A certified pre-owned vehicle is a vehicle that's had a previous owner. These used vehicles are inspected by our team of professional technicians to ensure everything is in peak operating condition based on the vehicle's age and previous ancient history. When you choose to buy a certified pre-owned vehicle, you know that it's in the best condition possible because a multi-point inspection covers all the major systems of the vehicle. To learn more about the inspection process and certified pre-owned vehicles, you can speak to a professional team member from Sioux Falls Ford.
Advantages of Buying a Pre-Owned Vehicle
There are several advantages to buying a used vehicle, including having more information about the vehicle's performance compared to a brand-new car and knowing the vehicle's history. You can also know what accessories and features the car comes with, especially aftermarket features that a previous owner may add to the car before you purchase it. To learn more about the advantages of buying a certified pre-owned vehicle, read the sections below:
Save Money
A major advantage of buying a certified pre-owned car is that you can save a lot of money. New cars can be quite expensive, while a used car might be slightly older but still have similar performance values to the new models of the same vehicle. While the cost of each vehicle can vary based on several factors such as age, accident history, and damage to the vehicle, pre-owned vehicles are always less expensive than a new car. This is because the vehicle goes through a process called depreciation for its entire effective lifetime.
Minimize Depreciation
Depreciation is the rate at which assets, such as cars, lose value as they experience use, wear, and time. For cars, the largest amount of depreciation occurs during the first year after purchase. A vehicle can depreciate up to 30% of its value in the first year, but after that, the depreciation rate is relatively even for the rest of the vehicle's lifetime. This means that if you buy a new car for $30,000, then the car loses almost $9,000 of its value in the first year.
If you buy a used car, especially a car beyond its first year of ownership, this value loss is much less. For example, if you buy a pre-owned vehicle for $24,000 you may only experience a 15% to 20% depreciation rate the year you purchase it. So for the $24,000 car, it may only lose $3,600 to $4,800 in value. This rate remains relatively the same for the rest of the car's functional lifetime, so it loses less and less value each year.
Find Financing Options
When you're prepared to buy a certified pre-owned car, Sioux Falls Ford Lincoln can help you find financing options to afford your car. These options can give you a variety of ways to pay for your new vehicle. For example, you can research different rates to pay for your vehicle, choosing between long-term lower rates, or short-term higher rates. These rates can also vary based on the initial down payment you place on the car. This is because putting a larger down payment, or initial payment on a vehicle can reduce the total value you owe, giving you lower rates.
At Sioux Falls Ford Lincoln, we have a team of professionals who can research different options for you. This allows you to find the best rates through the dealership, which means you can get the best rates possible for the area. Our combination of finance professionals and community connections ensures we have plenty of options from which you can choose.
Find a Large Selection of Used Cars, Trucks, and SUVs
At Sioux Falls Ford Lincoln, we have a large selection of cars, trucks, vans, and SUVs you can choose for your next vehicle. To learn about our options, you can look at our certified pre-owned inventory, or schedule a visit to our location to look at vehicles and discuss your options with one of our professional team members. We have options for every type of driver, whether you're making business trips across the country or driving your family around on errands.
Nice Care
At Sioux Falls Ford Lincoln, we offer you coverage for your decision to purchase a certified pre-owned vehicle. With our
Nice Care warranty, we provide routine wear maintenance on your certified pre-owned vehicle for 12 months or 12,000 miles. This means that we're confident in the quality of our certified pre-owned vehicles and are sure you'll be happy with your purchase. During this period, we provide complementary engine, transmission, front and rear axles, brake pads, tires, bulbs, batteries, wiper blades, hoses, spark plugs, and belt repairs to keep your vehicle in the best condition possible.
Our Nice Care warranty also covers your decision to purchase a certified pre-owned vehicle. If you choose to return the vehicle within seven days, and it's in the same condition as when you left, then we give you your money back. Within 30 days, and assuming your vehicle is in the same condition s when you bought it, you can bring the vehicle and exchange its purchase value for another certified pre-owned vehicle we have in stock. These allow you to know you made the right decision before committing to the vehicle you choose.
Now that you know about getting a certified pre-owned vehicle at Sioux Falls Ford Lincoln, you're prepared to research our inventory of used vehicles. Beyond these services, we also offer maintenance services and finance options. At our service center, you can schedule routine maintenance for your vehicle, find parts and repairs for Ford and Lincoln vehicles, and explore options for parts and accessories. At our finance center, you can learn about ways to pay for your next certified pre-owned or new vehicle you purchase from us. Contact us to learn more.
The local South Dakota drivers who come through our doors seek a reliable means of transportation that will not break the bank. Here at Sioux Falls Ford Lincoln, we know how vital it is to find a car that is reliable, affordable, and modern. That is why we have a huge selection of affordable used cars available. With our certified pre-owned Ford models you get further benefits and additional assurances.
If you would like to learn more about our selection of vehicles, including our certified pre-owned inventory, we invite you to visit us at Sioux Falls Ford Lincoln in Sioux Falls, South Dakota. Our team can answer all of your questions. Visit us today and we will happily help you set up a test drive with your favorite option on our lot.