There are several reasons why used cars can be a better value than new ones:


  1. Less depreciation: A new car loses a significant portion of its value as soon as it is driven off the lot, whereas a preowned car has already undergone this initial depreciation.

  2. Lower insurance costs: Insurance costs for preowned cars are generally lower than those for new cars.

  3. Lower dealership fees: Dealership fees for preowned cars are generally lower than those for new cars.

  4. More bang for your buck: Preowned cars often offer more features and amenities for the same price as a new car.

  5. More peace of mind: Preowned cars have a proven track record, so you can research their reliability and performance before making a purchase.


It’s worth noting that the current global shortage of semiconductor chips and other supply chain issues has caused serious delays in the production of new vehicles. As a result, many people are turning to preowned vehicles instead . However, it’s important to do your research and inspect any preowned car thoroughly before making a purchase to ensure that you’re getting a good value.