Purchasing a pre-owned vehicle is a fantastic way to save money and still get that vehicle youíve been searching for. Whether you have specific automotive needs (kids, appearance, 4 x 4) or you are in a specific budget todayís pre-owned vehicle options deliver almost everything that new vehicles do at lower costs!

1. Depreciation

The moment you drive that new vehicle off of the lot, its value depreciates by as much as 20 percent. Studies and markets have shown that most cars are only worth 60 to 70 percent of their original value only 3 years after purchase. When you purchase a pre-owned vehicle, all the depreciation has already been absorbed by the original owner.

2. Save Money $$$$$$$

Purchasing a pre-owned vehicle, whether from a dealership, classifieds, or online, it simply costs less money than purchasing new. New vehicles on average run $25,000+ while pre-owned vehicles are closer to the $10,000 range.

3. More Vehicle for Your Dollar

With a pre-owned vehicle you can get amenities and accessories such as sunroof, tinted windows, navigation at a lower cost than adding these on when purchasing a new vehicle. The overall savings could be thousands of dollars.

4. Lower Vehicle Insurance Rates and Property Tax

Vehicle rates are higher for new cars than they are for pre-owned vehicles. The reasons are pretty simple: new vehicles are more likely to be fully financed and therefore need full coverage. Annual insurance rates can run as high as 20 percent of a vehicleís sticker price. Buying a newer, more expensive model can end up costing you quite a bit more money for the years.

5. Higher Pre-Owned Vehicle Standards

Thanks to many auto history check websites (Carfax, KBB, NADA) it has become easier than ever to find the full history and service records on a pre-owned vehicle. This allows you to see if a vehicle has been in a wreck or has undergone any major damage. Some pre-owned car dealerships also offer certification, which guarantees that the vehicles on their lot have been checked over and approved by their service department.

6. Pre-owned Vehicles can be just as Reliable

No vehicle purchase is guaranteed to be hassle-free, whether it is brand new or pre-owned. Factory recalls, faulty parts, and required maintenance repairs can occur just as easily in new vehicles. Make sure that the pre-owned vehicle has been checked out by the service department. Furthermore, vehicles today are extremely more reliable due to the advances in technology.

7. Finding a Great Deal

Dealerships are always looking to move their inventory. More times than not, you are going to get more dollar to dollar on a pre-owned vehicle. Many individuals turn over their vehicles in 3-4 years (Lease returns) which leaves a lot of great pre-owned vehicles for sale for drastically reduced prices from new.

8. Higher Level of Vehicle

By purchasing a pre-owned vehicle, you have a better opportunity to get a higher level of vehicle than if you were trying to purchase that same exact new vehicle. This allows you to enjoy some options and features that would also be available in the new vehicle, but for a fraction of the cost.