J.D. Byrider

Save Money with a Used Car

If you want a new vehicle, be sure to shop around. There are great deals out there. But for some, new car prices are simply not affordable. And, if you have credit problems, you’re definitely going to have to look at a used vehicle.  In addition, new cars typically depreciate from 25% to 60% in the first three years, and then depreciation usually begins to slow down.

Cars are Built Better Today for Improved Long-Term Reliability

Most consumers want a used vehicle with low mileage. That’s great if you can find it. But, as we said, today’s used cars are better than ever. In many cases, you can buy an older used vehicle, even one with higher mileage, and come out on the winning end. Just make sure you have the vehicle checked out before you buy.

Many Used Cars Get a Comprehensive Inspection

Another option is to buy from a dealer who invests money and time into reconditioning its vehicles before they go on the lot. Many dealers put their vehicles through a comprehensive inspection process. Some invest serious dollars into this process so that you get a better car.

J.D. Byrider has been in business for over 20 years and has sold nearly 900,000 vehicles across the country. Every J.D. Byrider vehicle undergoes a comprehensive inspection and comes with a limited warranty at no extra charge. Our extended service contracts and warranties provide additional peace of mind. With parts and labor charges that are among the lowest in the neighborhood, the J.D. Byrider program provides over $4000 of additional value with its vehicles.

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If you’re in the market for a vehicle, one of the first questions you have to ask yourself is this: new or used? The idea of a new car is nice – the new car smell, the chance to break in a brand-new engine. But there are huge downsides to buying a new car and many advantages to purchasing a quality used car. Here are a few for your consideration:

Insurance: It usually costs a lot more to insure a new vehicle than it does to insure a used car. If you buy a new car, you generally have to purchase enough insurance to cover the amount you owe in payments, which will typically be much more than you’d pay for a used car. Also, new car parts are more expensive, so that is factored into the insurance cost as well.

Depreciation: New cars start to lose value the moment you drive away from the dealership. In fact, it’s not uncommon for a car to lose up to half its value within just a couple of years. Usually used cars are a much better bargain.

New car bugs: You hear about it on the news all the time – manufacturers sending a recall notice to millions of customers. Although manufacturer defects can be discovered later, there’s a greater chance of discovering a problem with a brand-new model that employs new design or technology.

Upgrades: When you look at new cars, the price on the window is generally for the most basic model. If you want to upgrade for special features – perhaps a sunroof or power package – you’ll typically pay hundreds if not thousands more than you’d pay for the basic model. With a used car, the original owner already paid the premium. Generally, the value difference between upgraded  and basic used cars is much narrower than the gap between basic and premium new cars.

Financing: Getting financing for any vehicle is a function of risk on the part of the lender. Since new cars typically cost more than used cars, there is greater risk attached to financing the higher amount. This is where your credit score comes into play. The higher your score, combined with your ability to make monthly payments, the better your chance of getting financed for a new vehicle. If your credit score is low, you’ll probably need to choose a used vehicle and a dealer who can work with you to get you the car you need at a payment you can afford.

As you can see, there are several advantages to considering a used car – these are just a few of the many things you may want to consider. The key is to make sure you purchase a quality used car that will give you many years of reliable service. Let us know of any questions you may have on buying a used car instead of new, and the experts at J.D. Byrider will be glad to assist you!

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