Benefits of Buying a Used Car Are More Than Saving Money

Whether you've owned many cars throughout your life or you're a first-time buyer, a used car remains one of the most affordable choices for safe and reliable transportation. That's why Ultimate Chrysler, Dodge & Jeep in Mountain Home, AR wants you to know the many benefits, and we have an abundant inventory of used cars to give you the opportunity needed to find yours. Continue to read further before deciding on a new car. You may find that a wiser choice is a used car and more empowering for your finances.

Save More Money Than the Sales Price

As stated above, a used car is an affordable way to buy a car. Not only can you save on the final sales price after making your best deal, but that also allows you to have a much lower monthly payment. On average, a used car is 50 percent lower than a vehicle in the same class brand-new. That means you're going to finance a lot less, especially after including your down payment. While lenders typically want to see at least a 10 percent down payment, that doesn't mean you're obligated to only 10 percent. Get creative! Use our free payment estimator to find a monthly payment that works for you. You may find that you have more ways to customize your monthly payment than you realize.

Less Depreciation Occurs with a Used Car

One of the complaints from Jonesboro and Heber Springs buyers who choose a new car is the depreciation after leaving the dealership. And it's one of the main reasons why new car buyers choose gap insurance. With a used car, you don't have to worry about that expense. And you can thank the original owner for that. A used car does gradually depreciate over time. But because the bulk of the depreciation has already occurred, you're in a much better position of not being responsible for the remaining loan balance if there is a total loss. Of course, you should always weigh the options for your peace of mind. However, depreciation often is not a factor. A used car is a great advantage for driving away with equity.

Lower Costs of Ownership Potential

Gap insurance is not the only cost you can eliminate when buying a used car. Typically, your insurance premiums are much lower than a new car. And it's a creative way to lower your insurance premiums if they've increased because of unfortunate events, such as accidents or too many tickets. To put that in perspective, you may be able to tailor your rates to an affordable budget by choosing a specific used car. We recommend contacting your insurance agent and getting comparable quotes on one or two models before making your final selection.

Additional lower costs of ownership include maintenance, registration, and taxes. Most of the post-factory maintenance is completed by the original owner, and registration and taxes are generally lower because they're each based on the purchase price.

Having More Variety to Choose From

How often do you buy a car? For most car owners, it's two to three years. When you buy a used car, you're presented with a variety of choices. And that makes an exciting selection process with so many body styles, models, and brands to choose from. But imagine being able to do that every two to three years. There are excellent opportunities to own a newer car without having to buy a brand new one. And because the variety is so diverse and wide-ranging, it's an ideal way to buy two cars instead of a new car that costs twice as much and takes five to six years to pay off.

Visit Ultimate Chrysler Dodge Jeep Ram Today!

We encourage you to visit Ultimate Chrysler, Dodge, Jeep Ram in Mountain Home, AR to browse our used car inventory, including Chrysler, Dodge, Jeep, and Ram choices. Harrison and West Plains buyers are encouraged to visit too!

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  1. Ultimate Auto Group Inc

    2674 Highway 62 W
    Mountain Home, AR 72653-6524

    • Sales: 8702283378
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  • Contact our Sales Department at: 8702283378
  • Monday08:00AM - 05:30PM
  • Tuesday08:00AM - 05:30PM
  • Wednesday08:00AM - 05:30PM
  • Thursday08:00AM - 05:30PM
  • Friday08:00AM - 05:30PM
  • Saturday09:00AM - 03:00PM
  • SundayClosed