When it’s time to update your ride, purchasing a new car can be tempting. But what are you getting that a used car can’t offer? The guide below will highlight how buying an older model can save money and provide you with stylish and reliable transportation.

How Does Depreciation Vary From New to Used Cars?

Depreciation is the price difference of a vehicle between when it’s bought and when it’s sold. Unfortunately, for many newer models, the price can drop between 15% and 35% within the first year, and up to 50% if you sell in the next three years. This means if you bought a car for $30,000, depreciation could cost you $15,000 in just three years. 

However, if you waited to buy that particular vehicle a mere three years later, you would only pay $15,000. Then, if you were ready to sell in another three years, you could do so for around $10,000, which would only cost you $5,000 or 33% depreciation. In the end, this route actually saved you $10,000.

How Does Buying Used Increase Your Options?

Each year, a limited number of new car models are listed for sale. This greatly reduces your chances of finding a vehicle that fits your taste, budget, and comfort requirements. Opening the field to used cars makes it nearly impossible to go home empty-handed. Additionally, because of depreciation, you could upgrade to a more luxurious vehicle. 

When you bring the car home, you’ll discover that there are countless aftermarket communities available to help you care for the vehicle. This is not as feasible with new cars, because other drivers barely know more than you do. Oftentimes, the manufacturers are still working out unexpected kinks as well.

When you are in the market for a used car, visit the Express Motors lot in Dayton, OH. Since 2005, this family-owned car dealership has offered fully inspected, pre-owned vehicles, including commercial vans and trucks. You can view their inventory and apply for financing on their website. For more questions about their vehicles, call them at (937) 222-7777.