Whether you come to Jake Sweeney Chrysler Dodge Jeep® RAM in Cincinnati, OH for a personal vehicle or one of our commercial RAM vans for sale, we want you to consider the various advantages that come from choosing a used vehicle. To help with that consideration, we’ve compiled some of the more helpful ones below.
In many ways, the chief appeal of buying a used car is that it will be less expensive than a new one. While this is the first advantage that comes to mind, it is not the only one.
There is a correlation between the value of a car and how much it costs to insure it. Because a used vehicle is most often less expensive than a new one, the amount it will take to insure it is also decreased.
If the effect is a lower price tag and less expensive insurance, the cause is depreciation. Regardless of condition, a new vehicle is considered to be worth more than a used vehicle, merely by virtue of being new. Over time, the value at which you buy a car depreciates, but the most concentrated period of depreciation (barring damage of some sort) is as soon as the vehicle goes from being new to used.
When you decide to sell a car you bought new, its value has diminished due to that immediate depreciation. That means you won’t get as much as you paid. On the other hand, when you buy a used car, you don’t have to worry about that initial concentrated depreciation. If you decide to sell a car you bought used, you should get a lot closer to what you paid for it.
Jake Sweeney Chrysler Dodge Jeep RAM has an extensive selection of durable RAM trucks and Jeep SUVs, both new and used! Let us help you find the one that best fits your needs and circumstances.