The thrill of driving off the lot in a brand-new car is undeniable, but what if we told you that a pre-owned vehicle could provide just as much excitement, if not more? In today's automotive market, the decision between buying a brand-new car or a pre-owned one is an important one, and the reasons to consider a pre-owned car may surprise you. Let's explore the top reasons why a pre-owned vehicle may be the better choice for your next purchase.
Significant Savings. One of the primary advantages of buying a pre-owned car is the significant cost savings compared to a new vehicle. New cars tend to depreciate rapidly, often losing 20-30% of their value in the first year of ownership. By purchasing a pre-owned car, you can avoid this initial depreciation and get a high-quality vehicle at a much lower price.
Lower Insurance Costs. Insurance premiums are often lower for pre-owned vehicles. This is because the value of the car is lower, so the potential payout in the event of an accident or theft is also lower. This can translate to significant savings on your monthly insurance costs.
Proven Reliability. Many pre-owned cars have already undergone extensive testing and use, which means that any major issues or defects have likely been identified and addressed. This can provide you with greater peace of mind, knowing that the vehicle you're purchasing has a proven track record of reliability.
Wider Selection. When you expand your search to include pre-owned vehicles, you'll have access to a much wider selection of makes, models, and features. This allows you to be more selective and find a car that better fits your specific needs and preferences.
Customization Opportunities. Pre-owned cars often come with a variety of optional features and accessories already installed. This can allow you to get a more personalized vehicle without the additional cost of customizing a new car.
Reduced Depreciation. While all vehicles will experience depreciation over time, pre-owned cars typically depreciate at a slower rate than new vehicles. This means that if you decide to sell your pre-owned car in the future, you may be able to recoup a larger percentage of your initial investment.
If you are looking for a partner who can finance your pre-owned car purchase, M Lhuillier can give you a hand. M Lhuillier's pre-owned car financing services can provide a seamless experience similar to purchasing a brand-new car from a dealership. Customers can simply look at their desired used car and contact M Lhuillier for financing, which can cover up to 70% of the appraised value of the vehicle. This can make the process of acquiring a pre-owned car even more accessible and convenient.
Buying a pre-owned car has a lot of benefits. From significant cost savings to proven reliability and a wider selection, there are many compelling reasons to consider a pre-owned vehicle. As you navigate the car-buying process, be sure to weigh the pros and cons carefully, and explore the financing options available through reputable providers like M Lhuillier, to determine the best option for your needs and budget!
M Lhuillier, the Philippines’ largest and most respected non-bank financial institution, continues to uphold its promise of being the Tulay ng PaMLyang Pilipino, with more than 3,000 serviceable locations nationwide. It continuously seeks better and innovative ways to serve its community by providing fast, easy, and reliable financial services such as Kwarta Padala, Quick Cash Loan, Car Loans, Home Loan, Bills Payment, Insurance Plan, Money Exchange, Jewelry, ML Wallet, ML Express, ML Moves, and Telco and online TV Loading.
Follow M Lhuillier Financial Services, Inc. on Facebook, or visit mlhuillier.com for more information. For inquiries, contact Customer Care through its mobile number +63-947-999-0337, +63-947-999-2721, +63-917-871-2973, +63-947-999-0522, +63-947-999-2472 or email customercare@mlhuillier.com.