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Why Buy Used Cars?

Frustrated by the limited selection at most dealerships? With over 150 used vehicles in stock, you have choices at Scarton. Come see us and find everything you are looking for in one place!

TOP 3 REASONS TO BUY A USED CAR

If you're in the market for a car but aren't sure if buying a new vehicle is a better option for you than buying a pre-owned vehicle, we'd like you consider three important factors that make used cars such a great value.
  1. AVAILABILITY OF USED SUVs, TRUCKS & CARS
    The number one reason to buy a used car right now is availability. The global pandemic has limited the flow of new cars to dealerships. Used cars, however, haven't been impacted in this manner. One way that the used car market excels is it highlights what the most popular configuration of a vehicle is. From drivetrain choices to engine sizes to convenience packages, used cars reflect what most consumers want in the first place.
  2. USED CAR VALUE
    The second reason to look at used cars for sale is value. There's no feeling quite like buying a new car and being the first to drive it. That's undeniable. Unfortunately, another factor to keep in mind is that once you drive that shiny new car off the dealership lot, it loses value. When you buy a used car, you're letting someone else take that financial hit. In many ways, buying a pre-owned car provides you with greater flexibility because the factory isn't setting the price, it's determined in a lot of ways based on year, make, model, trim, and mileage. New vehicles have a set price based on trim level and options. By searching for a used car, you stand to save significantly.
  3. USED VEHICLE QUALITY
    The third reason that you should consider a used car is quality. Certified Pre-Owned (CPO) vehicles represent an incredible value. In many cases, these vehicles were leased and turned after their term was completed. Before we list a CPO vehicle for sale, it goes through an extensive inspection and certification process to ensure that it meets factory requirements. Our inventory of used cars also receives extensive inspections before they're listed for sale. We want to build trust with our customers and selling a used car that gives many years of flawless performance is one of the best ways to accomplish that goal.
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    PROS & CONS OF BUYING A USED VEHICLE

    Pros of buying used

    1. Lower prices
      Used-car buyers can take advantage of rapid depreciation in the value of new cars to the tune of 20 percent in the first year and about 40 percent after three years. Lower average prices for preowned vehicles also provide a better chance of being able to pay for your purchase in cash, or making a larger down payment. You might get a higher-spec model than you could afford new, too.
    2. Smaller loan amount
      With lower prices, it’s no surprise that used cars have smaller average loan amounts than new ones. Depending on the terms of the loan, that could translate into lower monthly payments and a smaller total interest charge.
    3. High-quality options
      Continual improvements in vehicle quality and reliability have resulted in an array of great used models on the market, many of which can top 200,000 miles.
    4. Quicker payoff
      Used-car loans are usually shorter than those for new cars, enabling borrowers to pay off their vehicles sooner.

      Cons of Buying Used

      1. Reliability
        Despite improvements in quality, it stands to reason that preowned cars generally will be less reliable than brand new models. The older the car, the more money you may have to spend on repairs, especially if it is no longer covered by the automaker’s warranty. The driving behavior of previous owners plays a role in reliability, too, which is why a vehicle history report is important. These reports contain a record of accidents, service history and the car’s title status, which includes notations for salvage, rebuilt, flood or lemon-law titles.
      2. Private-party purchase may not come with warranty
        Unless a vehicle is still under manufacturer warranty, buying from a private party means you could miss out on protection against mechanical and electrical faults. Dealerships, on the other hand, might offer their own warranties on used vehicles.
      3. Choice may be more limited
        New-car buyers can typically select the features, color and any accessories they want for a particular model. Used-car buyers may need to be more flexible, or shop around, when it comes to these preferences.
      4. Rates may be higher
        Interest rates tend to be higher for used cars. Partly, this is because of manufacturer incentives on new vehicles, but also because of the greater risk involved in used-car financing. Consumers with lower credit scores will often buy used, for example. Another reason is that used-car values are less predictable, which makes it harder for the lender to know how much money it can recoup if it needs to repossess and resell the vehicle.
      5. Your car-buying decision
        These pros and cons should prove valuable as you weigh the options on your next vehicle, but don’t stop there. Consider thoroughly researching what models meet your wants and needs, and budget what you may be able to afford. When you’re ready for financing, take a few minutes to apply with Scranton Buick GMC of Vernon and get a decision in seconds. We accept applications from consumers across the credit spectrum and, if approved, we’ll connect you with a dealership nearby. As a trusted lender, we only work with dealers that are able to show our customers select, high-quality vehicles, so you can buy with confidence.