Are Used Cars A Good Investment?

by | Jun 29, 2021 | Car Dealer

It is always nice to buy a brand new vehicle off a dealership lot in Philadelphia. However, this is not always the right decision for many different reasons. Opting for used cars over a New Year model may be the best possible option for buyers in and around the city.

There are different places to purchase used cars Philadelphia. Not all offer the same level of quality vehicles, which is why savvy buyers choose to purchase pre-owned cars from reputable dealerships in the Philadelphia area. Keep in mind, only dealerships offer certified pre-owned vehicles, which come with warranties, roadside assistance, and perks similar to that of a new vehicle.

Low Mileage and Newer Models

The best option for most buyers is to choose a low mileage, newer model vehicle. It may be a certified pre-owned vehicle or not, but lower mileage and newer vehicles tend to require fewer repairs as there is less wear and tear on vehicle components.

Technology and Safety Features

Older used cars have fewer of the modern standard features in technology and safety. These features are not just the latest in infotainment or navigation systems but also in driver-assist features such as adaptive cruise control, automatic emergency braking, and even the availability of backup camera systems.

Another issue to consider in buying a pre-owned car is the potential resale value. While depreciation is rarely an issue with these vehicles, the older the vehicle is when it is purchased, the lower the resale value on the vehicle will be when you decide to sell.

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