Why the Best Used Cars in Kansas City Aren’t Fresh from the Factory

A brand new car can be a tempting purchase. But is it worth it? Whether you buy new or used, you’re making an investment in a car. So which is more beneficial? There are more draws to a used car than you’d think, and many of them are focused on money! Particularly when you choose to finance a car, understanding the difference between new and used can save thousands in the long run.

Used Vehicles Are a More Affordable Car Investment

As you explore car lots near you, you’ll notice that used cars are almost always more affordable than a new vehicle. This makes a huge difference in car financing - your monthly payments can be more affordable when you purchase a used car.. This way, you can stay on budget and get a car payment that fits into your lifestyle. As you’re car shopping, it’s a good idea of what to expect from Kansas City auto sales. Most used car dealerships have a large inventorywith vehicles of all ages. You can still find a relatively new car, but your loan amount will be much smaller than if you bought a new one, saving you money up front.

Less Deprecation with Used Car Investment

All vehicles depreciate as they age. However, a brand new car depreciates as soon as you drive it off the lot. Some models can lose 40 percent or more of their value in the first year, putting you upside down in your loan; that is, you’ll owe more than the car is worth! When you purchase a used car, the majority of depreciation has already occurred, so you know you’re not losing nearly as much in your car investment. You won’t know how much a new car will depreciate until you go to sell it - but don’t take the risk! A used car depreciates slower, so you know exactly what you’re getting into.

There Are More Options with a Used Car Investment

Although a brand new car can be tempting, there are far more used cars in Kansas City to choose from. Maybe you want a model or package that is no longer manufactured. You can still find it on a used car lot near you! It takes a lot of trust to buy a new car. There are fewer consumer reviews available, and you might run into issues that you weren’t aware of. Used cars, however, have had time to prove themselves! Plus, you’ll notice popular models are often on used car lots. This is a great way to explore your options, test drive different models, and determine which works best for you.

Financing Is Easier For a Used Car Investment

Whenever you make a car investment, it’s a big financial decision. Once you’ve decided how much you’re willing to spend on a car, it’s time to finance. With a new car, you’ll likely have to work with a traditional bank or credit union to get approved for a loan and determine your terms, including interest rates. However, this requires a credit check. If you have a lower FICO score, you might not qualify for a loan, even if you can financially afford a new car, and the credit check will hurt your score. At a used car dealership with in-house financing, you don’t need a credit check to qualify. Instead, your ability to be approved for a loan is solely based on your monthly income. This also simplifies the car-buying process! You’ll pay your loan to the same place where you purchased the car, rather than mailing payments or memorizing yet another bank log-in. The buy here pay here method of financing streamlines the approval process and simplifies the amount of work on the customers side.

Used Vehicles Are a More Trustworthy Car Investment

At a reputable car dealership, the vehicles are well taken care of, even if they’re gently used. There are often plenty of quality pre-owned vehicleson a used car lot near you. This ensures that the vehicle has been thoroughly inspected and repaired. Some may be so new that they still hold a factory warranty. Nowadays, it’s easy to find the history of a used car, previous owners, and any accidents it may have been in. By reviewing a vehicle history report and talking to a knowledgeable sales team, you can ensure you’re making a smart purchase, even on an older used car.

Learn More at a Car Lot Near You

Despite the temptation of a shiny new car, used vehicles take the cake in terms of affordability, convenience, and reliability. Used cars are constantly cycling in and out of dealerships, so your options are seemingly endless! If you’re ready for a used car investment, find a reliable used car lot near you. A trustworthy team can help you find a used car that’s brand new to you, without the pain of spending all your money on a new one.