5 Practical Reasons to Buy a Used Car

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There are lots of reasons to buy a used car, but the most important one is that it can save you tons of money! In fact, buying pre owned vehicles in Spanaway, WA, can save you enough money to pay off your mortgage in some cases! From saving money to getting better gas mileage, there are many reasons to buy a used car instead of a new car. Here are five practical reasons to buy a used car over a new one.

Low Vehicle Depreciation

When you buy a new car, it can lose up to 20% of its value the moment you drive it off the lot. In just the first year of ownership, a new vehicle can depreciate by as much as 30%. After three years, that number jumps to 40-60%. But when you buy a used car that’s just a few years old, it’s already gone through that initial depreciation hit. So, you can save a significant amount of money by buying Spanaway used cars.

Less Insurance Cost

One of the most practical reasons to buy a used car is that the insurance costs will be lower than if you bought a brand-new vehicle. When you get into an accident with a brand-new car, your insurance company will have to pay out more money to replace or repair the vehicle. However, with a used car that is not as valuable, your insurance company won’t have to pay as much. This means that your monthly insurance payments will be lower. Plus, many insurance companies offer discounts for insuring older vehicles.

Less Stress

Buying a used car from a used cars inventory in Spanaway, WA, is a less stressful process than buying a new car. You don’t have to worry about the car’s depreciation, you can haggle over the price more easily, and there are more used cars to choose from, and you can find the perfect used car for your needs.

Maintenance Costs are Much Lower

One of the most practical reasons to buy Spanaway used cars is that maintenance costs are going to be lower. You’re not going to have that new car warranty to rely on, and things will start to go wrong as the car gets older. But, if you’re buying a used car that’s only a few years old, you’re still going to have some of that original manufacturer’s warranty left.

First-Time Buyers Get More Attractive Interest Rates

Many people think that only new cars get low-interest rates, but that’s not always the case. If you’re a first-time buyer with good credit, you can often get just as good of a rate on a used car as you could on a new one. That’s because lenders see used cars as less of a risk than new cars. So, if you’re looking to save some money on your car loan, buying a used car is a great option.

The author of this article is a leading supplier of Spanaway used cars and has over a decade of experience in the industry. In this article, he explains the reasons to buy used cars and how it saves money. Visit https://www.westernautosalesnw.com/ for more.

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