles. For those who are very concerned with repairs, you can even find used models that come with a manufacturer's warranty.

In conclusion, buyers are faced with a lot of decisions when purchasing a vehicle today. They have to choose between sedans, coupes, trucks, and SUVs. They have to choose the manufacturer, the color, the engine type, and on and on. The one decision that they shouldn't have to think too hard about is whether to buy new or used. Pre-owned cars give their drivers a great value in a reliable package. Why pay more for something just because it is labeled as new?



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