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Should you buy a used car?

Last updated 3 years ago

Used. Pre-owned. Previously enjoyed. Gone are the days of the shark-skin-suit-clad used car salesmen offering heaps that were owned by a little old lady who only drove it to church on Sundays. Today, late-model used cars are not only a safe buy, they make good financial sense. This article will highlight the advantages of buying used over new, so you can decide which is best for you.

The same car for less money

When you buy used, you miss out on the heaviest depreciation hit. A new Honda Accord LX will set you back around $21,500. Buy a similarly-equipped two-year-old Accord with 24,000 miles and you'll pay about $4,000 less. (And that's for a car that holds its value well. A Mitsubishi Galant ES costs about the same new as an Accord; 2 years and 24,000 miles later it's $7,000 cheaper.)

More car for the same money

A nicely equipped new Toyota Corolla XRS will set you back around $18,000. But what if you want something bigger? For the same amount of money, you could buy a two-year-old Toyota Camry loaded to the gills or a three-year-oldAvalon, Toyota's biggest sedan. Planning on growing your family? You'll find plenty of four-year-old Honda Odyssey minivans in the new Corolla's price range.

You can also move up in prestige. A new Toyota Camry XLE V6 with all the bells and whistles is a nice ride; at $30,000 it had better be. But for the same price (or even a couple grand less), you could be stylin' in a two-year-old Lexus ES330, Audi A6 or BMW 325i.

In the end

In the end, all of these things have a price, often several thousand dollars. Is it worth it? That's up to you -- but if you're looking to stretch your car-buying dollar as far as possible, it's hard to argue against buying used.

When you're ready take a look @ what Autoway.ca has to offer in our certified Inventory. If you dont see anything you like feel free to put in a request under the used car factory and we will find the right vehicle for you. Autoway.ca is the largest vehicle location service provider in western Canada. We have thousands of happy customers and WILL find the right vehicle to meet your needs!


 

 

 

 

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