Purchasing a car is a big moment in people’s lives. The decision on whether to go to a dealership and buy a brand new vehicle, or buy a car which has already been used, is a big one. There are many advantages to buying from used car dealers in Springfield MO.
First, used cars are often a more cost-effective option than purchasing a new car. Used cars have a depreciated value once they are originally driven off the car dealership lot, which means they immediately a worth less than they were at the time of purchase. This is good news for a potential buyer, as the quality of the car has not declined, only the price.
New cars usually require down payment or trade-in equity. With a used car, the terms of purchase can be discussed directly with the previous owner, and there is no need to trade-in a vehicle or pay a hefty down payment at the time of purchase.
Also, when purchasing a car from buy here pay her car lots, you won’t need an car loan – but the depreciation factor comes into play once again. When you pay more money for a brand new car, you immediately lose on your investment once you drive it off the lot. Therefore, used cars are the better option, as they don’t lose value so immediately and abruptly.
However, the one pitfall of buying a used car is the amount and cost of repairs. For example, if you lose your key you may have to contact a locksmith for a costly replacement. With a new vehicle, all the parts are new so repairs are limited and should be few and far between. With an older, used car, repairs can be unpredictable, frequent, and often, costly. This is a risk when purchasing any used vehicle.
The decision whether to purchase a used or new car is purely up to the buyer, but the various factors of price, depreciation, and repairs all need to be taken into consideration before any purchase is made.