Feeling Used Isn’t Bad When It Comes to Vehicles

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So the love affair with your present vehicle is over, the new car smell is long gone. Besides, your life has changed, you have different needs now. You require more (or less) room and better gas mileage. It’s time for a new car, or at least new to you. Have you considered a used vehicle? Many times it’s the smartest choice available. Why? Glad you asked …

Appreciating depreciation
You’ve heard it before: a new car loses thousands of dollars simply by driving off the dealer lot. It’s called depreciation; new vehicles lose value quickly. As an example (from About.com), a new Honda Accord model can cost about $21,000. A similar Honda Accord with 24,000 will cost about $4,000 less. As Honda’s are rated very highly for reliability, you can pretty well count on many years of reliable service.

The perceived risk associated with buying a pre-owned vehicle has decreased dramatically with the advent of “Certified Pre-Owned” programs now available through dealers. Vehicles sold as certified pre-owned are subject to intense, multi-point inspections and repairs to existing problems.

Just the Carfax
More peace of mind comes into play with services such as Carfax, which uses Vehicle Identification Numbers (VINs) to provide detailed vehicle histories from nationwide databases. You know what you’re getting, so the fear of purchasing a lemon diminishes considerably.

Just in case
It’s a no-brainer…with such a big investment, you need to protect it with auto insurance. In many cases, it’s the law. And when you purchase a used vehicle, insurance is often less, another budgeting plus! (Did you know our Credit Union Insurance Agency offers, Progressive and Travelers car insurance?)

Quality controlled
The original factory warranty on a new car is often transferable to a second owner. In addition, vehicles in general are much more durable and reliable today, giving more years of relatively trouble-free service.

A used vehicle is a very viable option when considering your next purchase. Which one would best fit your needs? That decision is up to you, but here are a few of the pre-owned vehicles rated highly by Edmunds.com, according to category:

Compact sedan
2004-2009 Hyundai Elantra

Midsize sedan
2004-2009 Nissan Altima

Large sedan
2006-2009 Hyundai Azera

2004-2009 BMW 3 Series

2004-2009 Honda CR-V
2004-2009 Ford Explorer
2004-2009 Chevrolet Tahoe

2004-2009 Honda Odyssey

Pickup truck   
2004-2009 Ford F-150

2004-2009 Toyota Prius

O.K., you’ve decided a used car is the way you want to go. Good news! You’ll find plenty of them at the big Enterprise Sell-A-Thon car sales event September 15 through 30. Plus, finance your Enterprise vehicle through Vantage, and you’ll receive a $400 gas card!

And here’s a calculator that let’s you find out how much you can afford.