Used Vehicles

Buying a car in a competitive market such as Washington, DC, can be daunting due to the ever-increasing prices in the area. According to a recent report by Kelley Blue Book, the average cost of a used car in October 2024 was $25,499, a $138 increase from September's average price. While this price increase might seem mild, it raises the question of whether buying a used car is worth it. This guide explores why buying a used vehicle might still be preferable to a new one and what to look for to ensure you get the best deal.

Why Choose a Used Vehicle?

Choosing a used vehicle is a smart way to get great value without compromising quality. Below are some reasons why you should choose a used car.

Low Price

Although the prices of used vehicles have risen in recent months, purchasing a preowned vehicle is still popular among many car buyers. The most compelling reason for buying used is the massive cost savings potential. While there are always exceptions, used cars are generally less expensive than new ones. On average, a preowned vehicle costs about 30%-40% less than a brand-new one, which means you automatically save more upfront if you buy a used car.

Slower Depreciation

Used cars depreciate slower than new ones, which is a huge plus if you're considering taking the preowned route. New vehicles generally depreciate by 20% of their original cost within the first year and around 40% over the initial five years. In contrast, used cars have already undergone the bulk of their depreciation, so their resale value remains relatively stable.

More Options

Buying a used car gives you a wider pool of options than you would have when purchasing a new one. When buying a new car, your options are limited to your preferred manufacturer's current models. Purchasing a preowned vehicle lets you choose from a range of models, including ones that may have been discontinued.

Lower Insurance Costs

Another significant advantage of choosing a used vehicle is the significantly lower insurance premiums you'll likely pay. Insurance companies typically set auto insurance rates based on the vehicle's value. Since used cars are less expensive than new ones, they're likely to attract lower insurance costs, leading to greater savings over time.

Certified Preowned Programs

Buying a used car allows you to take advantage of the certified preowned (CPO) programs that most dealerships offer today. CPO programs remove uncertainty from the used car purchase process by providing certain perks and guarantees you'd typically only get with new cars. To be listed under a CPO program, a used vehicle must normally undergo a multipoint inspection to ensure all its components are in excellent working condition.

Powertrain Warranties

CPO-certified vehicles usually come with limited powertrain warranties that cover the engine and transmission. So, while CPO-certified vehicles are priced slightly higher than other used cars, they're a safer bet and provide greater peace of mind for drivers seeking to purchase a used vehicle.

What To Look for When Purchasing a Used Vehicle

If you're looking to buy a used car in DC, you'll likely be spoilt for choice. Most car dealerships near Washington, DC, have extensive inventories featuring everything from sedans and SUVs to trucks and minivans. That said, proper due diligence is key to ensuring you get a reliable vehicle that won't cause unnecessary issues once you leave the lot. Below are a few things to pay attention to when purchasing a used car for sale in Washington, DC.

Mileage

Vehicle mileage is a critical factor to consider when shopping for a used car, as it gives you an idea of the state of vital components such as the engine, suspension, and transmission. Cars experience wear and tear over time. So, the more miles a vehicle has racked up, the greater the probability that some of its mechanical components have worn down and will require replacing.

Fortunately, most modern vehicles are built to last many years, so even if one has accumulated significant mileage, it's likely to still drive well if it was well maintained by the previous owner. But to be safe, always opt for a vehicle with lower mileage (under 50,000 miles).

Condition

Regardless of the seller you're buying from, it's important to assess the vehicle's condition before sealing the deal. Performing a visual inspection of the car's condition can unearth hidden issues that might not be apparent from its price or vehicle history.

During the inspection, check for any alignment problems, wear and tear, and the state of vital components such as the engine and transmission. Understanding the vehicle's condition will help you make an informed choice about its maintenance needs and score a better deal when negotiating the price with the seller.

Interior

Since you'll spend considerable time inside your vehicle, you want to ensure the interior is in a good state. Try the seats to ensure they're comfortable and all the adjustments work perfectly. The seating upholstery shouldn't be too worn or torn, as this can negatively affect your enjoyment in the cabin. Check the infotainment components, including the touch screen, instrument panel, and sound system, to ensure they're functional.

Exterior

It's equally important to ensure that the exterior of the vehicle you intend to buy is in great condition. Circle the car while carefully examining its exterior surface for dents, scratches, and rust. Look for any glaring gaps or misaligned panels on the body, as these might indicate poor repair work. You should also carefully examine the paint color and finish to ensure they're uniform throughout the car's body panels.

Why Purchase a Used Vehicle From Easterns Automotive Group?

Easterns Automotive Group is a leading Washington, DC, used car dealer offering an extensive selection of reliable, affordable preowned cars. Our used inventory features offerings from leading automotive companies, including Mercedes-Benz, Chevrolet, Subaru, Tesla, and Ford. Our seamless online ordering process removes the hassle from car buying, and our flexible financing options ensure you can get the vehicle of your dreams while maintaining your financial standing.