If you are in the market for a new car, there are many very good reasons why you should consider perusing some Lansing used cars for sale instead of looking at buying new. While the thought of buying a brand new car may appeal to you because of the low miles, or you like the idea of being the first or only owner, there are also as many if not more benefits to buying a used car. Here are just some of the many reasons why buying a used car is probably best.
No Worries about Depreciation
When you buy a used car, you worry less about the car losing its resale value. It is common knowledge that once you buy a new car, it starts depreciating in value right away. In fact, most cars lose nearly a third of their value after only two years. This means that if you buy a new car and then decide to sell it just a few years later, you are far more likely to lose money when you do sell it than if you had bought your car used in the first place.
Save On Price
One obvious benefit to shopping Lansing used cars for sale rather than looking for something brand new is the price. There is actually very little difference between a brand new car and a used car of the same make and model that happens to be two years older. You may even be able to find an older car with more miles on it that will cost you less in cash upfront than what your monthly car payment would be on a new car, and you could drive the older car around for a few years without problems. It happens all the time, and many older, more used cars have a lot of life left in them. You just need to know which makes and models last longer.
More of a Selection
Buying a used car rather than new also offers you a bigger selection. New cars are going to be a lot more expensive than most used cars and so if you are open to considering a used car, you will have more of a selection to pick from. Even those features that appeal to you about new cars such as DVD players, remote starts, power locks and windows, can be installed after market in used cars, and still would not cost as much as buying new.
Save On Auto Insurance
If you are open to Lansing used cars for sale and do not just set your heart on buying new, you can save a lot of money on car insurance. Most lenders require that drivers who have vehicles financed carry both liability and comprehensive if you have the vehicle financed. However, most lenders also only have this requirement if the vehicle is financed for less than a certain loan to value amount. You can save by carrying the state required minimum amount of insurance if your car is less than what your auto insurance premium would be, for example.