When you’re ready for your next car or truck, one of your first stops should be a used car dealership near New Lenox. Although many people feel excited about buying a brand new car, there are drawbacks to getting a vehicle straight from the manufacturer. You’ll avoid many of those disadvantages and enjoy a few hidden perks when you buy a slightly older vehicle.
Spend Less to Pay Less
It can benefit you to think about your monthly payments before you commit to buying your next vehicle. Just a few extra thousand on the purchase price can significantly increase how much you’ll have to pay in interest on your monthly loan payments. By buying a car or truck that’s just a few years older, those payments could be up to $200 lower.
Avoid Depreciation Costs
This is an advantage that you’ll come across in most articles advising people to buy used instead of new. The reason this is so frequently recommended is that the savings of buying used are pretty steep. A brand new car will lose 20% of its value as soon as you take it home, and it will lose another 10% within that first year of ownership. Buy a vehicle that’s three to four years older to avoid those steep depreciation rates.
Get Lower Insurance Premiums
When you buy from a used car dealership near New Lenox, you’ll be able to qualify for lower insurance rates. That’s because a new vehicle is more valuable than an older one, making repairs more costly. Additionally, parts are more readily available for used cars and trucks.
Discover a wide range of used vehicles when you visit Hawk Volkswagen of Joliet online.
