If you are buying used cars Colorado
This is the major drawback for new cars, which makes purchasing them a bad investment idea. Despite the fact vehicles are lasting longer, they tend to depreciate faster during the first years of their lifespan. While depreciation rates differ depending on the car model, new cars tend to lose 50% of their value in the first 3 years after leaving the showroom. New cars may have some benefits attached to them (Warranty, low financing and free maintenance), however depreciation is the largest setback that make people to prefer used cars.
More Car for your money
This is an area used cars have an edge against new ones, courtesy of annoying depreciation. This gives you better returns for your money, when buying a used car instead of a new one. The money that can afford you a base entry to the new car market, may give you a better-equipped and fancy car in the used car market.
Certified Pre-owned Options
Many shoppers prefer paying a premium for new cars because of the warranty offered against any shortcomings. Fortunately, many carmakers are nowadays offering some version of Certified Pre-owned (CPO) program, which makes used cars a better option. The Manufacturers have different CPOs among themselves. Note that Manufacturer CPO, which offers a better package, is different from the Dealership CPO. There is some form of warranty for the Manufacturer certified vehicles (which vary depending on mileage or time); they may include benefits like free roadside assistance and free loaner when you feel like selling it.
Lower Insurance Costs
The insurance organization will decide your premium based mostly on the value of your car. This is because they will have to pay more in case of a wreck for an expensive car. The insurance for a used BMW will be lower than what will be incurred for a new one. You might not detect the disparity between a 3-year-old Mercedes Benz and a new, but your insurance does.
Cars Last Longer Nowadays
That is the reason why no one is selling cars with 5-digit odometer anymore. The option of the CPO offer should silence critics of used cars. However, we should note that CPO offers are there because cars last longer nowadays. In terms of mileage, we may not equate 200000 miles with 100000 miles but we cannot ignore the strides achieved by vehicle manufacturers. Use car buyers should still be accompanied by mechanics for inspection before making any purchases. However, the remaining lifespan of a used car is something that is debatable.Conclusion
Buying used cars Colorado springs car you can save lots of money. Your mechanic can tell you what restoration work the vehicle needs and what repair work it might require. Getting your auto technician examine the car just before you purchase it is one of the best things you can do to make sure that you are getting value for your money. If the vendor will not allow your auto mechanic to look at the vehicle, you should be extremely dubious.