If you’re shopping for a car to buy near Newport News and care about saving money above all else, buying a used car from the Casey Auto Group is the solution for you. In addition to getting a great deal on the purchase price of the pre-owned vehicle, you’ll save money in the long run on costs like interest, insurance, registration, and depreciating value. Plus, models built in recent years are more durable than in decades past, so buying a used car is a great way to truly get the best value for your dollar. Here’s a look at the many ways that buying a used car from the Casey Auto Group in Virginia can save you money.
Lower sticker price
A used car that’s just a few years past its initial release will typically be priced far lower than when the model was brand-new. That’s the case with any product you buy, but especially for automobiles. That’s because the majority of new cars lose up to 30 percent of their overall value within the first few years of ownership. What does that mean for you? A much lower sale price for a used car that’s a few years old.
Stable value retention
Because a pre-owned car has already experienced its sharpest drop in value within the first years of ownership, the vehicle is more likely to retain a steady value during the years you own it — as long as you take good care of it. That means its resale value may be close to the cost you originally paid for it — which is great news if you ever decide to sell or trade in your used car to the Casey Auto Group.
Saving money on a used car in Newport News is about more than finding a cheap purchase price. You also have to consider financial transaction fees. The lower the price, the less money you’ll have to pay overall on sales tax and interest if you finance your purchase. When you register your car in Virginia, you may be billed less money. You’re likely to save when it comes to insurance premiums too. It’s simple math: If the product has a lower value to insure, you’ll spend less on coverage.
More affordable upgrades
Ever wanted to drive a top-of-the-line SUV with all the bells and whistles? Or a luxury car to ride in executive style? It’s more affordable to buy your dream car if you purchase one that’s pre-owned. Because of the lower purchase price, a fully loaded or premium model that’s a few years old may be more budget-friendly for you.
Peace of mind
Some people may be suspicious of buying a used car because they view it as a risk. After all, you can’t know about how it was driven before you bought it, right? Not necessarily. Companies like Carfax and AutoCheck make it easy to find vehicle history reports using VINs. You can verify mileage, find out about accidents or major repairs, and see how many previous owners a car had. You can also get supplemental insurance or buy a certified pre-owned model if you’d like a little extra assurance.
At Casey Auto, we have an extensive inventory of affordably priced used cars waiting for you to take for a test drive. Browse our current selection and contact us when you find the model you like most.