Advantages of Buying a Used Car
Buying a used car has many advantages including financial. When you buy a used car, someone else has already paid the cost of the depreciation of a new car. A new car drops in value as soon as it leaves the lot. Depreciation is only one advantage of buying a used car.
The bottom line is, new cars cost more than used cars. If you have a limited budget, a used car is the way to go. You can borrow less and pay your loan back faster, and who doesn’t want that? Lower car payments are another advantage of buying a used car.
Insurance is also less when you are buying a used car. When you factor in the cost savings over 3 to 5 years it really adds up. If you do some insurance comparisons, you will quickly see there are major savings when buying a used car.
What about major repairs when buying a car
All of our vehicles are put through a 64 point inspection by an Alberta government approved mechanic. Any deficiencies are repaired before the car is certified before it is ready for sale. At Auto Credit Approval we also do another inspection that covers all the minor details of a used car.
Our used cars come with an optional two or three-year warranty. These warranties insure your car for any major repairs like a transmission. Ask your Auto Credit Approval contact for more details when buying a used car.
Let us help you buy a used car
Buying a used car is a great way to rebuild your credit. As long as you make your monthly payments on time, it will be a positive boost to your credit. It’s also easier to get a loan for a used car. Lenders see it as a financially responsible decision when you buy a used car.
Auto Credit Approval also includes free vehicle sourcing for buying a used car.