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Why Buy Used | Winston-Salem, NC | Credit Union Auto Buying Service

Why Buy Used

Buying a used car can be a great choice for drivers of all ages. Check out these advantages to buying a used car.


Cost is the number one difference between new and used cars. New cars are significantly more expensive than their used counterparts. Drivers on a budget can get the most vehicle for their money by choosing to buy a used car.

The main reason for the price difference is depreciation. Depreciation is the immediate loss in value when a brand new vehicle is driven off the lot by its first owner. This loss in value can amount to 40 percent of the new car’s purchase price.

Used cars have usually lived through their steep depreciation years, so depreciation has already impacted their value. As a result, a used car will provide a slower depreciation rate than a new car.


There’s a limited selection of new vehicles available every year. That selection may not feature the style or options a driver wants. Fortunately, there’s an endless selection of used vehicles available to buyers.

Used vehicles include everything from discontinued models, marques that are no longer in business, and packages that are no longer available. That wide selection of vehicles makes it easy to find the right model to suit your lifestyle and preferences.

Cost to Own

Used cars are much more affordable than new models. On top of the initial savings, owners will also save money during the ownership period. While buyers will still need to pay for registration and other various fees, they can save on other costs, such as insurance. Since it costs less to replace a used car compared to a new model, insurance rates and premiums are generally lower.

Need help finding the used vehicle of your dreams? Visit us at Credit Union Auto Buying Service. We’ll gladly match you with a ride that fits your budget and suits your lifestyle.


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4990 University Pkwy
Winston Salem


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Contact Information

4990 University Pkwy
Winston Salem, NC 27106
Phone: (800) 282-2755
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