3 reasons to consider a pre-owned vehicle for your next car purchase

When thinking about your next vehicle purchase, put a pre-owned vehicle on your radar as a potential candidate.

Here are our top three reasons to consider a pre-owned vehicle for your next vehicle purchase:  

1. Depreciation value - if your looking at a pre-owned vehicle purchase, typically a large chunk of depreciation occurs in the first year of ownership. Look at model years from 1-3 years old to maximize value.
2. Mileage - take into consideration the above point and mileage should be relatively low for a 1-3 year old vehicle.  On average, 25,000 km per year is typical - apply this as a rough multiple as a benchmark.
3. Price - honing your vehicle search age range to 1-3 years offers the advantage of retaining a portion of the manufacturer warranty.  Additionally, to determine an approximate market value of the vehicle your researching, consider auto trader.ca  and utilize their price range function.