Why Buying A Used Car Can Often Be Better Than Buying A New One In Bismarck

If you are in the market to replace the car that you currently have, then you might be thinking that purchasing a brand-new one is the way to go. However, this is not always the case and there are definitely times when buying old cars for sale in Bismarck, ND is the way to go.

Less Depreciation

When you buy a brand-new car, the value drops by an astounding 20% the second you drive it off the lot. In the first year of ownership, it will decline another 10% in value. This is a huge loss in terms of what your car is now worth when it is time to sell it. For this reason alone, it might make sense to you to buy a quality used car. By the time a used car is purchased, the majority of its depreciation has already happened, so the burden of loss no longer rests on your shoulders.

Lower Insurance Premiums

No matter what your driving record is, it is always cheaper to insure a used vehicle than it is a new one. In fact, most drivers opt for a liability-only insurance policy on their used car as long as their state allows it. This saves you a significant amount of money in terms of monthly expenses.

Less Sales Tax

Another “hidden” cost of buying a car that you can save on is sales tax. When you choose to buy old cars for sale in Bismarck, ND, the sales tax will be much lower than it would be if you purchased a brand-new car.

Please contact Torgerson Auto CenterĀ­ for a great selection of used cars.

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