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If it's time to buy a new car and you're still debating between purchasing a new car or trying out a used one, here are a few benefits to consider of buying pre-owned cars in Anchorage. Lower Price Used cars are less expensive than new cars. If you're tight on money, then a used car is the best way to get the most car for your budget. New cars often require financing and credit reports, but buying used allows you to more easily pay in full and walk away from the dealership owning the car you want. Buying used can cut out the middleman and the interest payments, and it provides you with a high quality vehicle for a fraction of the price of a new one. Less Depreciation Not only are used cars cheaper than new cars, they also depreciate more slowly. The moment you leave the dealership with a new car, its worth drops by thousands of dollars. A car is not an investment purchase, and even a luxury model won't retain its value after you drive off the lot. When you buy a pre-owned vehicle, the value depreciates much more slowly. You may even be able to resell the car in a year or two for a similar price. If you're only planning on keeping your car for a few years, buying used may save you thousands of dollars in the long run. Better Features Because new cars depreciate so quickly, you can often find recent car models with the latest features within your budget. If you love heated seats or GPS navigation, you can easily find a wide variety of models with those features at a reasonable price. Lower Fees Sales tax and registration fees are typically lower for used cars. Many states charge a significant state sales tax on new cars, but the same tax often doesn't apply to used cars. Similarly, registration fees often depend on the year and model of your car. When you buy a used car, the older model typically earns you a less expensive registration bill. Don't underestimate the value of buying a pre-owned car. You can easily find lightly used cars with top safety and technological features for a fraction of their regular price, and when it comes time to sell your car, you'll be able to regain a large portion of your purchasing price. While new cars certainly have their perks, you gain far better features and quality per dollar when you purchase pre-owned cars in Anchorage.
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