One of the first decisions you need to make when you're in the market for a vehicle is whether to buy a new or used vehicle.

While there are advantages to purchasing both, many shoppers find that buying a used vehicle is more ideal, thanks to a few notable benefits.

Saving on money

Buying used is less expensive than buying new in a multitude of ways. You don't just save on the initial cost when you buy a used vehicle, you also save on the tax and the auto insurance. The amount of interest you pay in total is also usually lower since the initial cost is lower, and you have the ability to take out shorter loans.

Depreciation

When you drive a new vehicle off the lot, its value depreciates. The largest depreciation hit occurs in the first few years that you own a new vehicle. If you purchase a used vehicle, it won't depreciate as quickly as a new vehicle would.

Wide selection

Since used vehicles cost less than new vehicles, you can afford to purchase more luxurious vehicles that you couldn't afford to purchase when they were new vehicles. As such, you also have a wider array of vehicles that you can choose from.

Vehicle history

Nowadays, it's easy to get access to a vehicle's history report. This means you can learn important information about a used vehicle, such as its past collisions or repairs, the title history, the number of previous owners and the maintenance record. Accordingly, you can better choose vehicles in good conditions and have peace of mind after you purchase a used vehicle.

We at Hunt Chrysler in Franklin, KY offer a variety of new and used vehicles on our lot. We encourage you to come to our dealership to take a test drive and ask us any questions you have about our vehicles.