It's easy to get excited about a new Jeep or Chrysler, and we get excited ourselves at Brileya's Chrysler Jeep in Rutland, VT. But after years in the car business, we know a good used car can often give you more for your money. Today's used cars are so well-built, they last longer than used cars in the past, especially if you do regular maintenance in our service center. Here's why a good used car might be the best route to go.
You've probably heard that many new cars depreciate by thousands of dollars the moment you drive them home. It's not uncommon for a brand-new car to lose 10% of its value as soon as it's driven off the dealer's lot, and up to 30% of its value in the first year. Yet because so many cars, trucks and SUVs are better-built today, a used car that's just a few years old probably still looks great and may have many more dependable years ahead of it.
With the big reduction in value a used car goes through, it's a more affordable way to get the features you wanted with a new car. If you shop for that same car when it's new, your budget might only let you get a stripped-down model. But if you buy a recent model of the vehicle you want, the price is way down but a lot of your favorite features are included at a big discount. You can drive a much nicer car back to Killington or Castleton, VT.
This might shock you: One study found that 55% of millionaires drive a car that's at least two years old. Only 23% were driving a new car. Why would people who could afford anything buy a used car? Because they're not showing off their wealth, they're getting wealthier. They know how much new cars depreciate and how well-built today's cars can be. There are plenty of great-looking used cars out there and they're often a much better investment.
While about 300 new car models come out every year, the used car market is far bigger and keeps growing. The major car brands change their vehicle mix each year as certain styles go temporarily out of favor. But they're still high-value vehicles. Imagine, for example, you want a midsize pickup. The big new trucks might be the hot thing, but used midsize trucks are a real value, and they'll probably get popular again before long.
When you shop for a used car, you can go online and check dependability ratings for that model. If that car has a record of reliability, it might move higher on your shopping list. A new car doesn't have that data: You're just hoping it will be reliable. A used model already has a reliability track record you can confirm online. That's information you might really appreciate when you're driving a great used car around Manchester or Montpelier, VT.
Investigate all the variety and value in a great selection of used cars, find one or two you really like and get in touch with us to arrange a test drive. When you do a little homework, we think you'll find you can get a lot for your money with a recent model used car at Brileya's Chrysler Jeep in in Rutland, VT.
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