You want to buy a new car at Rick Hill BMW, but the price tag is beyond your means. You start looking for ways you can buy that car. You could work more hours at your job, or you can finance the car and go into debt. Neither option is ideal, but you want that car. Thankfully, there is another option. You could buy the car of your dreams as a used car.
There are many benefits to buying a used car. The average cost of a used car is lower than the price of a new car. Buying a used car also saves you money through lower insurance premiums and lower registration fees.
Another great benefit of buying a used car is the lower rate of depreciation. A new car loses most of its value during its first three years. The depreciation of a used car is slower than a new car.