Have you been battling
between the choice of getting a pre-owned vehicle or the latest and greatest
model you keep seeing on TV? According
to Kelley Blue Book, average used car prices hover around $20,000, while the
average new car price was higher than $37,000.While it may feel like your
car is an investment after spending almost $45,000, vehicles are a rapidly
depreciating asset. New vehicles lose up to a third of their value in the first
year alone, making that $17,000 difference a little harder to justify after the
new-car smell wears off.
Here are 3 of the good reasons
to buy a pre-owned vehicle, starting with the most obvious one:
1. Save money. You won’t just be
saving a small chuck of change if you purchase a pre-owned car. You can save
about $17,000 by choosing an average pre-owned vehicle instead of a new car
whose value will depreciate as soon as you drive it off the lot. In addition to
the amount you’ll save on your new pre-owned vehicle, you’ll also pay less
sales tax, have lower insurance rates, and likely pay less to register your car.
2. Vehicle history reports. These reports available
from companies like Carfax and AutoCheck use the vehicle’s VIN to obtain
information about the number of previous owners, previous registration status,
repairs, Lemon Law history, and mileage validation. Though a car’s history
report can’t find every single possible concern, they definitely provide enough
information to give you peace of mind when researching your new pre-owned
vehicle.
3. Get a “Better” Car. In the same lot as the
new mainstream car you see in all the TV ads, a fully-equipped used luxury car
might be sitting just a few blocks away. If you’ve been wanting to move up to a
premium brand vehicle, buying used is a great way to get there without
straining your paycheck to make the monthly payments.
While there is still some risk in buying a pre-owned vehicle at most dealerships, at Richmond BMW each of our certified pre-owned BMWs are precisely inspected, reconditioned, and approved by a master team of BMW trained technicians, service advisors, and pre-owned managers to guarantee you drive the ultimate driving experience. We also offer a best in-class warranty that provides peace of mind for up to 6 year/100,000 miles. Who says you have to take big risks to get big rewards? At Richmond BMW, you get the best of both worlds.