Posted on: Aug. 16, 2017 in Cars

Getting a brand-new car is exciting. They’re beautiful and shiny, and they have that new-car smell! But they also come with a hefty price tag that can leave you up to your eyeballs in debt for years to come.


Used cars, on the other hand, can be just as exciting since they are new-to-you. Buying a safe and reliable vehicle – rather than going for fancy and expensive and new – is a great way to get more bang for your buck.

Before you head out to the car dealership, let’s explore the top three reasons used cars are a smart buy.

  1. New cars lose value fast. How fast? A brand-new car can depreciate, meaning it’s value will drop, by as much as 30% the moment you drive it off the lot. Used cars have already gone through the depreciation process so they’ll retain more of their current value.
  2. You can get a car still under warranty. The original warranty may be transferable, meaning you don’t have to be the original for the warranty coverage to be valid. If the warranty is still in effect, you won’t need to buy an extended service contract, saving yourself even more. Don’t discount a used car just because of warranty concerns.
  3. Certified used cars are available. Cars that are certified used, also known as certified pre-owned, go through an inspection to verify the quality. You will pay more for a certified used car, but you may find it to be worth the cost. You’ll be able to buy a car as close to new as possible. As we mentioned before, one of the biggest fears of car buyers is that the car won’t be in good mechanical condition. Buying a certified used car can eliminate doubts and fears.

A used car can be a sound investment for your transportation needs. The more money you save, the more you’ll have to spend on gas and fun!

If you’re ready for a new car but your credit is keeping you from getting approved, CreditYes can help with our bad credit auto loan program! We can match you with a dealership in your area that will be with you every step of the way. Our service is fast and free. Fill out our secure online application and get behind the wheel of your next car today!