3 Myths about Buying Pre-Owned
While researching vehicles is always helpful, it's important that you have access to accurate information. For example, if you will be buying a pre-owned GMC soon, there are some myths floating around that could affect your purchasing decision. Today, we want to debunk some common pre-owned car-buying myths so you're fully informed.
Myth #1: You Need to Pay Cash for a Pre-Owned Car
Think you need to bring a huge check to our dealership to drive home in a pre-owned car? You’re certainly not alone. Many people harbor this misconception.
The truth is that just like with new vehicles, you will have the option to finance your pre-owned model. This gives you the opportunity to get a great car without needing to put up a lot of money upfront.
Myth #2: Pre-Owned Cars Aren't Worth the Cost
Quite a few folks think buying a new car is worth the big expense. However, financially speaking, it may make a lot more sense to go the pre-owned route.
New cars lose a lot of their value very quickly – perhaps by as much as 40 percent in their first four years of being owned. With a pre-owned model, however, you get to avoid much of that depreciation.
Myth #3: Pre-Owned Cars Don’t Have Any Warranty Coverage
This couldn't be further from the truth. If you decide to go with a certified pre-owned vehicle, you can get a lot of protection.
First of all, when you buy certified pre-owned, you will get the remainder of the six-year/100,000-mile extended powertrain limited warranty. Once that expires, you will also get a 12-month/12,000-mile extended new car bumper-to-bumper limited warranty.
Want to learn about more myths surrounding pre-owned and certified pre-owned cars? Come down to McGuire Buick GMC near Wayne and we'll give you the full scoop.