Are you looking for a new vehicle? The first question that comes to many people's minds is whether to buy new or used. While there are many benefits to both options, buying used has several advantages that make sense for many people.
Here at Lou Sobh Honda, we always want to make sure our customers are making informed decisions when it comes to their vehicle. Check out these perks to buying used and see if it's the right decision for you.
AffordabilityProbably the main benefit of buying used is the affordability that used cars can offer. Since they've already gone through their depreciation process, they tend to be much more economical than buying a new car right off of the lot. Plus, used cars can sometimes be paid for at one time, rather than getting into financing.
Lower Insurance RatesIn addition to lower monthly payments, you'll discover that protecting your used vehicle will also be much more affordable. Insurance rates are calculated according to how much your vehicle is worth, and since used cars are cheaper, so is their insurance.
Slower DepreciationA new car loses a considerable percentage of its value within the first few years of ownership. While depreciation is a constant process with cars, it tends to level out more after those years. A used car will likely have already gone through this sharp decline in value by the time you buy it, which means you pay considerably less.
OptionsModels get discontinued somewhat often in the automotive industry, often even ones that we love. When you buy used, that becomes much less of an issue. Additionally, you can find cars with different trims or features that may no longer be available on those models. Buying used is all about options, because you aren't limited by the features and trims of a single year.
Interested in purchasing a used vehicle? We've got a large variety for you to choose from, so come visit us at Lou Sobh Honda at 1105 Buford Road, Cumming, GA 30041 for a test-drive. We look forward to serving our customers from Cumming, GA, and throughout Alpharetta, Atlanta and Forsyth County.