Buying Benefits

If you've decided to buy a used vehicle, you've already made a smart decision. You can get a vehicle that's sometimes as good or better than a brand-new one, without suffering the depreciation that wallops new vehicle buyers as soon as they drive the vehicle off the lot. Even used vehicles that are only one year old are 20 to 30 percent cheaper than new ones.

But there are other good reasons to buy a used vehicle:

• Buying a used vehicle means you can afford a model with more luxury/performance.
• You'll save money on insurance.
• The glut of vehicles coming off lease makes finding a near-new vehicle, or "cream puff," easy.
• Bigger bargains are possible for the smart used vehicle shopper.

Furthermore, the classic reasons to avoid used vehicles — lack of reliability and the expense of repairs — are less of an issue. Consider these related thoughts:

• Used vehicles are more reliable today than ever before.
• Many newer used cars are still under the factory warranty.
• Most new vehicle makers now sell certified used vehicles, which include warranties.
• The history of a used car can easily be traced using the VIN number.
• Financing rates for used vehicles have dropped in recent years.
• If you buy from a private party, the negotiation process is less stressful.