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Why A Used Car Can Save You Money | Charleston, SC

Why A Used Car Can Save You Money | Mama’s Used Cars | Charleston, SC
There are tons of benefits to buying a used car - one of the biggest being the price. Overall, used cars are much less expensive to own than a new car, and not just for the sticker price. Here are some ways a used car can save you money.


Lower Purchase Price


Obviously, the overall price of a used car is lower than the price of a new car. The sticker price, even on a car that’s only 2 - 4 years old, can be up to 50% less expensive than the price of the same car when it was new. This lower sticker price means that you will have a lower down payment as well as lower monthly payments, making it more affordable up front and more affordable month-to-month.


Lower Depreciation


When you buy used, you’re missing the biggest depreciation of the car’s life, which means you get incredible value. Since new cars suffer 30% to 50% of their value depreciation just in their first three years, new car owners lose much of their money those first three years. When you purchase a used car, you lower the risk of going “upside-down” on a loan, since the value of your car will decrease much slower than if it were new.


Lower Insurance Costs


It surprises many people to know that insurance costs for a used car are typically lower than for a new car. While many think that insurance costs are based solely off of the risk of a car, it’s based off of the value of the car as well. Since used cars are valued lower than new cars, insurance for used cars is less expensive month-to-month.


Lower Registration Fees


Registration can be a surprising fee that comes about every year. In most states, the registration fee is based upon the vehicle’s model year as well as overall value. For used cars, you’ll see a difference in the registration fee not just initially, but even year-to-year.

Finally, one last benefit of a used car is that in the Charleston area, you can come get them at Mama’s Used Cars. Come and look at what we have in stock today!

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2324 Savannah Hwy
Charleston
SC
29414

Hours

  • Monday
    9:00am-8:00pm
  • Tuesday
    9:00am-8:00pm
  • Wednesday
    9:00am-8:00pm
  • Thursday
    9:00am-8:00pm
  • Friday
    9:00am-8:00pm
  • Saturday
    9:00am-7:00pm
  • Sunday
    Closed

Contact Information

2324 Savannah Hwy
Charleston, SC 29414
Phone: (843) 556-6262
- + Disclaimers