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3 Reasons Students Should Buy a Used Car

It’s Cheaper! Aim for a car that’s more than two or three years old. After that period of time, a car’s value significantly depreciates. According to Car and Driver, typically a 2 year old vehicle is 25% less expensive than a new one, and a 4 year old vehicle is 40% less expensive. When buying used, most of the depreciation cost is absorbed by the original owner absorb, so you get a quality car for a better price!
Car insurance for a used vehicle will be much less expensive, bringing the overall cost of owning a used vehicle down. Cars built in the past decade are more reliable than ever, according to Consumer Reports. “Like financing, insurance rates will be affected by the age of a car, but in this case the used vehicle tends to be less expensive” says Car and Driver.
Independence! College and University is a time to gain your independence. When you buy a used vehicle you don’t have to rely on your parents or friends for rides anymore, and at a price you can afford. Drive to school and work and maybe take a weekend road trip with friends to see the autumn leaves!

Find your new used vehicle here: https://www.thecarlot.ca/used

Get pre-approved for financing in less than 3 minutes! 100% guaranteed : https://www.thecarlot.ca/apply/

 

Sep 8th, 2017