Why Buy a Used Vehicle at Premier Chevrolet of Carlsbad
Spend some time looking at new vehicle prices and you know there is not an inexpensive one on the market unless you buy a stripped down, base model without any options or packages. Depending on what you are after, whether a car, truck, minivan, or SUV, even that may not be a possibility. At Premier Chevrolet of Carlsbad, you have three tiers of buying used; Certified Pre-Owned, Used and Used under $18k. So, if you live in Carlsbad, Oceanside, or Vista, and you are in the market for a good used vehicle, you can find a good deal at Premier Chevrolet of Carlsbad.
Why Buy a Used Vehicle?
New vehicles come with a higher sticker price that can make “new” a harder option for many auto buyers, but with a used vehicle your sticker price is lower. Your payments are lower, and the term of your loan may be shorter, so you can pay it off faster which will help improve your credit if you have had some challenges in the past. Other advantages include less vehicle depreciation, lower insurance costs, lower dealership fees, more ability to buy, and peace of mind.
Used Vehicles Have Lower Depreciation
Unfortunately, depreciation is unavoidable when you buy any vehicle whether new or used, but the amount of depreciation is significantly different. New vehicles will depreciate by about 20% when they leave the lot, and most vehicles will lose another 10% in value through depreciation in the first year you own your vehicle. Used vehicles depreciate much slower because when you sit down behind the wheel of a used vehicle its period of greatest depreciation will have already passed. New cars depreciate the moment you drive off the lot, whereas a used vehicle has slower depreciation, so your loan-to-value ratio is more stable.
Used Vehicles Have Lower Insurance Costs
Insurance will fluctuate according to your age, credit score, driving history, location, credit score and mileage. In essence, the lower the vehicle cost, the lower your insurance cost because insurance cost is based primarily on value. A used vehicle’s value is less than that of a new vehicle, and it follows that insurance cost should also be less. If the used vehicle is older and you can pay cash, you may be able to get away with just getting liability insurance.
You Get More Buying Power
You can buy a higher value vehicle by purchasing used rather than new. For example, buy a new car and ask for special options and packages and you will pay extra over the sales price. With a used, if you shop for a vehicle that has the options you want, then the sales price will already have those options figured into the sticker price. You may be able to afford a used luxury car, where you couldn’t if you purchased it as a new model.
If you want to buy a quality used vehicle, look no further than Premier Chevrolet of Carlsbad. Look at our large inventory of CPO vehicles, used vehicles, and used vehicles under $18,000.00 to find the vehicle that fits your lifestyle and your budget.
If you want to buy a quality used vehicle, look no further than Premier Chevrolet of Carlsbad. Look at our large inventory of CPO vehicles, used vehicles, and used vehicles under $18,000.00 to find the vehicle that fits your lifestyle and your budget.