Do you have your sights set on a pre-owned Cadillac car near Orange Park, FL? The advantages of buying a pre-owned vehicle are many. Here are some of the benefits associated with getting a Cadillac automobile with some existing mileage under its belt.
Avoid the Depreciation Hit
Car depreciation rate differs between models. However, the average estimate is about a 40% loss in value in the first year of a new vehicle. When you buy a pre-owned Cadillac car, the prior owner already took on the burden of the depreciation. Once a car is three or more years old, it only depreciates at about .10% of its original value per year.
Lower Insurance Rates
Several factors determine your vehicle insurance rates, such as model, driver history, location, and vehicle year. Older model years have lesser value because of the depreciation. Consequently, this also makes insurance rates lower compared to insuring a current-year vehicle.
Reliability
If you aim for a certified pre-owned (CPO) model, then the car is on par with a new vehicle in terms of reliability. CPO Cadillac vehicles undergo a 172-multi-point inspection. All worn parts are replaced with OEM components, and purchases come with a one-year unlimited mile warranty.
Similar Features
If you buy a pre-owned car from a recent year, then it might have comparable features as a 2022 Cadillac of the same model. Sure, there will be some design and technology differences, but the core features are more or less the same.
Visit Fields Cadillac Jacksonville to see our pre-owned inventory. The inventory is updated often, so visit our website or showroom and reap the cost-saving benefits of owning a pre-owned automobile.
Categories:
Pre-Owned Inventory
