If your goal is to buy a reliable, well-maintained used car rather than a new car, your best bet is to visit a used Ford dealer. Buying a good used car is a great way to save money. Used cars are a very good value. Cars built in the last decade are far better than they were years ago; they last a lot longer than the cars your parents may have bought when you were growing up. Geneva residents can find many reasons to get a pre-owned car.
Avoid Depreciation
New car depreciation is high; the value drops about 30 percent after the first year. A typical $30,000 car will lose $9,000 in value during the period. This loss can be avoided by buying a one-year-old used car. One-year-old used cars are hard to find, but there are many high-quality two- or three-year-old used cars available.
Cost of Insurance
The premium paid for car insurance is based on many factors, and the value of the car is one of them. A pre-owned car has less value than a new car, so the cost of insurance is less. As the car ages, certain parts of the car insurance can be dropped altogether.
Get More Car for the Money
Buying a used Ford or other fine car is a great way to get more car for the money. Perhaps you are not yet prepared to buy a new car, but one that is a couple of years old may fit your budget. Vehicle manufacturers do not make radical changes to their cars every year. To most people a three-year-old car looks no different than a new one. Furthermore, you don’t have to worry about breakdowns; cars can easily run well for 200,000 miles or more.
If you are looking for a late model used Ford, find it at Hawk Ford of St. Charles, a dealer near Geneva. Hawk Ford has an extensive inventory of excellent used vehicles, so visit them for details.
