Why Buying a Used Car Is a Smart Idea

Why Buying a Used Car Is Smart
Buying a used vehicle is a smart decision, and even more when you buy from E-Z Way in Hickory, Lenoir, Morganton, or Lincolnton!

Buying a new car can be out of the question for many drivers, but new vehicles aren’t the only option. Used vehicles may present a better value to the right buyer. Here are a few reasons why buying a used car from E-Z Way Auto Sales is a wise decision.

Depreciation
There aren’t many things that can reduce a new car’s price as dramatically as depreciation. Depreciation is the initial drop in value that the car takes when it leaves the lot under new ownership. The drop in value can sometimes be as much as 40%!

Fortunately, used cars don’t go through this sudden initial depreciation, as they’ve already had one owner and are no longer considered new. That means a used car will retain more of its value after you purchase it.

Certified Pre-Owned Programs
Some manufacturers and dealerships sell used vehicles that are known as Certified Pre-Owned (CPO) models. Before a car is admitted to a CPO program, it must be inspected and reconditioned to like-new status and undergo a background check. After that, the dealership or manufacturer will back the vehicle with an extended warranty.

Those benefits tend to provide peace of mind for drivers of all ages. While a CPO vehicle will be more expensive than an ordinary used model, it’s still thousands of dollars cheaper than a comparable new car.

One Reply to “Why Buying a Used Car Is a Smart Idea”

  1. I do like how you mentioned that we could potentially get new cars with a good depreciation value when we get pre-owned ones as they can drop up to 40% of the original price. That would be perfect as it will help me grant my son’s wish to own his own car without affecting our budget too much. I’ll be sure to visit some owned car dealers later and scout some potentially good cars there on a deal. Thanks!

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