If you are contemplating the purchase of new or used cars in today’s market, you may already know that there are many pros and cons to purchasing a used vehicle.

Advantages to purchasing used cars include the fact that many certified vehicles are available which come with an extended warranty, avoidance of taking the depreciation hit and loss of value that occurs with the purchase of new cars, and of course a lower price tag.

Rapid depreciation is one of the biggest disadvantages to buying a new car, most people are aware that the minute you drive your new car off of the lot, it begins to depreciate and technically it is no longer a new car.  Most new models depreciate at the rate of approximately 55% the first 3 years, but this really varies depending on the make and model. the Ford Crown Victoria which compares at about 67% loss. Many factors are considered regarding the rate that a car depreciates such as the car’s dependability rating, how popular a particular brand or model is, and what level of supply is available.  Used Ford trucks are becoming more and more difficult to find these days because of a lack of lease vehicles being returned, so subsequently their depreciation rate is lower than many other automobiles.

Although you can usually expect to pay lower interest rates, but that does not necessarily make up for higher sticker prices.  With a 1% difference in interest rates it equates to a difference of only about $15 for a monthly auto loan payment.

To test drive used Ford cars, visit your local Sunset Ford dealer located in two convenient locations including St. Louis and Waterloo in Illinois.