We all love that new car smell, but sometimes buying a used car is the better choice. Here at Fields Volvo Cars Northfield, we'll help you find a pre-owned Volvo car that offers everything that you're looking for in a new vehicle. Here are some of the reasons you should consider a pre-owned model over a brand new one.
You Avoid Depreciation
Once you drive a new car off the lot, it begins to decline in value. This is called depreciation, and it happens especially rapidly when the car is brand new and in its first few years of life.
When you buy used, you end up avoiding much of that initial depreciation. Your pre-owned Volvo car will still be worth less money if you decide to sell it a few years from now, but you won't take as large of a financial hit.
Lower Price
This next advantage goes hand in hand with the first one. Due to how quickly a new car can depreciate, the price of a pre-owned vehicle that's just a few years old can be much lower than you would expect. A trim level or model that was unaffordable when it was new might fit neatly into your budget now. Buying used is just a great way to get more car for your money.
Lower Insurance Costs
The sticker price isn't the only cost that's lower when you buy a pre-owned Volvo car. You might also be looking at lower insurance premiums. A vehicle that's a few years old usually costs less to insure than a brand-new model, and you might not need some types of coverage, like gap insurance.
These are just a few of the reasons why you should consider buying a pre-owned car at our Volvo dealership near Chicago. Check out our used vehicle lot and find a great car or SUV today!