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Shopping for an automobile is stressful. There are literally millions of options. One major website with vehicle classifieds has over two million listings. Along with all of these different styles, colors, models, and makes, is the question of whether to consider new or pre-owned cars. Here are two reasons why a used auto is a better value for you as a consumer. Depreciation The average price of an undriven automobile in the United States is just over $32,000. The instant a new vehicle is driven off of the lot, it depreciates roughly 11%. That is over $3,500 for the average vehicle. After a full year, it has depreciated nearly 20%. Five years after the purchase, it is worth less than 40% of what you paid. Even the vehicles that depreciate the least still lose approximately 7-9% of their value in their first year. While this is bad for those who purchase new, it is a great opportunity for someone looking at pre-owned cars. A nearly undriven auto, with years of warranty left, fresh tires, and a barely used engine can be had for close to a 10% discount. Many companies will also offer extended warranties for used models that have been inspected and are in good condition. In a few cases, these warranties even surpass those offered for brand new models. Wider Range Of Buying Options If you are in the market for the latest model, you only have one option. You have to buy it from a dealership that sells that make. The smaller the market, the less negotiating power you, as a consumer, may have. If you are willing to consider pre-owned cars, then the market becomes wide open. Every dealer, whether they sell used or new, is a viable option. You can also buy directly from private owners. With more options to choose from, you not only have greater negotiating power, but you also have a chance to compare prices. Some of the best deals out there are people with a relatively new vehicle who cannot afford to make their payments anymore. The average price of a used auto in the United States is just over $15,000. That is less than half of the average cost of a new car. While a lot of that difference is depreciation, a lot of it is also due to the fact that buyers in that market have a lot more choices. This forces sellers to offer more competitive prices. In conclusion, searching for a vehicle is a daunting task. There are millions of options out there, both used and new. Some ads tell you to buy a truck, a sedan, or a sports car. Regardless of the make and model you decide to drive off in, it would behoove you to purchase from the enormous selection of pre-owned cars. They not only offer better value for the money, due to slower depreciation, but there are many more options to choose from. This gives you greater negotiating power, as well as the ability to compare prices. To learn more about their options for pre-owned cars, Lebanon County residents should visit http://www.klicklewiscars.com/VehicleSearchResults?search=preowned.
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