Top 10 Reasons Why To Buy A Used Car

Why To Buy A Used Car

There are more reasons than ever to buy a used car. Whether it’s the pace of innovation or the quality built into cars from the modern era, used car shoppers are in a great spot for 2023. There are 10 reasons to buy a used car that stand above the rest, though. So, if you’ve been asking, “why buy a used car instead of a new one?” read on to see the top 10 reasons, then start your used car search with Quantrell Auto Group.

Let Someone Else Deal With Depreciation

Avoiding depreciation is one of the most significant reasons to buy a used car.

Almost every new car will lose a noticeable portion of its value within the first year. Depreciation generally tapers off at around five years. So, if you buy a used car that’s five years old, you’ll enjoy the still-modern features and driving experience you seek, but without having a major part of your car’s value diminish early on.

Get Lower Prices On the Cars You Want

The generally lower prices of used cars are closely related to the first reason to buy a used car. While new cars under $20K are essentially extinct, our used cars under $20K can include many of the models on your wishlist. Remember, someone else paid the full price and watched the car’s value fall down to this point. You get to swoop in for a deal.

Sometimes you can even buy used cars in serviceable shape for a price as low as the accessories on a new car!

Let Someone Else Deal With Depreciation

Get More Bang for Your Buck

Get More Bang for Your Buck

Pop quiz: When did the federal law that made backup cameras standard in all new cars come into effect? If you said 2018, you are correct.

Yes, it’s easy to think of a five-year-old used car as something old, outdated, and unsatisfying, but that’s hardly the case when you buy a used car from the mid-2010s or later.

Model years like 2016 can include advanced safety features like adaptive cruise control, blind-spot monitoring, rear cross-traffic monitoring, and a lane-departure warning, along with cabin features like heated and ventilated seats, wireless smartphone charging, Apple CarPlay®, and dual-zone auto climate control. All this can come at a price far lower than new cars with the same features. This value for your dollar is one of the most powerful reasons to buy used cars.

Explore A Larger Variety of Vehicles

If you want something like a Subaru WRX STI or a Cadillac CTS-V, your only option is to buy a used car. A used car inventory can offer current models sold as new but with some depreciation already out of the way, alongside models that you loved but were discontinued before you could buy one.

Whether you want a like-new, recent-year used car, you want a mix of older simplicity and modern advancements, or you’re looking to buy a used car that sticks to old-school driving philosophies, our selection of used cars for sale has you covered.

Modern Used Cars Last Longer

Some people still associate used cars with the bargain-rate clunkers from the 1980s – that’s understandable, but it’s not accurate. The short lifespan of those tin cans is, thankfully, a thing of the past, and you can now buy a used car and expect many years of enjoyment from it. The general rule is that a properly maintained used car from the past decade can offer around 200,000 miles of life. This leads us to why it’s easier than ever to buy a used car.

Access To Vehicle History Reports

In the past, the question “Why buy used cars?” often had a negative connotation. We’re not all mechanics who know how to inspect a used car, and the potential of getting a poorly maintained car with serious issues was a common turnoff. Now, though, resources like CARFAX® can help cut down the worry and guesswork of this process by a huge margin.

A CARFAX® Vehicle History Report™ or similar report may be viewable for no cost on used cars for sale (that’s the case for Quantrell Auto Group). These reports will show you authoritative data on the vehicle’s service history, ownership changes, reported accidents, title status, open recalls, and more.

Modern Used Cars Last Longer

Certified Pre-Owned Programs

Certified Pre-Owned Programs

Thanks to factory-guided inspections and factory-backed warranty coverage, certified pre-owned vehicles are in a unique position that combines new car confidence with used car value. They’re held to manufacturer-provided standards and inspected, reconditioned, and certified by our expert dealership technicians. The many more benefits you get will vary by brand – contact our dealership group to learn the details of our certified pre-owned programs.

More Buyer Protections

When you buy a used car from our dealership, you’ll find stronger regulations and buyer protections than if you were to buy a used car from a private seller. Private used car sellers often list their vehicles “as is” and do not have to take responsibility for any issues you don’t catch before buying the car. You can be more confident shopping at dealerships like ours because you can explore vehicle history reports and enjoy warranty coverage on many of our used cars for sale.

With standards for quality that are often higher and more consistent, along with professional staff and comfortable facilities, buying a used car from a dealership can be a much better experience than going the private seller route. Our philosophy is “Quantrell For Life,” and making lifelong customers is only possible with a top-notch car buying experience. See how our 50-plus years of experience have made us a top destination for new and used car buyers in Lexington, KY.

Paperwork Assistance

The process of buying a used car can be daunting for many reasons, and the lengthy paperwork involved in registering the vehicle is sometimes a turnoff for those considering a used vehicle. When people ask, “Why buy a used car?” in the context of having to deal with this themselves, however, they are usually thinking of the experience associated with buying a used car from a private seller.

When you choose to buy a used car from a dealership like ours, the paperwork will often be handled for you. We streamline the process – our dedicated team members can register the used car for you so that you can pick it up at our dealership and then drive home to enjoy it. The process of buying a used car from a dealership is very similar to that of buying a new car, and you get to enjoy the assistance of professional automotive experts rather than having to handle it all by yourself.

Typically Lower Fees, Taxes, and Insurance Premiums

As you may have experienced before, the additional costs involved with car ownership can be a lot lower when you buy a used car. Taxes are straightforward because they are usually based on the vehicle’s price. Fees can also be lower, and insurance premiums may also be less due to the car’s lower value. However, this price paradigm is not universal, and the costs involved can vary significantly.

Paperwork Assistance

Frequently Asked Questions

What to look for when buying a used car?

A CARFAX® Vehicle History Report™ or similar vehicle history report is the most important thing to look for when you buy a used car, as these comprehensive, authoritative reports will contain essential vehicle information like reported accidents, service records, ownership changes, title status, recalls, and more. Checking the CARFAX® Vehicle History Report™ can help you avoid major headaches down the road.

Are used car prices dropping?

Used car prices are still somewhat stable, but wholesale used cars (like you’d find at car auctions) trend toward a gradual price decrease. The industry saw a historic increase in used car prices during 2021, but prices lowered and stabilized recently. Used cars will have already bypassed deprecation, making them a good way to get a vehicle that doesn’t lose significant value within mere months.

How many miles is too many for a used car?

The majority of modern cars can last for around 200,000 miles when properly maintained and cared for. A mileage of 150,000 is generally considered the cut-off by many drivers. But, as suggested, maintenance and care are the key factors to how many miles will be too many for a used car. Examine a CARFAX® Vehicle History Report™ and have the car inspected by a trusted mechanic.

What are used car interest rates?

Used car interest rates can vary significantly depending on the car’s price, your credit score, your finance term, and other factors. Used car interest rates will affect the total price you end up paying throughout the auto loan’s duration. Contact the Quantrell Auto Group to learn more about our used car financing options, estimated interest rates, and used car selection.

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