Benefits of Buying Used vs.New

Why Buy Used from Larry H. Miller Used Car Supermarket?

Save thousands on slightly used cars, truck, and SUVs that are often the same model year the new dealerships are selling.

Used 2017 Hyundai Elantra SE with 41,148 miles

Our Price = $11,988
YOU SAVE $6,997!
New 2017 Hyundai Elantra SE

New MSRP = $18,985Used Car Inventory >

Used 2017 Chevy Traverse LT AWD (19,542 miles)
 
Our Price = $25,488
YOU SAVE $11,507!
New 2017 Chevrolet Traverse LT AWD
 
New MSRP = $36,995Used SUV Inventory >

Used 2017 Ram Quad Cab 4x4 (20,011 miles)
Our Price = $25,488
YOU SAVE $14,402!
New 2017 Ram Quad Cab 4x4
New MSRP = $39,890
Used Truck Inventory >

More Reasons to Buy Used

Cost and Depreciation
We all know that a used vehicle costs less than its new counterpart, simply because it's not new anymore. A 3 years old used vehicle has already also gone through its greatest rate of depreciation since new cars immediately loose the largest portion of their value and go though their steepest rate of decline within the first couple years.

Leasing costs are also based on the depression of the first 3 years of a new car (or the term of your lease, the average lease term is 3 years), this is because when you lease a car you are only paying for the value that you use. You also build no equity with a lease, so after your 3 year term you are not left with any equity to trade and put toward your next vehicle.

Since used vehicles start at a lower price and depreciate more slowly, when you decide to upgrade your used car in a couple of years you generally will be able to get a higher percentage of your original purchase price back upon trade or sell of that vehicle. This makes buying used more cost effective than buying new or leasing a new vehicle.

Stress-Free Ownership

Buying used also saves you the stress and anxiety of the dreaded first scratch or door ding. You are saved from that gut dropping feeling after finding your first door ding that you get with a brand new car. Most likely the previous owner has already gone through this for you. Plus, it's a lot less stressful parking a used car in a busy and crowded parking lot.

Insurance and Registration Costs

Insurance rates, and in most states registration costs, are based on the value and the model year of your vehicle. This doesn't matter whether you lease or buy. Therefore, since used cars cost less and are typically older model years, they will also save you money on your insurance and registration costs.

Technology and Safety Features

One of the largest reasons for buying new is to be up on the latest technology and safety features offered. If this is something that is important to you, than buying new may be worth the extra expense. Just know that much of the latest technology is available in cars up to 3 years old.

New Car Look and Wider Variety

Since most manufacturers only make major body style upgrades and redesigns about every 3-4 years, your neighbors don't have to know you didn't buy a new vehicle. There is also a greater variety of used vehicles on the market to choose from. For instance if you aren't a big fan of the new body redesign of the 2015 Honda CR-V, you can purchase one from the previous model year. You many also have your heart set on a vehicle that the manufacture stopped production on, you won't be able to find it new but you sure can find a used one.

Warranty
One of the greatest benefits of buying new is the manufacture's warranty and the peace of mind of no large repair bills. But don't completely count out used in this category either. Some used vehicles 1 to 2 years old may still have some time and miles left on their original manufacture's warranty. Look up the manufacture's warranty specifications before assuming any vehicle is still under warranty. Also, the installation of some after market parts the previous owner may have added many also void the manufacturer's warranty even if if is still within the time and mileage window.

Certified Pre-Owned
vehicles may also be an option. These vehicles have gone through a stringent certification process and usually have extended warranties associated with them. Learn more about our Certified Program HERE

Contact

LHM Used Car Supermarket Boise

9380 W Fairview Ave
Directions Boise, ID 83704

  • Sales: (877) 999-1752
  • Finance: (888) 505-9348

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