Category Archives: Used Vehicles

Is it a Good Idea to Buy a Pre-Owned EV?

Electric vehicles are more popular than ever, thanks to increased commitment from major automakers in the United States. Unfortunately, as a result of their state-of-the-art technology, EVs can often be more expensive to purchase new than traditional gas-powered vehicles. If you’ve been interested in buying one but haven’t wanted to pay a premium new car price, consider purchasing a pre-owned EV from Village Motors of Conover.

Depreciation Savings

The biggest reason that used vehicles tend to be more affordable than new models is their rate of depreciation. New models immediately lose value upon purchase, but pre-owned cars have already taken that hit. As a result, you’ll pay less for a pre-owned EV upfront.

Gas Savings

On top of saving money when you purchase your used EV, you’ll also save money on gas. If you opt for a pre-owned hybrid or EV from Village Motors of Conover, you’re sure to enjoy increased fuel economy and possibly avoid paying for gas altogether.

Features

When you buy an EV from Village Motors, the money you’ll save can be used to spring for premium features you might not have otherwise been able to afford. Cars don’t change a lot from year to year, which means you can still enjoy the same modern technology features in a late model EV without paying a premium.

Visit Village Motors of Conover today to browse our large inventory of pre-owned EVs.

Is Now A Good Time To Get A Great Deal On A Used Car?

While not all of the headlines we’ve seen in 2020 have been uplifting, this year does have at least one treat in store. If you’re in the market to buy a used car, the experts think this may be the time.

The Manheim Used Vehicle Index features a Manheim Market Report that looks at changes in the market. It found that there was an almost 12 percent drop in wholesale used vehicle prices in early April, compared to March prices. The report found that prices fell in all major segments, with vehicles that were three years old falling almost 5 percent.

Car and Driver compiled a list of vehicles that they recommend in the $5,000 range. It included favorites like the Ford Ranger, Toyota Sequoia, Honda Accord, and Jeep Wrangler. iSeeCars also released its recommendations, and it featured a 2015 Mazda6 for around $13,000 that was the best option in 20 metro areas.

It is worth noting that you may get less money for your used vehicle if you choose to sell it or trade it in. So, make sure to factor that into your decision-making process. Of course, the financial experts here at Village Motors of Conover are always ready to work with you do secure a great deal on your trade-in.

Additionally, despite the dip in the market, the Manheim Market Report found that sales for used luxury cars and SUVs are still going strong.

If you’re ready to get the deal of a lifetime on a high-quality used vehicle, please stop by Village Motors of Conover and browse our lot.