Buying cars is something that most of us will have to do at one point or another in our lives. Eventually, the time will come to part with our cash and get a vehicle that can facilitate our lifestyle.
But why would somebody buy a used car in the first place? Why not just get one new? Here are some of the reasons.
Getting a quality car brand new often requires spending tens of thousands of dollars. It’s a lot of money – more cash than the average person has lying around in their bank accounts. Usually, if you want to buy a new car, you find yourself searching around, hunting for the cheapest models available. And you don’t always get a lot for your money.
But when you buy a used car, you can often access better vehicles. The price you pay is so much lower – perhaps 70 percent – allowing you to pick up a bargain. You can often get a bunch of features, such as driver-assist and voice control, that you couldn’t afford otherwise.
There’s Less Sticker Shock
Sticker shock is common in the new car market. But when you switch over to the used car arena, it is often the reverse. You quickly discover just how much car you can get for your money, which is always a pleasant surprise.
Warranties Included
In the past, people justified spending large sums of money on new cars because of the fact that they could get a warranty. But even that advantage is no more.
According to Cars Protection Plus, warranties on used cars provide drivers with just as much protection as new cars. Just make sure that you purchase the vehicle from a reputable dealer who has spent time servicing it and making sure that it is ready to hit the road.
Less Depreciation
The moment you drive a new car off the forecourt, it loses 10 percent of its value. During the first three years, it can lose up to 40 percent of the price you originally paid for it. This means that whenever you buy a new car, you have to accept high levels of depreciation.
The same is not true, however, when you choose a used car. In many cases, these have already experienced the majority of their depreciation. So further falls in value tend to be small compared to what happened already.
Get A Detailed Vehicle History
You can also get a detailed vehicle history when you purchase a used car. This provides you with a record of all service and maintenance work done on the vehicle in the past and how it might affect your costs today.
Lower Insurance Fees
Paying insurance costs every month can be a major source of stress – something that affects your well-being negatively. But you can always lower your premiums by going second hand. Insurers will charge you less if your vehicle has a lower replacement value. They may also believe that criminals are less likely to steal it compared to a new car.
