Buying a Pre-owned Vehicle

Are You Making the Right Decision Buying a Used Car?

The car market is an ever changing industry, from rising and dropping interest rates, to the ever-fluctuating value of vehicles. As we approach an equilibrium you may be asking yourself if buying a used car is still a good idea. While it may sound biased, there are many advantages to buying a used car, truck, or SUV versus a new model. 

Used Vehicles are More Affordable 

In most if not all cases, a pre-owned vehicle will never be more expensive to purchase or insure compared to a new model. Depreciation is an unfortunate fact of life in the automotive industry, once a new vehicle is purchased it instantly starts depreciating in value, while a pre-owned vehicle also depreciates in value, it does so at a much slower rate. In addition, it can be much less expensive to finance and insure a pre-owned vehicle compared to a new one. 

Get More Bang For Your Buck

When purchasing a vehicle most buyers plan to have a down payment. If a buyer has $10,000 to spend on a vehicle, it can be used as a down payment on a new vehicle; the buyer will likely still have a high monthly payment to make and may have to compromise on some desirable features. Using that same down payment on a used vehicle will put better use to the funds. It is common knowledge that a used vehicle will be cheaper to finance because that down payment could cover a larger portion of the sales price. In addition, if you are staying within a 2-3 year old model it is likely you will be able to afford more of those desired features such as more interior space, safety aspects, or performance enhancements you may have been limited to in a new vehicle. 

Built-in Peace of Mind

Purchasing a used vehicle from Park Marina Motors means you buy from a dealer you can trust. Every car, truck, and SUV sold on our lot comes with a comprehensive vehicle history report through CarFax so you will see how often the vehicle was serviced and if it has ever been in an extensive accident. Furthermore, our highly knowledgeable automotive technician team thoroughly inspects each vehicle to ensure that they meet and exceed all safety requirements and that they are in good condition for the next owner. Purchasing a used vehicle from other sources such as private-party do not come with the same safeguards.

All in all, while we may be a little biased; we do believe that purchasing a pre-owned vehicle is a more financially sound option for parties looking to stretch their dollar and still feel confident in the vehicle they choose.