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| West Michigan's Import Newsletter |
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Greetings! Consumer Reports is known for its thorough reviews of new cars. But in the October 2008 issue there's an excellent article, "Why savvy shoppers buy used cars." It's obvious that used cars cost less up front. Now Consumer Reports proves that they also cost less in the long run. We're quoting some of their key conclusions and examples below. To see the complete article, you can buy the October Consumer Reports on the newsstand or read it at your public library. Thank you for trusting Prestige Imports to find and service your vehicles.
Joe Licari, Owner
"A late-model used car can be one of the best values you'll find when buying a car. With relatively low mileage, modern safety and convenience features, and usually a much lower price than similar new vehicles, those used cars are in the sweet spot of auto deals." "A new CONSUMER REPORTS study of owner costs shows that choosing a three-year old car instead of a new one can save you thousands of dollars over the first five years. In many cases that's enough to pay for all of your gas during that time."
"According to the analysis, buying a 2005 Toyota Camry with a V6 engine, for example, could save you about $13,000 over five years compared with buying a new 2008 version. On average, our findings show that you can save 32% in the first five years by buying a three-year old car. Similarly, with a one-or two year old car, you can save 19 and 27 percent, respectively."
"Our analysis also highlights another appealing option of buying used: the ability to get a more upscale model with more features for the same owner cost as a less expensive used car. Buying a new $28,000 Ford Mustang Convertible, for example, would cost you about $42,500 over five years. For about the same five-year cost, you could instead buy a three-year old Porsche Boxster roadster, which is priced at almost $50,000 when new and is a more highly rated, fun-to- drive sports car. "Instead of buying a new Toyota Camry V6, you could own a three-year old Lexus LS 430 luxury sedan for about $2,000 less over five years."
"Reliable late-model vehicles usually have few problems overall. When properly maintained, many vehicles can now reach 200,000 miles without a major problem. That said, if a car hasn't been well maintained, reliability and value are wild cards. Our analysis assumes that the used cars are in good condition."
Finding RELIABLE late-model used cars is exactly what we do so well. Plus, we carry many of those upscale models that will lower your costs AND provide more value in the long run. Take a look at the cars in our online inventory. Or tell us exactly what you want and we'll do our best to find it for you.
This offer appears nowhere else but in this newsletter. Buy any vehicle over $10,000 from Prestige Imports in September 2008 and we will buy your first $100 of gas. Just tell us you read this when you buy the car.
If you had a vehicle serviced at Prestige Imports or came in to shop for a car, we need your feedback. Please visit the survey section of our web site and take a two-minute survey.
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Offer Expires:
September 30, 2008
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Offer Expires:
September 30, 2008
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