Save Money When You Buy Used

If your goal is to save money, then buying a used car rather than a new one is the way to go. Buying a used car will save you money in several different ways. Here are a few of the ways buying a used car instead a new one saves you money.

  • Buying a used car minimizes depreciation. Cars usually depreciate by about 20 percent as soon as they're driven off of the lot, then by another 10 percent within the first year. You can avoid this rapid depreciation by buying a one year old used car.
  • Insurance costs less for used cars. Because the value of the car is used to help determine the cost of the car insurance, buying a used car over a newer one should reduce the cost of insurance.
  • Your money goes further when buying a used car. Typically you're able to purchase more car for your money when you buy used as opposed to new. The car you've been eyeing could fit your budget if it's a couple of years old.

If you're in the market for a used car we have a great inventory of cars you can tryst right here at Pellegrino Auto Sales.

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Tags: used cars