Buying a pre-owned vehicle can be a really smart move. If you find the right car, truck, van, or SUV, you can save a lot of money by getting a gently used vehicle. Before you buy a vehicle, however, we’re sure you have a lot of questions going through your head. You’re not alone, most car shoppers are curious about the very same questions.
With us, there’s No Smoke. No Mirrors. We’re happy to answer all your questions and make sure you’re completely satisfied before you drive off the lot. Read below for answers to common used vehicle questions we get from customers much like yourself.
Every vehicle has had a different driving life and gone through different driving conditions. If you’re comparing two 2015 Ford Escapes, they could be in completely different conditions. While one was owned by a single driver who rarely drove, the other was owned by three different people who drove daily and one was a smoker. It’s important to find out as much as possible about a vehicle’s history.
For the reasons we listed above, there’s no right and wrong evaluation of your vehicle. Before you trade-in your vehicle you should get a rough idea of what it is worth by using an online resource like Canadian Black Book. This is just an approximate value, and a lot of other factors come into play. Market demand for the vehicle, overall condition, and other factors will determine what you’re offered by a dealership. The right value is one you’re comfortable with, but remember to have realistic expectations.
Depreciation is the amount of value your vehicle loses after you’ve purchased it. New vehicles will lose value as soon as you drive them off the lot. With a used vehicle, however, most of the depreciation has already happened. So, generally, if you buy a used vehicle and go to sell it a couple of years later, you’ll be able to get closer to what you bought it for versus a new vehicle. Of course, what you get for a vehicle also relies on its condition.
These are three common questions we receive all the time, but there are plenty of others. If you have questions about used vehicles or anything automotive, we’d love to hear from you and address any questions and concerns you have.