Let’s face it; when living in Texas, it is virtually mandatory that you own a car. Here in the Dallas/Fort Worth metroplex, that is especially true. With a limited public transportation system and long distances to cover to get to wherever you need to go, you are going to have a difficult time with travel without a reliable car.
Unfortunately, not everyone can afford to purchase, own and upkeep a brand new, fresh off the lot vehicle. However, that doesn’t mean you can’t own a reliable used vehicle. In fact, when you decide to buy a used vehicle, you are already taking a step in the right direction. “Why is that?,” you ask. Or, maybe you are thinking, “…but I don’t want to inherit someone else’s problems”. The fact of the matter is that a major advantage of buying a second-hand car is its lower price. The moment a vehicle leaves the lot as a “new” car and is driven on the streets, its value drops immediately. That’s just the way it is, although some automobiles are driven for only a few years, their prices are considerably less than the exact same car sitting on a dealer’s lot.
This is good news for the savvy used car buyer. Looking for a car that has just come off lease is an excellent way for you to get more car for less money. In fact, you are going to have more choices, with more of the options that would probably be way out of your budget if you bought the car new. Having more choices is great because it introduces more makes and models which means you won’t have to settle for an inferior vehicle or one you just can’t learn to love.
OK, so you’ve saved cash off the top just because you went the used car route. Where else are you going to save a few bucks? Good question.
In Texas, (as in every other state) you must carry insurance on your vehicle. You are responsible, at bare minimum, to carry liability insurance. On a new car, fresh off of the lot, your insurance coverage is automatically going to be on the higher end of the payment spectrum. Buying a used car will help keep some of the insurance costs down. This is a good thing, especially with gas prices continuing to climb.
The bottom line is that when looking for a new car, it doesn’t have to really be new…just new to you. Doing some serious research and conferring with your dealer about your budget and what you’d like to have in your driveway will not only save you money and time, but you’ll have a car you can be proud of. More importantly, you’ll have a car you can rely on.
If you have any questions about buying a used vehicle: What you should look for, what your should expect etc., give me a shout. I’d be happy to help!