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Why buy a used car?

Published on Jun 6, 2024 by Olivier Lemay

Why Buying Used is More Advantageous than Buying New Cars

When it comes to purchasing a vehicle, the decision between buying new or used can be challenging. However, buying a used car offers several advantages that can make it a smarter financial decision. From lower costs to reduced depreciation, there are numerous benefits to consider.

Lower Purchase Price

One of the most immediate benefits of buying a used car is the lower purchase price. New cars lose a significant portion of their value as soon as they leave the dealership lot. By opting for a used vehicle, you can avoid this initial depreciation hit and get more car for your money. This allows you to potentially afford a higher-end model with more features than you could if you were buying new.

Reduced Depreciation

Depreciation is a significant factor to consider when buying a vehicle. New cars can depreciate by as much as 20-30% in the first year alone. In contrast, used cars have already undergone their most significant depreciation, meaning they will lose value more slowly. This can result in better resale value if you decide to sell the car down the line.

Lower Insurance Costs

Insurance premiums are typically lower for used cars compared to new ones. This is because the value of a used car is less than that of a new car, leading to lower collision and comprehensive coverage costs. Lower insurance premiums can add up to significant savings over the life of the vehicle.

Variety and Availability

When buying used, you have a wide range of makes, models, and years to choose from. This variety can make it easier to find a vehicle that fits your specific needs and preferences. Additionally, with the vast availability of used cars on the market, you're more likely to find a car that fits your budget.

Environmental Benefits

Buying a used car can also be more environmentally friendly. The production of new cars consumes a significant amount of resources and energy. By purchasing a used car, you are essentially recycling and reducing the demand for new vehicles, which can help lower your overall carbon footprint.

Financing Options

Financing a used car can be more flexible and affordable. Many banks and credit unions offer competitive interest rates for used car loans. Additionally, some dealerships provide in-house financing options, making it easier to get approved even if you have less-than-perfect credit.


Buying a used car offers numerous advantages, from lower costs and reduced depreciation to a broader selection and environmental benefits. If you're in the market for a vehicle, consider exploring used car options to maximize your savings and find a car that suits your needs. Visit our dealership today to browse our extensive inventory of high-quality used cars.

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