People often find themselves wondering if they should buy a new or used vehicle. On the one hand, a new vehicle has no previous owners, the latest technology, and makes a bit of a statement. But is it worth the cost?
We believe the answer is no. However, it’s not just about the cost of brand new vehicles, it’s about the benefits of buying used.
Buying from a used car dealership in Texas might be the perfect option for your needs and your budget. Though, we don’t just expect you to take our word for it. Keep reading for the top benefits of buying a used vehicle from Crazy Bob’s Used Cars.
One of the most important benefits of buying a vehicle from a used car dealership in Addison, Texas is the savings. When you buy a used car, you don’t have to worry about losing thousands of dollars in depreciation.
Brand new cars are said to lose anywhere from 20 to 30 percent of their original value in the first year alone. They continue to drop 10 to 15 percent for the next several years.
When buying a used car, on the other hand, the worst of the depreciation has already happened. Therefore, the vehicles you’re looking at are much more affordable. Just as importantly, you won’t be the one paying for depreciation.
Consequently, it’s much easier to get approved for a vehicle loan, as they are much smaller. This also means lower monthly payments and less money paid in interest. If you want to get an idea of your next car loan, use our loan calculator to determine your payments and interest.
When we talk about saving money by buying from a used car dealership in Texas, it’s about more than what you save on the vehicle itself. You’re also saving money on additional expenses. This includes insurance and registration.
Insurance companies operate like any other business. Their primary purpose is to make money. The ideal insurance customer is one who always pays their bill but never files a claim.
Therefore, if they’re insuring a brand new vehicle, the insurance premium is going to be more expensive. Insuring a used vehicle is much more affordable. Not only is it less valuable (in the event it’s totaled), but it’s much cheaper to repair.
Additionally, in most states, the newer and more valuable a car is, the more expensive it is to register. vehicle registration is a flat-rate fee. However, if you’re registering your vehicle in another state, buying a used car will save you hundreds of dollars.
Sometimes, learning how to pick out a used car means finding one that fits your budget. However, you may not want to go to your bank to get pre-approved for a loan. That’s why Crazy Bob’s Used Cars offers in-house loan applications and financing.
You can cut out the middle man and get on-site approval to determine your loan eligibility. This is an important step if you don’t know what your budget is. It can save you a lot of time and frustration, rather than picking out a car you’re not qualified to buy.
Apply for a loan through our in-house financing online or wait until you get to our dealership.
People who are on the fence between buying a new car and a used car often worry about reliability. “Should I buy a used car?” “What happens if I buy a lemon?”
Fortunately, when buying from a used car dealership in Texas, you don’t really have to worry about buying a lemon anymore. Reputable dealerships work hard to establish a positive image in the community and would never purposely sell a customer a vehicle with major issues.
Just as importantly, modern vehicles come with up-to-date, accurate vehicle history reports. Vehicle history reports track a vehicle from the moment it leaves the production line. It records relevant details about the car’s history, including:
In other words, as long as the dealership is willing to provide you with a vehicle history report, you shouldn’t have anything to worry about. Most dealerships will also allow you to take the car in question to a private mechanic for a thorough inspection before you sign any papers.
One of the most important car buying tips is to make sure the person or company you’re buying the vehicle from is credible and trustworthy.
For this reason, it’s generally recommended to approach private sellers with extreme caution. They have no governing entity other than their own moral fiber dictating their actions. They could choose to be completely honest with you or lie about major issues and there’s nothing to protect you, the buyer.
Used car dealerships in Texas, on the other hand, must hold themselves accountable. They have a license through the state to sell used cars and have their reputation to worry about.
At Crazy Bob’s Used Cars, our philosophy is simple. We believe in providing customers with reliable used vehicles for competitive prices in the hopes that they recommend us to their friends and family. We rely on our customer service and honest transactions to speak for us.
Above, we listed all the ways in which buying used can help you save money on a car. However, there’s a perk to used car buying we didn’t’ mention. When you buy used, you have a lot more options about the make, model, and features of your next vehicle.
Because you’re not paying inflated prices for brand new vehicles, you can scale up in class, comfort, and luxury. Though a fully-loaded brand new vehicle may be way outside your price range, a used vehicle with the same features might be an option. The technology might be a few years older, but does it really matter?
If you’re in the market for a new car, it’s important to consider all of your options. As noted earlier, there are some benefits to buying brand new. However, if you’re looking to get a better deal and save a significant amount of money, we recommend buying used.
Check out our inventory of used cars to see if there’s anything on our lot that interests you. We pride ourselves on being the most trustworthy and affordable used car dealership in Texas. We hope to hear from you soon.