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Cars for sale close to me
Used Cars For Sale Near Me
by Warren Jones · Published November 21, 2017
Lets face it, buying a used car can be a better option from both a financial standpoint and a sales standpoint. Not only can you often get a great deal on a slightly used car, but you’ll typically experience lower monthly payments and a shorter loan life.
Are you interested in finding used cars for sale near you? Simply browse used cars for sale near me on the map below and find a list of used cars for sale near you! Need a bit more information on used cars? Read on for interesting facts, trivia, and more!
Used Cars For Sale Near Me – Find it on the Map
Used Cars For Sale Near Me – Used Cars For Sale Trivia
True or false: New cars depreciate 20 percent when they are driven off the lot.
If you’re searching used cars for sale near me, then you’ve likely heard the old adage that new cars can depreciate as soon as you drive them off the lot. Well, don’t chock this up as an old wives tale because car experts agree: new cars will depreciate at least 20 percent the moment you drive them off the lot. By the end of year one, you’ll lose another 10 percent in your car’s total value. That’s a 30 percent total loss just during the first year of owning a brand new car. If you’re thinking that’s a lot of money to lose, that’s because it is. On average a car purchased for $30,000 brand new will lose more than $9,000 during that initial year of ownership. In order to avoid this hit, experts recommend buying a one year old used car. Though one year old used cars can often be difficult to come by, it is pretty easy to find a two or three year old used car on the lot. When you find the “right” used car, it’s totally possible for an owner to buy the car, drive it, and sell it again with little to no loss in equity. This is because depreciation levels out after a car’s second year. The rate of depreciation dips again around the fifth year of ownership. It’s all about finding that sweet spot and making smart decisions.
Experts agree, a used car is the way to go!
Can buying a used car decrease insurance cost?
One of the many reasons individuals search used cars for sale near me is to save money and still get a quality dependable vehicle. Another reason many people seek out a used car is to lower their insurance costs. One key factor in determining the cost of car insurance is the overall value of the car itself. Since a used car has less value than its newer counterpart, the cost of car insurance is lower than that of a new vehicle. Even more money can be saved on insurance as some elements of the insurance package can be dropped. One a car is old enough, you can consider dropping collision and theft. Of course, this is only recommended if the car is over a certain number of years old and has depreciated in value. No matter which way you look at it, your used car purchase will likely 100% results in some lower car insurance rates, though this can vary based on the state you live in.
Used Cars For Sale Near Me – Used Cars For Sale Facts
More Bang For Your Buck
Some people love a shiny new car and other people love to save money. Odds are if you’re searching used cars for sale near me, you’re looking to stretch your car buying dollar to get a great deal. According to experts, in buying a used car, you can typically buy more car (a car with more features and amenities) than if you are to buy a new car. You might not be able to afford a brand new luxury car, but you can likely afford one that’s two or three years old. It used to be that a car that went over a 100,000 miles done and fit for the junk yard. Cars now typically run to around 200,000 miles. That’s like an entire second life for the car. Because of this, carmakers no longer need to redesign their models every year or do complete car overhauls like they had to do in the past. Sometimes a car can potentially look identical for several years in a row with little change in features but a big change in price. For example BMW rarely changes their overall car design. This means when a three year old BMW shows up in your driveway, your neighbor likely won’t know you didn’t buy a new car as it looks almost exactly like a new one. If you want a bigger bang for your buck, stick with a used car.
Maintaining Peace Of Mind
One thing that used car buyers used to have to be leary of was buying a car that was chock full of problems or had a long history of accidents, flooding, or damage. If you’re searching used cars for sale near me today, that’s no longer an issue. Today, risk is minimized thanks to companies such as Carfax and AutoCheck that can provide you with very detailed vehicle history reports. Based on the car’s VIN number, the reports can relay information such as the amount of mileage put on the vehicle, how many accidents the car has been in, if the car has sustained any flood or storm damage, and if the car was ever declared a loss by an insurance company. By simplifying have a Carfax history report done, you can get total peace of mind as to where your vehicle has been and the state it is in upon purchasing it. Buying a used car has never been easier, more economical, or more beneficial.
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