When it’s time to add a vehicle to your household, the age-old question needs to be asked: new or used? Ourisman Chrysler Dodge Jeep® RAM-Bowie has a wide range of new cars, but sometimes that’s not your best option. Here is a look at the ways you can save money with used cars.
You could find a used car online from a private party, but that’s a big roll of the dice. For the sake of safety and your peace of mind, your best bet is to find a Certified Pre-Owned (CPO) car instead.
CPOs must go through a detailed multi-point inspection process and are vetted to the extreme. Every CPO vehicle’s history is tracked, and every owner, accident, repair, and safety recall is also recorded.
You can find perks and extras with CPO vehicles as well. You should be able to find discounts and complimentary service visits, oil changes, and extended warranties.
Demand & Depreciation
As nice as new cars can be, the truth is they begin to depreciate almost immediately. If you’re looking for a solid, recent-model car, find a used car that is three to four years old. These will still be under warranty, which you can even extend.
When there are issues with the supply chain, the demand for new cars can spike, and manufacturers will see a backlog of production. Thus, the sticker prices for new cars themselves will spike.
When this happens, new cars can be prohibitively expensive, at least for a time. Your used car will be in demand, and if you sell, you could demand a price as high or even higher than what you paid for it.
Do your own research, but also contact Ourisman Chrysler Dodge Jeep RAM-Bowie for more questions about your used car.