A house is an expensive investment, just like a car. Thus, to get the best out of your prospective car, you must make a sound financial decision. Apart from the buying price of your car, there are other subsequent costs which might be expensive. Although you might want a new Volvo, ever thought of the consequences of buying a used one? These two types have their pros and cons. Here are the benefits of buying a used Volvo in Houston.
Low Price and Depreciation
Most used cars come at lower prices than used vehicles of the same model. The price of a used Volvo in Houston is determined by the depreciation rate. Most new vehicles lose up to 40 percent in the first three years. Thus, once you buy a used vehicle, it will have gone through most of the depreciation, the reason why it’s cheap. Additionally, if you decide to sell the vehicle in the future, the gap between the buying price and selling price may be so small.
No Sales Tax
Most people are afraid of the sales tax that comes with buying a vehicle. Many states have a law that requires sales tax for every new vehicle. However, most of these states exempt the sales tax for used vehicles. Therefore, before deciding on the vehicle you want, research whether you’ll need to pay sales tax.
Low Registration Fees
It is law in most states that every vehicle must be registered for some fee. However, the registration fees are determined by the value of your car. For a used Volvo, the registration fees are lower than for a new Volvo. Therefore, you can avoid high registration fees by buying a used car.
Are you interested in buying a used Volvo? Visit us at Borton Volvo Cars for a test drive.
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Pre-Owned Inventory