Things You Need to Know Before You Buy a Used SUV in or near Prescott Valley, AZ. Consider Oxendale Auto Center
During your search for a vehicle to purchase you might have considered buying an SUV because of its many advantages. Families with children, adventurers, and even businesses in need of transportation space seek out SUVs. SUVs have been advertised as the do-it-all type of vehicle because of their flexibility and adaptability. If you are looking to purchase an SUV, then you have to consider that there are a wide variety of types and uses. For example, if you are a soccer mom or a family that needs some space then you might want to consider a Chevrolet Tahoe because of its space and number of seats. Additionally, you might also consider a Cadillac Escalade if you want space, seats, plus some luxury.
New or Used?
Well, when it comes to deciding if it is better to purchase a used or new SUV then we need to think about three key factors:
* Condition of vehicle
* Resale value of the vehicle
It is common knowledge that a vehicle of any type typically loses around 19% of its value during the first year. When you think about how much value is instantly lost, then you start to understand that it might be worth it to buy a used car that is not too old so that you can enjoy the best of both worlds (low price and comfort). The next point to consider is the condition of the vehicle. Yes, it is commonly believed that a used vehicle might not be in the best condition and that is the reason why spending much more on a new SUV is worth it since the vehicle is a medium to long-term investment. This is why the sweet spot for buying a used SUV is when it is two to four years old. When you purchase an SUV that is only three years old, you are maximizing the value of the vehicle because it has up to date technology and already depreciated at the fastest rate (you bought at the right time).
Buying the vehicle at the right time takes us to the third key point to consider - the resale value of the vehicle. When you buy at the right time you are guaranteeing that you are gaining most of the benefit from the buy, and that already puts you ahead when it comes to reselling the vehicle because you did not lose a lot of money from depreciation. It is highly recommended to buy SUVs made by brands that have a high resale value such as Toyota, Ford, Jeep, and Chevy.