Explore the Many Benefits of Buying a Used Car

While many customers set their sights on the newest cars in the showroom, there are so many benefits of buying a used car that you may never buy a new model again! Used vehicles have the same stylish looks and great features of brand new models, but the lower price point and maintenance costs can be a huge break for your wallet.

Learn all about the benefits of buying a used car below, and then start planning ahead! Cashmax offers plenty of opportunities to help you afford the car of your dreams, like title loan and cash advance services. In fact, you can even apply for a loan online!

Price

Savvy customers know that used cars are an incredible bargain. You can find the deal of a lifetime if you're willing to do a little hunting! Used vehicles range in price tremendously, so feel free to take your time while browsing through different dealerships. Older, low-mileage options carry a low price tag with high reliability, so they are great options for drivers on a budget. What if you'd like to indulge a little? Consider a more recent model. With the lower price, you can afford to splurge. Try a higher-end trim, a few upgrades, or some custom accessories!

Depreciation

The shocking statistics are true: A new car can lose 40 percent or more of its value the second it leaves the lot, and it loses even more value with every mile traveled. This news can feel overwhelming for the new car owner, but luckily, used car owners don't have to worry about this extra stress. Used vehicles face far less depreciation, so you can drive away with extra peace of mind.

Insurance

You may already know about the lower sticker price of a used vehicle, but did you know that insurance costs are often less expensive as well? While this varies between different models, used vehicles are typically easier to insure than their new counterparts. However, do your research. Shop around to make sure that your new auto insurance plan fits within your budget, and you can feel total confidence when you sign on the dotted line.

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