Look for a Quality Used Cadillac; Visit a Dealer near Channahon

by | Jun 27, 2018 | Automotive

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If your goal is to save money on the purchase of a car, buying used instead of new is the way to go. A used Cadillac is a real value. Cars today are built better; they are built to last. The obvious reason for buying a used car in Channahon is to save money, but saving money is only one reason, there are more.

Minimize Depreciation

New cars depreciate the day they are purchased and driven off the dealer’s lot. Depending on the vehicle, depreciation can be as much as 25 percent in the first year. A wise buyer in Channahon can avoid this by purchasing a one-year-old used Cadillac. When bought wisely, the owner can buy a used car, drive it and then sell it with minimal loss of equity. The depreciation curve tends to flatten out after the second year.

Lower Insurance Premiums

A big factor in calculating car insurance is the value of the car. A used car has less value than a new one. As a result, the cost of insurance is less. More money can be saved as certain coverage can be dropped.

More Car for the Money

Thanks to depreciation, you can get more car for less money. If you were to buy a new car, perhaps your budget would only cover the purchase of a base model. However, when you use your money to purchase a used car, you can buy one that is better equipped or higher trim. Drastic changes in style do not happen anymore. When you buy a used Cadillac, it takes a trained eye to tell the model year.

CPO Option

Purchasing a certified pre-owned car is a great way to save money and protect against possible problems. The Cadillac CPO program extends the warranty to 100,000 miles, and this warranty can be transferred in the event the car is sold again. To be eligible for the CPO program, the vehicle cannot be older than four years.

If you are looking for a late model used Cadillac near Channahon, visit Hawk Cadillac of Joliet.

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