For many people in Oak Park, the next largest purchase they will make, after their home, is their car. Due to the significant improvements in design, materials and manufacturing technology, buying from a used car dealer can often result in a better car at a better price than some new cars. Buying a late model used car is a great way to save money because the original owner had to deal with the initial depreciation, and a used car costs less to insure.
A three or four-year-old, low mileage used car will save you a lot of money without having to sacrifice quality.
Lower Price, Less Depreciation
It is a well-known fact that a new car starts to depreciate the day the purchase agreement is signed. On average, new car depreciation is 20 percent in the first year. In fact, in the first three years of new car ownership, the depreciation may be more than the reduction in the principal amount of a typical car loan; this is one of the primary reasons why a well-maintained used car is a great deal.
Condition
About 15 or 20 years ago, a car that had reached 100,000 miles on the odometer was ready for the scrap heap, but that isn’t so with late model used cars. Today, 100,000 miles is far from the end of the line. When you buy from a used car dealer, you are not sacrificing quality at all; you get a great vehicle with many good years left in it.
Used cars are good value because they cost less, and the cost of ownership is lower, as well. Similarly, the taxes are lower, and the cost of insurance is also lower. Buying a pre-owned vehicle in Oak Park is an ideal way to get a reliable car that gives excellent service for many years.
A reliable used car dealer in Oak Park offers a wide range of pre-owned, high-value cars. Visit Hawk Chrysler Dodge Jeep or check the available vehicles.
