Used Cars Offer Buyers a Lot of Value

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Why is Buying a Used Car a Good Idea?

It’s difficult to live your life on your own terms without access to safe and reliable transportation. Pre-owned vehicles can offer buyers excellent value, as well as additional options when compared to buying new vehicles. So, why is buying a used car a good idea? As we alluded to earlier, there is a lot of intrinsic value in the broad inventory of used cars, trucks and SUVs we have available at Cambridge Centre Honda. Let’s take a look at some top reasons you should consider making an appointment today to take home a used vehicle.

READ MORE: Take a Look At Our Best Used Vehicle Deals

Flatter Depreciation Curve

The moment a new vehicle leaves the showroom, it loses a large portion of its resale value. In the business, we call that depreciation. The older the vehicle gets and the more kilometres the vehicle puts on its odometer, the more value it loses. On the other hand, a used car has already gone through much of that depreciation. 

When it comes time to sell or trade in your used vehicle, you are more likely to get more of your money back than you could expect with a new automobile. 

Lower Insurance Costs

Let’s assume you buy a used vehicle and you don’t need to take out a loan; you won’t need to have a full coverage insurance policy. Just liability coverage that meets local requirements. New vehicles are almost certainly more expensive to insure across the board — a full coverage policy notwithstanding. 

Lower Up-Front Costs

Remember our discussion about depreciation? That concept really comes into play when buying a used car. That’s why they are so much less expensive than a corresponding new platform. Let’s say you have a budget of $15,000. That won’t go very far in a new vehicle, though it’s a very strong down payment. Buyers shopping for a used vehicle might be able to parlay that same amount of money into something with more space and/or more options.

Cambridge Centre Honda has an incredible stock of pre-owned cars, trucks and SUVs. Reach out to one of our product experts today to take a look at what we have available.