WHY BUY A PRE-OWNED VEHICLE INSTEAD OF A NEW ONE?
When you work with a reputable dealership like Ford Fairfield, you can get a high-end, practical vehicle without paying the new-car prices. Here are a few benefits of buying a pre-owned vehicle instead of a new one:
• Pay a Lower Upfront Cost
Pre-owned vehicles are typically less expensive than their brand-new counterparts. For example, you can purchase a 2017 Ford Fusion for much cheaper than you could a brand-new 2022 version, even if the pre-owned vehicle only had one previous owner and was in remarkably good condition. When you decide to buy a pre-owned vehicle for a lower price, you can easily access realistic financing options. This can make it easier to pay off your auto loan quicker. You'll be calling yourself a true car owner in no time flat, and you might be able to save hundreds of dollars in interest.
• Avoid Depreciation
Depreciation is a car owner's worst nightmare. When you purchase a new vehicle, you experience about 10% depreciation as soon as you drive away from the dealership. Cars experience the bulk of their depreciation during their first year, when they can lose up to 20% of their value. By purchasing a pre-owned vehicle that's older than one year, you can avoid inheriting the most significant portion of a vehicle's depreciation.
• Access the Possibility of Warranties
Just because you purchase a pre-owned vehicle doesn't mean you have to go without a warranty. Depending on how new your vehicle is, you may be able to take on the warranty that the previous owner had. This warranty may be enough to last you for however long you plan to own your pre-owned vehicle. While you're at the dealership, you may have the opportunity to extend an existing warranty for your pre-owned vehicle. Whether you decide to do this is a personal choice, but it's an enticing option for many pre-owned vehicle owners.
Even if your pre-owned vehicle doesn't have a warranty, you can rest easy with a good dealership on your side. Here at Ford Fairfield, we have a comprehensive service department that can perform the necessary maintenance tasks for your vehicle. These services can help preserve the condition of your vehicle and prevent long-term issues. Be sure to schedule regular service with our qualified technicians today.
• Lessen Your Environmental Impact
The production of a new vehicle requires a significant release of carbon dioxide into the environment. By purchasing a pre-owned vehicle, you can lower the need for Ford to produce a new vehicle. There are plenty of reliable older cars that get great gas mileage, especially when you implement techniques to improve your fuel economy. Some of these techniques include limiting the extra weight you store in your vehicle and using cruise control when appropriate.
• Pay Less for Insurance
Newer cars are typically more expensive to insure than older vehicles are. This is because they usually have more advanced technology and parts that are expensive to repair if they stop working properly. As a result, you'll likely have a lower insurance premium for an older vehicle than you would for a newer vehicle.
If you're in the market for a pre-owned vehicle, you can visit our dealership. We have hundreds of pre-owned vehicles in great condition that are waiting for their next owners. Once you give the vehicle you have in mind a good visual inspection, you can get behind the wheel and test drive it in our lot. This can help you fully imagine yourself as the vehicle's owner and determine if it's the right car, truck, or SUV for your lifestyle.