Why pre-owned vehicles are a great value, especially from us
At Uebelhor & Sons Cadillac Vincennes in Vincennes, IN, we know there are many upsides to getting a brand-new car. That ranges from the many miles of trouble-free ownership to the emotional rewards of driving with the latest features and the newest styles. But there are also many advantages when you buy a quality pre-owned car, truck or SUV - and we believe those benefits are greater when you buy from us. Here are some reasons why.
When you buy a quality pre-owned car, depreciation is on your side
While it's true that we've been through a very unusual period in which used cars have recently appreciated in value, that is not the norm and won't last forever. In fact, there are signs the increase in used car values may be peaking. In a more typical period around Princeton or Terre Haute, IN, a pre-owned car will have gone through that initial "new car depreciation" and can now be purchased at a significant discount.
Even in today's sometimes upside-down world, almost any used car you look at will be discounted substantially from its original price. That means depreciation is working in your favor because it typically allows you to buy a good vehicle that will cost you a lot less than a new car. What's more, if that car has been well-maintained around Mt. Carmel or Washington IN, it can give you a long life with relatively few repairs.
Shopping for a used car gives you more variety to choose from
It's been estimated that the new car market introduces about 300 new models every year. The used car market is far bigger because it includes all those new cars introduced in past years. When you shop for a pre-owned car at Uebelhor & Sons Cadillac Vincennes, you can not only choose from our many fine used Buick, GMC and Cadillac models, we also offer used cars from many other trusted brands like Toyota, Honda, Jeep, BMW, Ford and Tesla.
You can often measure the reliability of a used model but not a new model
When you buy a used car, you can look online at the reliability record of that car for that model year. Some vehicles go through a time when the car, truck or SUV just "didn't have a good year" in terms of reliability. You can check online to see what actual owners thought about that specific car and how reliable it was. That's in addition to your research on the brand's reliability and that's an advantage only a pre-owned car can give you.
Millionaires drive used cars: Do they know something the rest of us don't?
Studies have shown that about three-quarters of people who have at least a million dollars in assets drive pre-owned cars. In fact, about 55% of millionaires drive cars that are at least two years old. One reason is because millionaires are value-conscious people who are very aware of that big depreciation hit a typical new car takes the moment it's driven off the lot. A used vehicle has been through that initial drop and often depreciates more slowly.
With a lower price tag, a used car lets you buy a higher trim with more features
When you buy or lease a pre-owned model like a recent version of a GMC Sierra 1500 Denali or a late model Cadillac XT5, you're getting some of the same recently-introduced features you'd find on a new model. Yet the price tag is lower. You can buy a higher trim level than you might find affordable on a brand-new version. Browse our complete used inventory and schedule a test drive at Uebelhor & Sons Cadillac Vincennes in Vincennes, IN.
