4 Benefits of Buying a Pre-owned Car

Other than your home, your car might be the most expensive asset that you will buy in your lifetime. Most people prefer buying new cars, but auto buying trends are constantly changing. Many people have now realized that there is no difference between a new car and a slightly used car. Often, the only difference is the price tag and that new car smell.

The increasing prices of new cars have been discouraging a considerable number of people from buying in this market, pushing more drivers to the used car market. Recent market analysis indicated that the average cost of a midsize car in 2018 was $26,336 with a monthly finance of $462 ($46,336 for a truck) for a truck, which made people consider buying certified pre-owned cars.

Used cars for sale portage WI present a plethora of benefits that many people who have purchased new cars fail to get. While some used cars can be sketchy, this risk is mitigated by working with a legitimate dealership offering certified pre-owned cars. Here are some of the benefits that you get after buying a used car.

Low Mileage

Used cars for sale portage WI have low mileage. One of the factors that make or compel people to go for new cars is that they want a car that has not covered any mileage. However, the amount of money one pays to get a car that has not covered any distance is very exaggerated, which makes no sense to the car buyers.

As a car owner, you can easily get used cars for sale that has covered a short distance. This means that the engine has not covered many miles and you will be the one to move the car to the next level. Most of the used cars for sale portage WI are city and urban cars, which means that they have only covered some few miles.

Affordable

Affordability of new cars has for a longer period been a point of discussion for many years. People have always had a view that new cars are very expensive, which has consistently been proved. However, there have always been new car loans for people to buy their favorite new cars, especially when one cannot find the model of the used car they want to buy.

If you are shopping for used car loans in Portage, WI, we allow pre-owned car lovers to get an opportunity where they can get the car they want. This is an opportunity that many people don’t get in other cities. Additionally, used car loans in portage are easily affordable, which means that you don’t have to struggle to get a loan for your car.

Avoid Insurance and Taxation Costs

In most cases, a new car becomes very expensive due to the high cost of insurance that one has to pay when buying a new car. Moreover, tax burdens are shifted to the car buyer by the dealer, which makes a new car very expensive for any person to purchase. Sometimes insurance and taxation might go up to 40% cost of the new car.

However, used trucks for sale come with the insurance cost already covered. Most of the used car sellers pay the insurance cost before they can bring their car to the market, which means that you don’t have to incur extra costs. Additionally, used trucks for sale portage WI don’t attract any form of taxation. That was already covered during the initial purchase of the car when it was new.

Depreciation Benefits

Many buyers of used cars for sale portage WI don’t have to worry about the depreciation expenses because the car has already been owned and the first buyer has already any unwanted depreciation costs within the first one year. You don’t have to worry about the first ding and paint scratch.

Car market analyst indicates that new cars usually depreciate more than 40% of their initial purchase price. That is a considerable amount of money that any person has to cover. Used cars for sale portage WI have already passed through the first vital year and from that point, depreciation is not severe.

The debate about whether to own a new or pre-owned car will surely not end any time soon. However, it’s important to highlight that used cars come with added benefits that outweigh the new and stylish car that many people want to have.