Because of the Great Recession, most Americans are much more price-conscious when shopping for a car or truck they wish to invest in. Many consumers are opting to buy reliable pre-owned vehicles instead of buying new even with luxury auto sales in El Paso. There are several good reasons for shoppers to consider this, including ample selection and the improving reliability of older cars. For most people, the main attraction for buying used is still affordability.
There’s no question that buying a new vehicle is more expensive than buying a used one. In fact, in recent years the price difference between new and used is widening. Looking at the dollar figure alone, you’re going to save money buying used. But you also have to consider your initial investment on the front end. Unless you decide to lease, your initial costs on a new car will be hefty.
Depreciation is an absolute value-killer. Once you drive your new car off the dealership lot, its value will drop immediately. Many people become “upside-down” immediately – they put down a minimum down payment, and when they drive off the lot, the immediate depreciation causes them to owe more on the vehicle than it’s actually worth.
Another trend that makes buying pre-owned a better option is the proliferation of certified pre-owned programs. The idea started with luxury brands such as Lexus and Mercedes-Benz. Today, most manufacturers have instituted these programs.
At Premier Autos we work hard to build a reputation for high quality, pre-owned luxury auto sales in El Paso backed by extraordinary service.
If you are interested and would like more information on luxury auto sales in El Paso, then contact Premier Autos today at (915) 921-6322 or come by our lot and view our breathtaking selection at 1801 Joe Battle El Paso, Texas 79936.