Used Cars vs. New Cars: Three Reasons Why You Should Always Buy Used

While many drivers around the world can't wait to get their hands on the latest automotive innovations, it can't be argued that one of the smartest ways to save money is by investing in a used car. There are several advantages to buying used cars, and that's why at Frankman Motor Company, we've made it our mission to provide all Sioux Falls drivers with the most comprehensive selection of high quality used cars in the region.

1.) They're Cheaper

The first and most obvious advantage of buying a used car is that they are cheaper than new cars. While that statement may seem (and is) obvious, being able to save thousands of dollars on a high quality used vehicle is no joke. There are many used cars out there that are in great shape, and the ones you will find on our lot have been reconditioned to be like new.

2.) You Don't Have to Worry About Depreciation

It's no secret that cars lose their value as time goes by, but no hit in value is greater than the one that comes the moment it is driven off the lot (sometimes up to 11 percent). Since the car you are buying has already been driven off a car lot by a previous owner, that depreciation hit isn't your problem.

3.) Lower Insurance Premiums

When someone gets in an accident driving a new car, the insurance company typically pays for what the car is worth at the time; which is lower than what the car was originally worth thanks to depreciation. Many drivers make up this difference with gap insurance to cover the difference, but if you buy new, you won't have to need gap insurance since you didn't endure the depreciation hit.

So there you have it. At Frankman Motor Company, our business is in dealing the best used cars in the region.

Categories: Pre-Owned Inventory