Distinct Motors

Why Buy a Pre-Owned Vehicle?

• New Vehicles depreciate a significant amount over the first few years of ownership, so not only are your purchasing a higher dollar item, but after two years a new car value will be worth much less percentage wise than a few year old used car two years later.

• Used Cars are cheaper - Payment will be less over a similar term, or you can own a used car outright much quicker than  you can a new car.  Many of our customers only finance their used  vehicle purchase over one or two years; compare that to an average of 5 years for many new cars!

• The same car a few years old compared to a brand new one is significantly less.  Your chance to get approved for a loan on a used car with appropriate mileage is better, your percentage of down payment to total price of a used car is much higher, and a less expensive used car will keep your debt to equity ratio lower.  Borrowing less for a car with similar features will be less of a stress on your credit than a new car.

• Insurance Costs are generally much less on used vehicles than new vehicles.  That means the monthly or annual amount  you budget for insurance should be less for a used car than a new car.

• As gas prices go up, your budget for transportation gets smaller.  Rather than going into more debt on a high dollar new car, you can get more for less money with a pre-owned vehicle.