Why buying a used car is a good financial decision

When you’re in the market for a car, the first question you ask is, “Should I buy new or used?” While buying a new car can be tempting, it can also be expensive. Used cars can be a great financial decision. Here are some reasons why buying used could be your best option.

 

It’s Less Expensive
Used cars seem to get the stigma of having problems but new cars can have their own difficulties. While new cars are nice, they tend to depreciate quickly and monthly payments can be expensive. Since most people cannot afford to pay cash for a new car, buying used can be a great option. Used cars can be paid off faster than new cars, making it easier on your finances in the future. It is generally better to trade in your used car (if you have one) in order to purchase another used car.

 

They’re Reliable
Today’s vehicles can last over a decade with minimal issues if well cared for. Cars can have hundreds of thousands of miles on them and still be running strong.

Some people buy new cars because they don’t want to worry about potential issues, but even new cars can have problems. If you are worried about potential issues with a vehicle, you can always request a vehicle history report to see accidents and previous ownership. This may give you some indication of the car’s history.

In the long run, it is cheaper to fix issues that come up with a used vehicle, rather than making expensive payments on a new car that is depreciating quickly.

 

Reasonable Financing
Many used car dealerships have great financing options to make buying a car easier.

Monarch Auto Sales has financing options for every budget. We offer a Buy Here, Pay Here option for customers. We will talk with you and figure out a comfortable payment plan even if you have bad or no credit. Find out how our Buy Here, Pay Here program goes beyond that of a typical dealership. Find out more about our financing options today.

 

Let Us Help
Monarch Auto Sales in Greensboro, NC, has a huge selection of used cars at competitive prices with great financing options including our autoclick application online! Shop our inventory online. Then, come visit us and go out for a test drive! We’ll help you find the best used car for your budget.