What is a Pre-Owned VehicleÂ
While there is no universal definition of a pre-owned vehicle, for our purposes a used car is a vehicle that has had at least one retail owner. Unlike new cars, pre-owned vehicles have been driven and used before being sold again. The conditions of Pre-Owned Vehicles vary widely base on age, mileage, maintenance history, and usage.Â
Pros of Pre-Owned Vehicle
- Reduced Monthly Payments
- Lower Down PaymentÂ
- Reduced DepreciationÂ
- Wide Range of Vehicles to Select FromÂ
- More information and reviews are available for vehicle performance
Cons of Pre-Owned Vehicle
- Limited or Expired WarrantyÂ
- Higher Risk of Mechanical issues
- Limited or no Additional PerksÂ
- Higher Mileage Usage