Benefits of Buying a Pre-Owned Car in Greensburg, PA

A pre-owned vehicle is a good go-to option for many prospective car buyers. This includes those on a tight budget and first-time car owners. At Hillview Motors, our inventory includes multiple pre-owned and certified pre-owned models, such as the used Jeep® Cherokee and much more. Let’s discuss the perks that come with a pre-owned vehicle purchase.

Pre-Owned Cars: The Perks

We don’t need to discuss the obvious advantage, such as lower upfront cost. There are, however, other cost-associated benefits. One such benefit is the depreciation. New cars depreciate as soon as they’re driven off the lot. New cars depreciate 20% to 30% by the end of the first year, according to a report from NerdWallet.

Another factor is the manufacturer’s warranty, which most buyers assume has already expired. This is not always the case. Some pre-owned vehicles may have an extended warranty that’s still in effect. You may even have the option to purchase a new warranty.

There are also lower annual state registration fees. The fee is based on the car’s model year, and the rate is usually the highest in the first three years. Avoid high registration fees by buying a used car more than three year’s old.

Gap Insurance

If you’re in a collision in a new car, let’s say under a year old, the insurance will only cover the car’s value, not what you actually paid when you purchased the vehicle at the dealership. This is what gap insurance is for; it covers the difference between the car price and value after depreciation at the time of accident. Gap insurance is not required with a used car since depreciation already occurred.

With these benefits in mind, come by Hillview Motors and see our certified pre-owned car inventory in Greensburg, PA.