07-27-21

Love it or Leave it Policy

When it comes to delivering dealership services, customer satisfaction remains at the topmost range of the priority of service providers. As a dealership, Vehicles Direct wants to put the customers in the driver seat as soon as possible so, you can come across . . .
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07-12-21

Live Market Pricing

Want to get the best price for your used car? Live Market pricing will help you get the most competitive price in the Cleveland market and . . .
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06-29-21

Beginners Guide to Plan a Road Trip

As a beginner, planning a road trip can be a challenging task. While everything seems to be exciting, however, it can also be overwhelming. A vehicular vacation . . .
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06-15-21

Lifetime Certified Pre-Owned Warranty

A certified pre-owned vehicle is a used vehicle that is certified to be in the best condition by the manufacturer. Bringing a wide array of advantages . . .
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06-01-21

Why is it Important to get a Brake Service?

Brakes are an important part of any vehicle. It must be taken care of frequently so that it can prevent serious accidents. You must understand how brakes work so . . .
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05-18-21

Unwanted Car Sounds and What They Mean

The need for transportation is never going to end. Why? Cause these machines to have loads of parts in them and thus need a whole deal of attention, but did
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05-05-21

Mother’s Day

Mother’s Day falls on a Sunday this year, and we all are super excited to make our moms feel extra special. There is no denying that the bond between . . .
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04-20-21

What to Bring to the Dealership when Buying a Car

There are many things that you must keep in mind before purchasing a car. Although it is quite exciting to purchase a new car, you must also be prepared for all the steps . . .
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04-09-21

How to Do Your Part to Support Environmental Protection

Saving or protecting the environment is not something that can be done but requires several years of pain-staking efforts. Unfortunately, it takes very little . . .
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03-25-21

7 Myths About Buying a New Car

Cars today are a status symbol for many of us. Almost everyone around the globe buys them to show off the status and is a wealth symbol. But did you know that buying a car comes associated with several myths? Yes, for many users, it is the myths that . . .
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03-11-21

Best Places to Celebrate St. Patrick’s Day when Traveling

Being a party lover and never hearing of St. Patrick’s Day is not possible! March 17th is celebrated as St. Patrick's Day reminiscing the contributions of the great Saint Patrick of Ireland. This day is celebrated with full enthusiasm, where individuals . . .
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02-24-21

Pros and Cons of Purchasing a Used Vehicle

 

Pros and Cons of Purchasing a Used Vehicle

Mass transportation, especially in the United States, is being largely avoided by people for fear of the coronavirus. Due to this, there has been a major spurt in the purchase of used cars in a market which is organized. Consumers have become increasingly conscious about making new car purchases but are clearly making a beeline for the old ones. In such a situation, it would be immensely helpful to know about the advantages and disadvantages of buying used vehicles.

Advantages:

  1. Getting a Better Car at a Lower Cost: Large sedans, for example, would be many times costlier in the used market than in the new market. Those looking to upgrade from smaller cars under budget constraints can certainly look at the used segment.
  2. Ideal for a New Driver: Someone who has just learnt driving does not have to worry too much about the car getting banged a few times. The losses would be higher if it were a new car.
  3. Availability will Remain High: Over the course of history, it has been observed that the used car market has been less vulnerable to global shocks than the new car market.
  4. Younger Cars Mean More Life: Trends have already indicated that more pre-certified old cars and a higher off-lease supply has led to buyers looking for cars up to 3 years old, or even less.
  5. Rich Mix of Pickups and SUVs Leading to More Purchases: Many consumers are choosing mid-size or large SUVs and pickup trucks, causing a rise in new car and a fall in used car prices.
  6. Availability of Financing Options: Most customers are making use of credit to buy used vehicles, due to which many options are available. The purchases of protection products such as extended warranties have also gone up over the years.
  7. Lower Insurance Premiums: Since the car has already spent a few years with one or more owners, one would have to pay a lower insurance premium on it.

Disadvantages:

  1. Maintenance Expenses: The operative condition of a used car will never be quite as good as a new vehicle. One may have to encounter breakdowns in a vehicle that has already been used by someone else. That is why judgment before purchase is very important.
  2. Unable to Meet Expectations: At times people can have unrealistic expectations from vehicles which have been in the market since a while. For instance, expecting a Chevrolet Silverado to deliver a gas mileage in the 30’s is a little too much.
  3. Budget Going Out of Gear: For a new car, dealers can give a fairly good idea of how much to expect to pay in terms of maintenance every year. However, based on the condition of a used vehicle, its expenses may vary. Not all individuals are prepared for the same.
  4. Stigma of a Used Car: Some people in one’s friend circle might regard buying a used car as purchasing someone else’s problems.
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