Even though drivers undoubtedly love that "new car smell," most don't get olfactory satisfaction when they buy a vehicle. How do we know? Recent reports show shoppers are nearly three times as likely to purchase a secondhand auto than an untouched one. Why is this? To answer that question, we've come up with five common reasons drivers buy used cars far more frequently. Reason One: They're A Lot Cheaper You've probably heard that a new vehicle loses at least some of its value the moment you drive it off the lot. But what you may not have heard is that that vehicle keeps losing value at an incredible rate over its first five years. By that time, that once pristine car or truck will have lost a whopping 60 percent of its total value! Although depreciation rates vary based on the carmaker and mileage, all automobiles, even luxury vehicles, are subject to it. That fact doesn't sit well with many thrifty shoppers which is why they opt for used cars instead. Reason Two: They're Safer Than They Were There was a time not so long ago when a pre-owned auto was a risky purchase, both from a financial and a safety perspective. But because almost all secondhand vehicles are now equipped with standard safety features, such as airbags, seatbelts, and anti-lock brakes, there is no longer a significant difference between the operating safety of a new and used vehicle. There is, however, still a chance that you could lose your investment on a lemon. Of course, even that risk is considerably lower because automobiles are so much safer. Reason Three: They're Less Expensive To Insure Because it is cheaper to repair or replace the parts and components of an older auto than a brand-new one, insurance rates for second-hand models are often more affordable. The difference might not be massive, but it should help you save a couple hundred dollars each year on your auto insurance. Reason 4: They're More Reliable Than Ever They often say they don't make 'em like they used to. Fortunately, they don't say that about automobiles. Today's cars and trucks are not only safer than those of yesteryear; they're also more reliable. When properly cared for and maintained, a secondhand model from any of the leading carmakers should easily surpass 100,000 miles without any major problems. Many even make it to 200,000 miles before they head to that junkyard in the sky. Reason 5: They Get Better Gas Mileage Than Before Like any machine, an automobile inevitably becomes less efficient the more you use it. In addition to a greater risk of automotive repairs, drivers must pay a bit more at the pump because gas efficiency drops as a vehicle ages. Although you might not be able to prevent this loss, the fact that today's cars are more gas efficient than ever means that you will still be getting historically high gas mileage. For those reasons and many more, buyers are choosing used cars over brand-new ones at the dealership. When considering used cars, Central PA residents visit Klick Lewis. Learn more about them at http://www.klicklewiscars.com/VehicleSearchResults?search=preowned.
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