Why Buying a Used Car in St Charles, IL Is the Best Decision You Could Make

by | Feb 23, 2024 | Car Dealer

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If you are looking to replace your current car, you might be wondering if you should buy a brand-new car or a quality used one. In fact, the best decision that you could make is to look for used cars for sale in St Charles, IL. There are plenty of reasons why this is so.

Saves Money

For one thing, new cars are significantly more expensive than used ones. Even buying last year’s model can save you thousands of dollars. Instead of paying a premium for the illusion of luxury, it is a much better idea to buy a newer used auto and still enjoy all of the bells and whistles that you want.

Less Depreciation

When you buy a new car, its value will depreciate as much as 30% during the first year that you own it. While all cars decrease in value, used cars do so at a much slower rate, so you will have a stronger loan-to-value ratio when buying used.

Cheaper Insurance

Auto insurance is always going to be cheaper for a used car than it is for a new car. This will save you a significant amount of money on a month-to-month basis. When you buy a new car, you are typically taking out a loan to do so, so you are required to carry full coverage on the car until the loan is paid off. However, when you pay cash for used cars for sale in St Charles, IL, you can carry only liability if you so choose, which is a good idea if the car is older.

For a great selection of used vehicles, please contact Hawk Ford of St. Charles.

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