Top 10 Reasons to Buy a Pre-Owned Vehicle Instead of New

Hall used cars are an excellent option to consider when the time comes for your next vehicle. At Hall | MileOne Autogroup, we pride ourselves on matching drivers with the right vehicle at the right price. One of the best ways to save is by purchasing pre-owned. Learn about the many benefits of buying pre-owned cars at our Hall | MileOne group locations today. 

Lower Down Payment 

One of the most significant benefits of purchasing a pre-owned vehicle is the savings. Pre-owned cars cost much less than brand-new models. That means you'll be able to save up for your down payment more quickly and take your vehicle home sooner.  

Lower Monthly Payments 

You'll also save on monthly payments with pre-owned vehicles. Monthly payments tend to be much lower than with new cars. This offers the chance to pay your vehicle off more quickly, making it more accessible for many budgets.  

Lower Interest Rates 

Interest costs can really add up. With pre-owned vehicles, monthly payments and overall costs are lower. That means you'll be able to pay your vehicle off more quickly and save on accrued interest costs.  

Smaller Rate of Depreciation  

If you're thinking ahead to eventually selling your vehicle or getting the best car trade-in value, you'll want to pay attention to depreciation. This is the rate at which a vehicle loses its value, and it's much higher in new cars than in pre-owned models. Because used vehicles have already seen significant depreciation, yours will hold more of its value. 

More Vehicles Available Within Your Budget 

One of the most significant benefits of purchasing pre-owned is the savings. With lower down payments and monthly payments, you'll have more vehicles available within your budget. That means you can take home a car you really love.  

Your Insurance Will be Lower 

The in-between costs of purchasing a new vehicle can really add up. With pre-owned models, you can save on those, as well. This includes lower insurance rates for pre-owned models, reducing ownership costs.  

Sales Tax Will Be Lower 

Sales tax is calculated on the total cost of your vehicle. With more expensive brand-new models, sales tax can be pretty high. You'll see significant savings on this tax with pre-owned models.  

You Can Upgrade Your Trim 

Many of the vehicles we carry here at Hall | MileOne Autogroup are available in a range of trim options. The savings on pre-owned models make it easy to upgrade to the trim you actually want. You'll even be able to consider add-ons and additional upgrades.  

You'll Have a Budget for Customization  

While a nicer trim has benefits, some upgrades mean dipping into our dealerships' inventories of car parts and accessories. The lower price leaves money on the table to splurge a bit. 

You Reduce Your Environmental Impact  

You don't necessarily need to buy an EV to make greener choices. Buying a used car sidesteps the significant environmental impact of building new vehicles. This helps reduce the model's effect for the duration of ownership.  

Test-Drive Pre-Owned Vehicles at Hall | MileOne Autogroup 

These are just a few of the reasons to consider pre-owned vehicles when the time comes. Hall | MileOne Autogroup is here to help. Visit our dealership to take a test drive and explore used car financing options.