The Pros and Cons of Buying A Used Car In Atlanta

Used car buyers are a different breed. Some people may go their whole lives and never own a “new” car. But, for the used car buyer it’s still “new” to them. Here are some pros and cons…

USED CAR PROS:

1) You’ll pay less “up front.” Usually, much less.
That’s probably the single biggest advantage to buying a used car. Even a slightly used car could cost considerably less than a brand-new version of the same make/model car.

2) Someone else put the depreciation into overdrive.
Yes, a used car will continue to lose value the older it gets and the more miles you clock; however, the year-to-year differential is almost always less with a used car. Where a brand-new car might be worth roughly 30 percent less than you paid for it by the time two years have passed, your used car will typically lose only about 10-15 percent of its value over the same time period.

3) Buying used can save a lot of money on taxes and insurance.
Property taxes are based on retail value; the lower that amount, the lower your tax bill.  Plus,when insurance companies like to talk up the latest safety advantages of brand-new cars, the actual discounts they offer are often very small relative to the total premium. New cars cost more to replace. It’s as simple as that.

4) Late-model used cars are generally much better-built and reliable than used cars once were.

In the ’70s, a three-year-old car with 40,000 miles on it was well into vehicular middle age. But today, a late model used car with 40,000 miles is still a baby; even with 75,000 miles on it, things should be okay for at least another 50,000 miles. Plus, as new car warranties grow longer-lived, many late-model used cars are at least partially still covered.

USED CAR CONS:

1) You don’t always know what you are getting.
Who knows how it was treated by its previous owner(s)? It may have been abused — or just not serviced per the factory recommendations. The vehicle might have been in a wreck; or maybe under water. Sometimes, these things can be hard to detect. With  a used car, you have to worry about the price and the car itself, too.

2) Freedom of choice is not always an option when buying used.
You will be under greater pressure to buy the car you’re looking at because you know it will be tough to find another just like it, with the same options, in the same color, with the same mileage, etc. It’s harder to walk away because if you do, you know you’re back to square one.

3)  A used car is… used.

It will have flaws (paint chips, minor damage, stains on the carpet, etc.) and it has less useful life left in it.
No matter how gently you drive, no matter how rigorously you service it, a used car will not last as long as a brand-new car. You’ll be paying for maintenance items more often.

BOTTOM LINE: How much money do you want to save and how much risk are you’re willing to assume?

I hope this was helpful. Tell me what you think. If you have any more questions, feel free to see us at The Southtowne General Motors Superstore

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