Replacing a vehicle or getting your first car or truck is an important financial decision. There are several factors that will influence the vehicle you choose to buy. Many of those factors are more advantageous when you choose to invest in a slightly used Mazda in New Lenox. Here are just a few reasons it’s better to buy something that’s a few years older.
Avoid the Steeper End of the Depreciation Curve
Every car depreciates in value once it’s driven off the car lot, but that curve is most significant when you buy a brand new vehicle. As soon as you buy a new vehicle, it loses up to 20% of its value within the first three years of ownership. When you buy a car that’s three years old or older, you avoid that significant drop in value.
Get More Car For Your Money
Since the depreciation curve levels out after a few years, buying an older car will allow you to pay less money upfront. This means you can get the same make and model at a significantly lower cost by buying a model that’s three or four years old. Some people choose to use these savings to help them get a more luxurious or sportier vehicle than they could otherwise afford.
Enjoy a Smoother Ride
When you buy a used Mazda in New Lenox, you’ll be benefiting from the years of tweaking that a new vehicle requires. A brand new vehicle will have quirks and flaws that require the expertise of an auto mechanic. While these repairs or modifications will be covered by a warranty, there’s still the inconvenience of having to deal with them. On the other hand, an older vehicle will already have had these flaws worked out. This means you’ll enjoy a smoother ride, and you’ll need to spend less time at the dealership for service.
