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Buying used trucks may not have been your first choice, but due to money and various other reasons, maybe it makes the most sense for you. Pre-owned vehicles have a bad reputation for the number of lemons that were sold in the past, but things are different from the way they used to be. In fact, there are five good reasons to consider buying pre-owned. Price The most obvious benefit to buying a pre-owned car is the price. New truck prices vary, but some go as high as $40,000, depending on the manufacturer and options you choose. Some dealerships even have extra fees outside of tax, title, and license, but even in those scenarios, they tend to be less for used trucks. If you're not in a situation where you can afford new prices, going pre-owned is a good choice. Reducing Insurance Costs Speaking of reducing costs, another benefit of buying used trucks is the reduction in insurance premiums. One of the primary factors insurance companies use to determine your rate is the value of the vehicle. Pre-owned vehicles are less valuable than new vehicles, so insurance costs are lower, as well. Depreciation New cars depreciate the minute you take them off the lot, and some lose up to 40% within their first year. That reduces the value of your car or truck, and makes it difficult to recover the full value in an accident. Used trucks don't lose value when you leave the lot. Their value on the lot remains the same until wear and tear or time causes them to lose value. Variety If there is an older vehicle you have your sights set on, it may be difficult to find in new condition. However, you have a great variety of previously owned vehicles to choose from. Finding an older vehicle and fixing it up may increase the value. Even if you're not interested in classic cars, pre-owned vehicles still offer more variety than new trucks when you consider price and options. Background Check Advancements in technology have made it easier to determine the value and history of pre-owned vehicles, reducing the likelihood of buying a lemon. Before, the best way to evaluate a purchase was to take it to a mechanic. Now, CarFax allows buyers to get a vehicle's historical info, and you can pull the estimated value based on the VIN from websites such as kbb.com. If those do not provide enough information for you, you can also log on to a message board dedicated to the truck you're interested in and ask other buyers about their experiences. You can find good deals with most dealerships, and if you're diligent about the one you choose, you can get a used truck that will last you quite a while. To learn more about their options for used trucks, Bay City residents should visit http://www.thinkthelen.com/index.htm.
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