5 Benefits of Buying a Used Vehicle

Used vehicle

When shopping around for the perfect vehicle, all potential buyers must decide whether to buy new or used. There are benefits that come with each, but oftentimes buying used can widen your options and provide what you need at a more affordable price. Here are five benefits of buying a used vehicle.

  • Price & Affordability: Used vehicles typically have lower price tags than new vehicles, making them more affordable to buyers. In addition, new vehicles can lose up to 40 percent of their initial value in the first two years alone. When you buy used, this depreciation has already occurred.
  • Insurance Costs: If you buy a used vehicle, your insurance rates will be lower than buying new.
  • Wide Variety of Choices: Sometimes, automakers do away with our favorite features. Buying used gives us a wide selection of model years rather than just the current model year and the last. In addition, buying used may put a make or model within your price range that otherwise wouldn’t be if you were buying new.
  • Similar Features as New Models: Oftentimes, recent model years have the same or similar features as the current model year without the steep price of buying new.
  • Used & CPO Warranties: If you buy a used vehicle from a dealership, it will often come with a warranty, so your investment is protected. Certified Pre-Owned (CPO) vehicles typically come with a new warranty directly from the manufacturer, ensuring the used vehicle’s quality and the dependability of its parts.

Browse a wide selection of used vehicle inventory when you visit our showroom at Bates Nissan.

Used Car Market Expected to Increase this Year

After an extreme economy downfall that we saw in the United States, there were a lot of drawbacks for car markets because it was becoming harder to afford a vehicle. Well, now that the economy is on the rise, the used car market is expected to increase in 2014.

“With the U.S. economy improving while dealers and banks are writing auto loans to a wider array of buyers, used vehicles sales from franchised dealers will reach their highest level since 2005,” said Phillip LeBeau, CNBC Auto and Airline Reporter.

Because more customers are now able to receive the loans they need for a vehicle purchase, more vehicles are being driven off of lots. In 2013, 15.6 million used vehicles were sold, and that number is expected to reach about 16 million or more.

Along with a better economy, it is predicted that the price of vehicles on the used car market will decrease as well. With current prices ranging in the mid-teens, there can hope to be a decrease to the lower-teens or even into single digit prices, for some vehicles.

So this year make a resolution to come by and get a used car, truck, or SUV from Bates Nissan. It will be worth the stop!

Best Used Vehicles at Bates Nissan

We all know buying a car can be difficult and buying a used car can sometimes be worse, but Edmunds released their “best of the best” used cars on the market right now, and we’re lucky enough to have three on the Bates Nissan lot.

These vehicles were picked based on the reliability, safety, value and availability and these were based largely on consumer reports. All models picked were between the model years of 2006-2011.

The Hyundai Elantra was named the best compact sedan. The Elantra “offers solid build quality, reliability and operating economy” according to Edmunds. We believe the 2011 model to be the best though because of the roomier interior and luxury features such as keyless ignition/entry and heated rear seats.

2011 Ford Mustang GT | Used Vehicles

2011 Ford Mustang GT

The Toyota Prius was named the best hybrid vehicle on the market currently. This vehicle will offer excellent fuel economy, no matter which year you consider. The 2010 model was redesigned with the driver and passengers in mind by providing a roomier interior with height-adjustable seats and a telescoping steering wheel adjustment.

The Ford Mustang GT was named the best used performance car. These “modern Mustangs provide plenty of fun along with a measure of practicality,” according to Edmunds and the acceleration and handling are both worth taking a look at.

Stop in to see our vehicles that we have in stock and we’ll gladly help you to find the best fit. To see the full list of best used vehicles, visit Edmunds.com.