If you’re looking to buy a used car like a used Hyundai near Akron, now is the time. When buying used, there is potential to save time and money involving insurance or fees. Also, it’s very likely you can save thousands when choosing used over brand new vehicles. Does a used SUV seem like the next ride for you? Feel free to give us a call or stop by Ron Marhofer Hyundai of Cuyahoga Falls.
If you’re looking to buy a used car like a used Hyundai near Akron, now is the time. When buying used, there is potential to save time and money involving insurance or fees. Also, it’s very likely you can save thousands when choosing used over brand new vehicles. Does a used SUV seem like the next ride for you? Feel free to give us a call or stop by Ron Marhofer Hyundai of Cuyahoga Falls.
Our customer service is ready to get to know you and help with your selection on your next Hyundai! We proudly serve the community in the Akron and Cleveland area. Read below to learn more valuable reasons why you should purchase a used Hyundai.
Lower vehicle depreciation
The good thing to know about buying a used car, SUV, or truck near Akron is it experiences less depreciation than a newer vehicle. While a brand new car depreciates the moment it leaves the lot, a used car has a much slower depreciation. The good news to this information is that your loan-to-value ratio will be more firm. A loan-to-value ratio is when the full cash value of your loan is split by the cash value of your vehicle. This means the down payment will reduce the loan to value ratio of your loan.
Better Insurance Costs
Insurance can be expensive depending on a variety of factors. However, you can be assured knowing the insurance on a used car will be significantly cheaper than what it would be with a new car. To save money in your wallet, you should consider liability if your vehicle is an older model, instead of full coverage. Be sure to check out and compare different rates before purchasing your used car.
Get Your Money’s worth
Since car companies aren’t coming up with new designs each year, the overall appearance and performance of a used car may not be as recognizable. You can even calculate how much you can save with a calculator that compares the difference between new and used cars. Also, there is access to vehicle history reports, so buying a used car is more trustworthy and dependable these days.
