A: By purchasing a pre-owned vehicle, you start saving from the beginning — starting with a lower purchase price. This savings continues during ownership by lower registration costs, decreased annual licensing fees, lower insurance costs and lower repair bills. As a vehicle ages, the cost for parts and repairs decline. Repairs can be made by service providers other than new car franchise dealers without fear of voiding warranties. And the benefits continue. Depreciation is slowed by letting that new car customer take the brunt of this expense. New vehicles can depreciate 30 percent and more in the first two years of use.
How about more vehicle for less money? Find that same desired vehicle, one or two years older, loaded with all your desired amenities and still spend less than new. Rather than that Chevrolet, opt for a Cadillac. Once you determine your budget for that vehicle, options are limitless when you choose pre-owned.
The biggest obstacle to pre-owned vehicle purchasing used to be peace of mind. Today’s vehicles are built better to last longer and have warranties to reflect this. Detailed vehicle histories can be verified by Auto Check or Car Fax to further put your mind at ease.
So if you’ve decided to purchase a pre-owned vehicle, the next step could be to shop for a reputable local dealer that offers years of experience, a consultative demeanor, provides resources for other services such as financing or warranties, and one that will be available whenever you may need assistance or advice on any of your automotive needs.
Information provided by Tab Miller and Mona Lillard, Preowned Solutions, 11010 Douglas Ave., Urbandale, 515-528-8100.