Why Buy Used Cars in Grand Forks

Car shopping can be stressful. Other than buying a home, your vehicle might be the most expensive purchase you ever make. Even before you sit down and determine what kind of vehicle you want, you need to decide on its make and model and whether you should go with a new or used option. While purchasing a brand-new vehicle can be enticing, there are several reasons why you should consider buying a used vehicle instead.

Used Cars Have Less Depreciation

You might already know that if you have a new car, it loses 20% of its value the minute you drive it off the lot. By the end of the first year, adding mileage as well as wear and tear to the vehicle can reduce its value by up to 30%. As a result, your $30,000 brand-new vehicle is now only worth $21,000 after its first year. You might not feel this big of a hit until you try to sell or trade-in your vehicle, only to find out it's worth far less than you had hoped.

Lower Cost Car Options

Lower cost is perhaps the biggest factor in why people purchase used vehicles. If you know your vehicle is worth about 20% less after its first year, why wouldn't you save money and buy an almost brand-new vehicle? Used vehicles have lower starting prices than new models, some of them as low as $10,000, and they're still perfectly capable of working well. Car experts can also steer you in the direction of reliable, long-lasting car models that will last long after you purchase them.

More Car for Your Money

Stretching your car-buying dollar is another benefit to purchasing a used vehicle. You might not be able to afford that new luxury vehicle you've been eyeing, but your budget will allow for one that's a few years old. As a bonus, since automakers no longer redesign their models every year, nobody needs to know that you don't have the newest model sitting in your driveway.

More Variety

Each year, more than 350 new models hit the new car market, and although that number seems impressive, the number of models available on the used-car market easily surpasses that number. Since not everyone has the same tastes, you have so many more choices. For instance, there aren't that many brand-new small pickup trucks made today, but the used market has the Ford Ranger and Chevy S-10. That also opens up the potential car options for first-time buyers, those with low credit, and teen drivers.

Extended Warranties

One of the perks of buying a brand-new vehicle is that it usually comes with a warranty issued by the manufacturer. However, more manufacturers are offering certified used vehicles or providing extended warranties for their used vehicles, such as Cadillac. Even if these options add a few dollars to your upfront costs, you could potentially save thousands of dollars down the road. You can also drive easier knowing that if something does go wrong, you won't be responsible for the total cost.

Additional Data

After a vehicle has been on the road for a few years, it develops a reliability record. You can use the report to learn the total cost of ownership, enabling you to avoid models that are too costly to own in the long run and select those that aren't too expensive. All vehicles have some unhappy buyers, but you can look online and read about information provided by current owners, such as transmission failures, major repairs, or issues regarding certain features.

Easy Financing

Even if you have less-than-stellar credit, financing a used vehicle is usually easier than financing a brand-new one. At Rydell Outlet Center, we work closely with several local financial institutions to get you the best options available for your budget and needs, no matter your credit score. Our finance department takes care of the hassle involved in the process of getting your used vehicle financed.

No Need for the Extra Features

One of the oldest tricks that car dealerships try to implement is to install dealer options when you buy a new car. They will insist you need decorative features to the vehicle's body or a protective coating to the paint. These changes don't add anything to the vehicle's resale value, yet they add to the vehicle's overall cost. With a used vehicle, you might not get all the features you want, but you won't be pressured into adding something you don't want or need.

Also, if you want features such as a sunroof or navigation system, you'll pay less than the original owner did. These features are now included and not part of an optional package that you must purchase.

Lower Car Insurance Rates

Car insurance companies consider several factors when determining the costs of your insurance. One of these factors is the vehicle's price. When your vehicle is worth less, it costs less for you to insure it for comprehensive or collision coverage. You could even opt to remove these types of coverage, which pays for repairs to your vehicle, so you can save further. 

Peace of Mind

Several decades ago, if you wanted to buy a used vehicle, you ended up inheriting someone else's problems. Today, companies such as CARFAX and AutoCheck produce vehicle history reports so you can learn more about the vehicle. Based on the vehicle's identification number (VIN), these reports include mileage verification and whether an insurance company deemed the vehicle a total loss at some point.

Less Stress

At Rydell Outlet Center, we want the entire car-buying process to be a fun, enjoyable, and stress-free experience. One way we do that is by offering no-haggle pricing. That means the price you see on the sticker is the price you'll pay, with no negotiating necessary. Also, unlike other dealerships, our sales team doesn't work based on commission, so they won't try to upsell you on a vehicle that doesn't work for your budget or needs. 

Contact Rydell Outlet

When you're ready to purchase a used vehicle, head to Rydell Outlet Center in Grand Forks, North Dakota. In business since 1954, we know what it takes to help our customers drive off the lot in their dream vehicles. Most of our used vehicles are priced lower than $10,000, so even if you're on a budget, you can find a vehicle within your price range. Contact us today to speak with one of our staff members or to schedule a test drive.