Why You Shouldn’t Buy A New Car If You’re Under 30!

NY Preowned Cars | New York Used Car Dealer

If you are under the age of 30, then put a halt on buying that shiny new car. We have information for you to consider before you go with the ‘NEW’ instead of buying a used vehicle.

As soon as you drive off that lot, you will be losing value in that vehicle and the depreciation will continue on a fast downward spiral. According to TrustedChoice, an insurance provider, as mentioned on DriveTime.com, your car will be worth 25 percent less in just the first year of driving. After 5 years, you would have lost 63 percent of your vehicle’s value!

Let’s think about that sticker shock. If you are looking at only new vehicles at a dealership, then you can expect to see high prices. Plus, if you expect to have a lower monthly payment, then you should be prepared to put as much money down as possible. The higher the price, the higher amount of interest you will be paying. Also, being younger may mean that you won’t qualify for those low interest rates that help keep the payment within manageable means. You will ultimately pay more all around, even for insurance coverage.

But that new car comes with a great warranty! Warranties look like a great addition with any new car purchase, but remember the fine print. Your factory warranty will only last so long and often your warranty will expire before you have fulfilled your loan term. This means you are risking anything going wrong with your vehicle from the end point of your warranty until you have paid off that car loan. This equals more money coming out of your pocket should the unexpected occur.

At Certified Headquarters, we provide a wide selection of certified pre-owned vehicles for our Long Island, New York and surrounding area community. We provide a Free Car Fax report upon request so that you can feel confident in your purchase. Buying a certified pre-owned vehicle will save you money in monthly payments and insurance without any major loss of value on your vehicle. Because our vehicles have already been used, most of the depreciation has already occurred, which means you can have a new- for you, vehicle that maintains its value! Having that shiny new vehicle under the age of 30 IS possible without putting you into unnecessary debt.

Stop by our Used Car Dealership and visit us today to speak to one of our trained staff members to help you choose the certified pre-owned vehicle that’s right for you.