Why You Should Consider Buying a Used Car

When you’re in the market for a quality used vehicle, you may wonder if a used one is a right choice. There are many questions and unknowns that come with buying a previously owned vehicle, such as the car’s history, condition of the engine, return on investment, and more. Purchasing a new vehicle can be very enticing, mainly because, well, you’re getting a brand-new car. While there can be some drawbacks to buying used, we believe there are quite a few advantages that can provide you with a first-rate vehicle at a much more affordable price.

Let’s look at some of the many benefits of purchasing a new-to-you vehicle from Seminole Chevrolet Buick GMC.

Save Money Buying Used

The first, and usually the number one, reason people buy used over new is to save money. It’s no surprise that purchasing a used car is more affordable than buying a new one. You’re also extending your wallet even further by getting more for your money with a used vehicle. Previously owned cars, trucks, vans, and SUVs often include additional upgrades you wouldn’t have purchased if you bought that same car fresh out of the factory.

Enjoy Lower Depreciation

Speaking of brand-new cars, did you know that the moment you drive a new vehicle off the lot, it has already depreciated? The minute you drive away with your new car, it is no longer considered new and doesn’t hold the same value you paid minutes ago. If you decided to return your new car the next day, you’d probably not receive the same amount you bought it for a day earlier.

Consider Certified Pre-Owned

If a warranty is what you’re looking for in a new vehicle, consider buying a certified pre-owned. These vehicles are required to pass a comprehensive inspection and meet the following requirements:

• Six years old or less
• No more than 75,000 miles
• Clean vehicle history
• Pass a 172-point inspection that includes exterior, interior, undercarriage, and engine bay

Several of our certified pre-owned vehicles include some amazing benefits, such as roadside assistance, a scheduled maintenance program, and additional warranties.

Save On Insurance Costs

There’s more than the price tag to consider when it comes to saving money when you purchase a used car. You’ll also save on insurance costs. Insurance rates are typically based on the driver’s age, driving history, credit score, location of residence, and the car’s mileage. Another determining factor is the car’s value. Used cars have less value than new ones, resulting in lower insurance payments.

You can also save on your rates depending on the type of insurance you carry on your used vehicle. In Oklahoma, residents are required to carry a minimum amount of coverage. These requirements include:

• Bodily injury liability coverage at $25,000 per person and $50,000 per accident
• Property damage liability coverage at $25,000
• Uninsured motorist bodily injury coverage at $25,000 per person and $50,000 per accident

Many finance companies and lenders require car owners to carry comprehensive collision coverage also when taking out a loan for a new car. This extra coverage will only increase your insurance rates.

Pay Less in Registration Fees

Oklahoma requires each vehicle to be registered with the Oklahoma Department of Motor Vehicles. Registration fees are similar to insurance rates. If you have an older vehicle rather than a new one, your registration fees will also be lower. Oklahoma vehicle registration fees are as follows:

• $96 for years one through four
• $86 for years five through eight
• $66 for years nine through 12
• $46 for years 13 through 16
• $26 for years 17 and up

Enjoy a Long-Lasting Vehicle

With advancements in the vehicle industry, most used cars last much longer than they did in previous years. Vehicles can now run for an average of 12 years, especially if maintained and repaired regularly. Where most cars used to show signs of serious wear and tear around 100,000 miles, car manufacturers are now building vehicles to last up to 200,000 miles and beyond. With the availability of data and easy access to a car’s history, you can quickly discover just how long the specific vehicle you’re thinking of buying will most likely last.

Finance Used Cars With Ease

When it comes to financing your used car, many dealerships are more than willing to assist. Some even work with local lending institutions, such as community banks or credit unions, to finance your used car. They handle the entire financing process from start to finish and can explain the finance agreement using simple and easy-to-understand terms.

Many auto dealerships offer special financing specifically for people who have poor credit or are working on improving their credit. At Seminole Chevrolet Buick GMC, we do our best to find a financial and payment plan that works within your budget and with your credit history.

We’ve listed some of the more common reasons for buying a used vehicle, but there are many more, including:

• Savings on sales tax and dealer fees
• No extra spending on premium features
• Extensive selection of various makes and models
• Reliable vehicles in quality condition
• Avoiding hidden fees
• Availability of reviews from used car owners
• And many more

With a used car, truck, van, or SUV from Seminole Chevrolet Buck GMC, you can drive off the lot with the peace of mind that you’ve saved money on buying an affordable vehicle without sacrificing quality or style. We also buy used cars and offer maximum value in return. When you sell us your used car or truck, it’ll offset the price of your next new-to-you vehicle, saving you even more money.

Don’t wait any longer to find your next used or certified pre-owned vehicle from us. Check out our online inventory or stop by our lot today. You can also contact us today at 405-748-0171. We’ll be happy to talk to you more about purchasing a used car and do our best to help you find a vehicle that is perfect for you, your family, and your budget.

Tags: Car Buying Tips, Used Vehicles
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