The Benefits of Buying Pre-Owned

2010-06-16T22:24:00.000-04:00

The power of the world-wide-web has changed the world, car buying included. Consumers are now privy to information that wasn't accessible prior to getting stuck with a lemon. Vehicle History Reports offered by companies like Carfax disclose Title Information, Flood Damage History, Total Loss Accident History, Odometer Readings, Lemon History, Number of Owners, Accident Indicators (such as airbag deployments), State Emission Inspection Results, Service Records and Vehicle Use (taxi, rental, lease, etc). Carfax goes as far as offering a Buyback Guarantee. Under this guarantee, Carfax will buy back a vehicle if it had a problem title, which had been reported to a DMV, but was not included in the Carfax report. Feeling safer already? Read on..

It's no secret that the moment you drive a brand-spanking new car off the lot, it starts losing value. The typical depreciation curve of how much value a car loses with each year of ownership, is typically steeper during the first two or three years and then flattens out. Letting someone else take the initial and biggest depreciation hit allows you to enter ownership of the vehicle as it depreciates at a much slower rate. Of course, some makes/models hold their value better than others and Kelley Blue Book shared their Top 10 picks for Best Resale Value on their website.

If you are looking to stretch your car-buying dollars as far as possible, purchasing a pre-owned vehicle not only makes sense, but has great appeal. The starting price of a new Honda Accord EX V6 Base Model is roughly $28,000. For the same amount or less, you can upgrade to a prestigious 2-year old BMW 5-Series with a remaining Factory Warranty or a luxurious Lexus ES 350 with just 17k miles. Add the Little Trees New Car Scent Air Freshener for just twenty cents, and your mission is complete.

Top 3 Reason to Buy A

Previously Enjoyed Vehicle

1. You've already missed the heaviest depreciation hit
2. You will get much more for your money
3. Your insurance rates will be cheaper

Buying A Preowned Car Doesn't Have To Be Difficult

The Benefits of Buying Pre-Owned