Why a Pre-Owned Car from Impex Auto Sales Is a Good Investment

Why a Pre-Owned Car from Impex Auto Sales Is a Good Investment

When you're ready to buy a car, don't just assume you need to get a brand-new one. New cars not only have a higher sticker price, but you'll pay more in taxes. When you purchase a new car, you’re taxed on the entire price you pay, in most states. Buy a used car, and you won’t pay nearly the same amount in taxes, due to the lower transaction price. New cars also usually cost more to insure. For example, you might waive comprehensive or collision coverage and opt for just liability insurance on an inexpensive used car, but most lenders won’t allow you to do so on a new car that you are financing. Impex Auto Sales has a vast inventory of affordable used cars in like-new condition. They've all been meticulously vetted to ensure they're safe, reliable, and in excellent running condition. Many of them were one-owner cars, and they all come with CARFAX vehicle history reports for extra peace of mind. We even offer some pre-owned vehicles for less than $10,000. Keep reading to find out why a used vehicle from Impex Auto Sales can be a good investment.

As soon as you drive a new car off a dealer's lot, it begins to lose value. This is called depreciation, and most vehicles lose 20% of their value in the first two years of ownership. Less depreciation occurs in the later years of a car's life. By purchasing used instead of new, you let the first owner absorb the massive depreciation hit, giving you a much lower-priced car that will depreciate more slowly as it ages. When you owe more on your car loan than the vehicle is worth, it is called being underwater on your loan. It’s sometimes referred to as being upside-down or having negative equity. Whatever you call it, being underwater on a loan can be devastating if the car is stolen or declared a total loss after an accident. You could be required to continue paying money on a car you don’t have anymore. Since pre-owned cars cost so much less than new cars, you can buy a nicer car than you might have otherwise been able to afford. That might mean a Mercedes-Benz instead of a Buick, or a roomy Honda Accord instead of a compact Honda Civic. It can be scary to buy a used car if you don't know its background, but CARFAX vehicle history reports and reliability records can help you avoid models that are expensive in the long run and find those that aren’t costly to own. Impex Auto Sales has a wide variety of pre-owned cars, trucks, and SUVs from popular brands like Ford, Chevrolet, Honda, Jeep, Hyundai, Toyota, and Nissan. Visit us and save on your next car.

Categories: Pre-Owned Inventory