6 Reasonsto Buy a Used Car

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Many people think it’s better to buy a new car than a used one. But with lower prices, advancements in automotive technology, and hundreds of quality used cars on the market today, that conventional wisdom has been turned on its head.

Great cars and affordable prices are no longer mutually exclusive, and drivers are catching on. In fact, per Edmunds.com’s 2015 Used Vehicle Market Report, more than 38 million pre-owned vehicles were sold in the retail used market in 2015, representing a 5.6% jump in sales from the previous year.

It’s no longer a secret that used cars can come at an excellent value. Consumers must do their homework to ensure a used vehicle is in good condition, but once they find the right model, buying a used car instead of a new one can save hundreds, or even thousands, of dollars.

There are several benefits that come with buying a pre-owned vehicle, including reduced upfront costs and lower depreciation rates. The following eBook explores six compelling reasons why you should buy a used car, and it includes money-saving coupons toward your next pre-owned purchase. Let’s dive in and learn more about the benefits of buying a pre-owned vehicle.

1. Used Cars Are Affordable.In general, the sticker price for a used car is less than new models—luxury cars included. This means you can get a great ride with advanced technology and premium amenities if you purchase a vehicle that’s a few model years older than what’s rolling off the assembly line today.

Not only is buying a used car more affordable, it’s also a great way to get more car for less money. Drivers seeking top-of-the-line luxury cars can shave hundreds off a model’s MSRP and stretch their dollars further by purchasing used instead of new.

2. Used Cars Depreciate Less.Typically, used cars have lower depreciation rates than brand-new ones, meaning they retain their value better. That means when you sell your used vehicle later, it’ll be worth around the same or slightly less than when you first purchased it.

As explained by Trusted Choice: Independent Insurance Agents, depreciation is the most expensive cost of owning a new vehicle—even if it’s kept in pristine condition—with cars losing up to 11% of their value the moment they’re driven off a dealership’s parking lot.

For example, if you purchase a new vehicle for $30,000, by the time you get home, it could lose up to $3,300 in value. Depreciation rates for new cars flatten out eventually, but drivers should expect the value of their new vehicle to drop by 19% in the first year of ownership. By purchasing a used vehicle between 1 and 3 model years old, you could avoid this financial hit.

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3. Enjoy Warranty Benefits with a Used Car.Many manufacturers and dealerships offer warranty programs that cover a variety of components for your used vehicle, giving you extra peace of mind when unexpected repairs pop up.

For example, with every Honda Certified Pre-Owned vehicle purchase, drivers are covered for major transmission and engine components (besides standard maintenance procedures), as well as body, glass, and interior. The Honda Limited Warranty also offers powertrain coverage for seven years or 100,000 odometer miles from the original in-service date, non-powertrain coverage for the first 12 months or 12,000 miles after the original new-vehicle warranty expires, and Start of Certified Limited Warranty coverage.

4. Pay Less for Insurance and Registration.Used cars are less valuable than new cars, which means the cost to insure them tends to be smaller, as stated by NerdWallet. That’s because driving a used car reduces the price of comprehensive insurance and collision coverage, but not the price of liability insurance, which covers other people’s injuries and damage if you cause a collision.

In addition to lower insurance rates, many states charge drivers a smaller fee when they register a used vehicle. Some states are increasing registration fees for newer vehicles, so buying a used car can help avoid these rising costs.

5. Drive Away with a Reliable Ride.Cars manufactured within the last 10 to 15 years are more efficient, safe, and reliable than they were in the last century. In fact, the average age of cars driving on the road today are 11.5 years old. Modern cars are engineered to last longer, which means used vehicles are more reliable than ones from the past.

It’s much easier to find a used vehicle that’s in good condition, since many state and federal lemon laws have been enacted to protect consumers from buying faulty used cars. Used cars also come with CARFAX® vehicle reports, which show a vehicle’s accident history, mileage history, service records, and more. This can help to determine the kind of condition a vehicle is in before purchasing it.

6. Drive Confidently with a Certified Pre-Owned Vehicle.If you’re in the market for a used vehicle, buying certified is a great way to get a valuable, reliable ride with extra peace of mind. A car must hit a variety of manufacturer benchmarks to qualify as a certified pre-owned vehicle, which helps to ensure quality and performance.

With Honda’s Certified Pre-Owned Program, a car must be under 6 model years old with fewer than 80,000 miles on its odometer to be eligible. It also undergoes a rigorous 182-point inspection by Honda-trained technicians, who recondition or replace any worn parts to meet the manufacturer’s exacting standards.

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Must present printed coupon at time of purchase. One coupon per customer. Cannot be combined with any other offers. Prior sales excluded. Valid at Mile High Honda. Offer expires December 31, 2017.

$250 Off Any Used Vehicle $500We’ll WaiveYour FirstPayment Up toExcludes Honda Fit models. Must present printed coupon at time of purchase. One coupon per customer. Cannot be combined with any other offers. Prior sales excluded. Valid at Mile High Honda. Offer expires December 31, 2017.

Have Fun Shopping for Your Next Used Car!Shopping for a pre-owned car, truck, or SUV is a great way to get a reliable ride at a price you feel good about. It’s important to research several models, take thorough test drives, and shop at a dealership you trust. If you do your homework, it’s only a matter of time before you find a used car that accomplishes everything you need it to.

Now that you’ve finished reading our eBook, it’s time to visit a car dealership near you to explore its inventory of pre-owned vehicles. The staff members will help you find a car, truck, or SUV with the features and performance you want and can even secure used car financing that makes sense for your budget.

So, what are you waiting for? The only way to find out if a used car is right for you is to get behind the wheel of one. Schedule to test drive a used car at a dealership in your area today.