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5608 North Dixie Highway
Elizabethtown, KY 42701
PHONE: (866) 204-8026
Used vs. CPO - Elizabethtown, KY
Buying a car comes with a plethora of decisions, most of which are not the easiest to make. One essential decision you’ll have to make right from the start: do you buy a brand new car or a used one? There are benefits to both, but oftentimes car buyers overlook the perks of the used car purchase. Let’s take a look at some of the benefits now:
Buying used usually means you’ll be paying less for the vehicle, but it also means you’ll be avoiding the biggest brunt of depreciation. A new car loses 30% of its value in just two years. Buying a used vehicle, especially one that is over two years old, lets you skip that somewhat sad aspect of car-buying.
The financial savings don’t end with the initial transaction. Used cars cost less to insure, meaning that monthly expense drops significantly in addition to all the money you saved in the purchase itself.
Used cars come with a far smaller sales tax for you upon purchase. Depending on the state you purchase your car in, you may not owe anything in sales tax.
Registering a used car is less expensive than registering a new car. Many states charge registration fees based on the year of the vehicle; cars over three years old, but especially over five years old, tend to have minuscule registration fees.
Some people like to buy new cars because they come with a sense of security from the dealership — you can still get that security by buying a Certified Pre-Owned vehicle from Hardin County Honda. Certified Pre-Owned vehicles are carefully inspected before they’re sold and come with comprehensive protections and warranties. That is a great option for car buyers who want to save big while also feeling more secure about their vehicle.