Great Used Cars Make Great New Cars

Why Should You Buy a Used Car?

When looking to purchase a car in Southern Pines there are many things to consider, but buying a used car can make the process much simpler. With all of the great reasons to buy a used car, affordable pricing is certainly one of the best perks. Here are some of the other benefits of owning a used car:

Do Used Cars Have Little to No Depreciation?

Yes, it’s true! Used cars have little to no depreciation when driven off the lot. New cars lose most of their value in the early years of ownership; in fact, buyers can expect a new car to lose up to 50% of its value within three years. That’s a serious rate of depreciation.

Why is depreciation so important? When a buyer is purchasing a new car, they're paying the retail price which may include an additional price by the dealership on the MSRP. If the customer returns the car that same day, the dealer will only pay the wholesale price. More often than not the difference between those prices is in the thousands of dollars.

Is it Easier to Get Financing For a Used Car?

When it comes to purchasing a used car, the financing process is much simpler and easier because of the smaller loan amount. At Southern Pines Chevy GMC, we'll assist you every step of the way when it comes to your used vehicle purchase. Our finance department works hard to get you the best deals and, even if you have a low credit score, our dealership can use its position with lenders in order to get you approved for financing.

Do Used Cars Have a Warranty?

A warranty is one of the most important factors to consider when purchasing a used vehicle, and many used cars come with one. Dealers can offer a warranty on used vehicles by allowing the original vehicle’s car warranty to transfer to the new owner of the vehicle. After only two years of ownership, if the car is sold, the second owner can now get the benefits of the warranty for the remaining years. Used car buyers may also have the option to add an original manufacturer warranty or special pre-owned warranties that guarantee even more longevity from your used vehicle purchase.