Deciding to buy a car is a huge leap. It involves a considerable amount of money, so you can’t just jump the gun. First of all, ask yourself whether you’re buying a brand new car or a used car. Tips from a Ford dealership near Charlestown, IN can help you weigh your options to get the answers you’re looking for.
First Things First: Price
Price is often the first consideration when buying a car from a dealership in Southern Indiana. If you want to save more, you’d very likely prefer a used car to a brand new one since it’s essentially cheaper. You’ll also most likely find various price ranges of similar makes and models of used vehicles. Set a budget of what you’re willing to spend. Keep that magic number in your mind, then take a look at additional perks of buying a used car from a trusted dealer.
Understanding and Factoring in Depreciation
Ask Ford dealers and Ford owners and they will tell you that a brand new car’s value depreciates by 10% as soon as you drive it off the lot. Within the first three years, this value diminishes further by up to 20% or more, depending on how often you drive your car. You can expect your car to depreciate more in the coming years. With this in mind, you can cushion the impact of your losses by deciding to get a used vehicle instead as it doesn’t depreciate as fast as a brand new one.
Reliability and Satisfaction
Normally, used vehicles from a Ford dealership near Jeffersonville, IN are well-maintained and still roadworthy. Even if they are a couple years older, they are still reliable, safe, and definitely worth the savings. You can check with your dealership about the service history of a vehicle, identify the inclusions of its warranty, and find out if parts and repairs can be provided if you need them.
Consider Your Own Flexibility
Purchasing a used car offers flexibility. You don’t need to be tied down to a brand new ride that you need to pay for within the next three to five years. You’ll literally be stuck with it, which may or may not always be a good thing. Having a used car may give you a bit of financial freedom, and give you an opportunity to get a new one sooner because of what you’ve saved on a used car.
Evaluate Your Needs
Lastly, if you’re thinking about buying a used car, it truly helps to have a checklist of your needs when it comes to specs. This allows you to weigh your budget against the vehicle’s features. Whether you want a basic car or one with all the bells and whistles, everything will depend on the budget you set and what you need.
Now that you’ve figured out whether a new or used car is better, then you can confidently make an informed decision. For additional know-how, you won’t have to look far for assistance. Check out Jim O’neal Ford for more helpful tips.
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