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If you’re looking to purchase a vehicle, you’re likely looking to get the most value for your money. New cars may be alluring, but they’re not always the best option. In many cases, choosing from a selection of used cars offers a variety of benefits that new cars can’t. Explore a few of these benefits below.

A Guide to Purchasing a Used Vehicle

1. It’s a Better Investment 

Not only are new cars expensive, but their value can also drop by over 20% just a year after they’re purchased. Used models, on the other hand, have already undergone depreciation, so they’ll lose value at a much slower rate. This makes them a better investment because if you ever decide to sell or trade-in the car, you can potentially recover a significant portion of what you paid for it. 

2. Lower Insurance Rates

used carsNewer cars typically cost more money to repair, restore, or replace after an accident than used cars do. That’s why used vehicles are generally less expensive to insure. If saving money on recurring insurance payments is a priority for you, opt for a pre-owned car.

3. Less Risk

Today, vehicle history reports are widely accessible for used-car purchases through companies like CarFax, AutoCheck, and Kelley Blue Book. These reports can provide you with a range of details to help you determine if a car is reliable and worth the asking price. Some of the details provided include who the previous owners were, what mechanical work has been done on the car, and whether or not it was ever in an accident.

 

For help finding a used car that fits your needs and budget, turn to Mike’s Auto Sales in Greensboro, NC. With over 30 years in the business, this used car dealership offers expert advice and affordable deals on a huge selection of cars and SUVs. They also offer flexible financing options for your convenience. To discuss your options, give them a call at (336) 375-9697 or visit them online

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