One of the biggest questions people face when purchasing a vehicle is whether to buy new or used. Most people opt to buy a new car because of the convenience and the fact that a new car may be customized. However, purchasing a used car can be more reasonable and economical. Below is a list of six benefits of buying used.
Less Depreciation
New vehicles lose more than half of their value after the few first 3 years of their life. One major benefit of purchasing a used vehicle is that the car has already been hit with the steepest portion of depreciation. You can drive your used car off the lot without it immediately losing a large portion of its value.
Lower Insurance Rates
You are still required by law to have liability auto insurance. However, used cars do not require high amounts of collision and comprehensive coverage because they are not worth as much as new cars. Insurance rates also depend on how likely the vehicle is to be stolen.Used Cars in Villa ParkUsed Cars for Sale Villa Park
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