Shopping for a car in Eugene is a big decision. Getting started can be difficult when you’re trying to decide whether you should buy a new or used car. Everyone has their reasons for going either way, but we’re here to give you a few of the reasons why buying a used car might be best for you and your budget.
Depreciation
You’ve heard your grandpa say it a thousand times. “As soon as you drive it off the lot, it loses half it’s value.” Well, that’s a bit of an exaggeration, but your new car will depreciate about 30 percent over its first year. So, unless you feel comfortable with your payment, your car, and that you can pay down 30 percent of your remaining auto loan within the first year, you’ll be upside down on it fast.
Used cars don’t depreciate nearly as fast as new cars because you’ve already let it do that on someone else’s watch. The value of a used car somewhat levels out over time and you’ll quickly have equity in your car after you buy it.
Insurance Rates
When you talk to your insurance agent about your new car, you’ll probably be shocked at the quote you get for your new premium. Don’t empty your change jar just to insure your car. Save that money for a rainy day and buy a used car. Your wallet and change jar will thank you later.
Bigger Budget
Your budget will go a lot further with a used car than a new car. If your budget for a new car is $30,000, your options are limited to full-size sedans or small or midsize SUVs. However, when shopping for a used car with that chunk of change to your name, you can walk on just about into just about a Eugene used car dealership and get treated like a king.
Take advantage of what used cars in Eugene have to offer and let your budget stretch further. You’re more likely to find something you’re in love with rather than settle for a car that’s undersized and under provides.
These are just a few benefits of buying a used car rather than a new car. Visit your Eugene used car dealership and the staff will help you find the used car that best fits you.