The best time to buy used car is different for each individual person, and depends on their situation at the time. There are, of course, multiple factors to consider when you’re thinking about making any significant purchases. Purchasing a used car in particular might be the wisest decision for you if any of the following scenarios apply to you.
Money is a Concern
We may not like to admit it, but money is almost always a concern. Buying a used car saves you money in both the short and the long run. The starting price of a used car is usually lower than the starting price of new car, saving you money upfront and over time with your monthly payments. The insurance premium on a used car is also lower than that of a new car since used cars are cheaper to repair or replace if you get into an accident.
You’ve Never Owned a Car
If you’re considering buying your first car, congratulations! Purchasing your first car can be both exciting and nerve-wracking. Save yourself some anxiety by investing in a used car. As we discussed, buying a used car saves you money all around. Additionally, used cars don’t drop in value as quickly or as much as new cars do, which means that you’ll lose less money if you decide to sell your car in the next couple of years.
You Recently Learned to Drive
It’s easy to get lost in the thrill of learning how to drive on your own, and be tempted to drive off the lot with a brand new, shiny vehicle. The truth is, used cars can be just as shiny, and they are a much wiser decision if you’re a new driver. Once again, it comes down to saving money. As a new driver, insurance companies will likely charge you a higher rate, and this rate will be even higher if you opt for a new car. You also really don’t want to risk yourself the agony of wrecking your brand new car. Hopefully you won’t wreck your used car either, but if you do, it will cost you much less to repair or replace.
You Want to Build Your Credit History
Financing a car or paying off a car loan is a great way to build your credit history and boost your credit score. Opting for a used car gives you more reasonable payment options, and paying off your car looks good to lenders and demonstrates that you are a reliable client. It will also pave the way for even better financing options in the future when you do decide to invest in a new car.
When is the Best Time to Buy a Used Car? It Could Be Now!
If you’ve decided that now’s the best time to buy used car, take a look at Stateline Nissan’s used car inventory. Used car dealerships are the most reliable venue for purchasing a used car. They’re dependable and reputable unlike some private sellers. You’re able to purchase your new used car with confidence, knowing that your purchase is legitimate and that the car is in good condition. Contact Stateline Nissan, your local East Providence, RI, dealership today to schedule a test drive.