Why Should I Buy a Used Car Over a Brand New One? | OkCarz

Cars in a car dealership lot

Benefits of Purchasing a Pre-Owned Vehicle at OKCarz

Are you in the market for a reliable and high-quality vehicle? Chances are, you’re debating whether or not you should buy a used car over a brand new one. To help make your decision easier, we will explore the benefits of purchasing a pre-owned vehicle at OKCarz.

[ READ MORE: What is the No Credit Finance Program at OKCarz? ]

Cars parked inside a car dealership

Less Depreciation

Did you know that new cars depreciate by roughly 10% the moment it leaves the lot? That means if you bought a new vehicle that cost $25,000, that vehicle will automatically be worth $2,500 less by the time it reaches your driveway.

Thankfully, this isn’t the case with used vehicles. While vehicles will continue to depreciate until it reaches the value of the metal itself, used vehicles depreciate far slower than new. Slower depreciation will ultimately benefit you, as the owner, if you choose to sell that vehicle later. Afterall, you will want to get as much money back for it as possible when you are done with it.

More Affordable Prices

Like mentioned before, when you buy used, you aren’t the one taking on the majority of depreciation that occurs with a vehicle. Even if a vehicle is only driven for 10,000 miles before being traded in, the price for that vehicle will be much more affordable to you since it has had a previous owner. Not only that, but many used vehicles are in like-new condition. Basically, you can find a used car that looks brand-new for a price that is far less than the giant brand-new tag.

Financing Options for Those with Poor Credit

New car dealerships have a reputation for selling their vehicles to drivers with great credit. Since drivers with poor or moderate credit scores are often rejected, it’s very difficult for these drivers to purchase or lease a new model. Here at OKCarz, we are proud to help drivers of all credit backgrounds finance for the right vehicle at the right price, including those with no or poor credit.

[ READ MORE: Does OKCarz Offer a Powertrain Warranty for Purchased Vehicles? ]

If you are ready to get behind the wheel of your next vehicle, our team at OKCarz is here to help. Contact us at your preferred location and we will be happy to help you get started!

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