There’s an amazing selection of Woodhouse used cars, but how are you supposed to decide on just one of our many options? Buyers can tend to get caught up in their own research into specific models, forgetting a crucial component to consider: the vehicle’s age. The age of a used vehicle should never be overlooked, but is there a perfect time to buy used?
Depreciation vs. Repair Costs
One of the major disadvantages of purchasing a new vehicle is the almost immediate depreciation in value it experiences during its first few years on the road. Over the course of its first three years in your possession, your vehicle can lose as much as thirty percent of its original value. This may be difficult for owners trying to sell their vehicles but can be beneficial for buyers in the market for a used vehicle.
On the other hand, as vehicles age, their average yearly repair costs tend to go up. This is due in large part to the wear and tear they experience on the road, but also can be a result of previous owners not regularly maintaining them. This is largely a concern on the part of the buyer, as they will be the ones responsible for the repair costs.
Best Age to Buy Used
Due to the two considerations mentioned above, the general consensus of the best age to buy a used vehicle is two to three years after it was bought new. This is because the value has depreciated enough to help buyers save on the up-front cost, but it has not aged enough to require costly repairs.
Our selection of used and certified pre-owned Lincoln vehicles is here and waiting for buyers like you to come check them out. Put your new knowledge to work, and maybe you’ll find your next dream ride at Woodhouse Lincoln.
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