If you want to get your own vehicle but want to save money as well, buying a used car can help you in many ways than you have ever imagined. However, there are a lot of questions involved when it comes to purchasing a used one.
What are the advantages of buying a used car?
The very first question that comes to mind is whether you should really buy used or new. But if you are trying to work on a tight budget, don’t worry because there are plenty of other good reasons on why you should be getting a used car.
1. Buying a used car can help you save money
This might be a pretty obvious reason but you should know that used cars are 50 percent cheaper than the brand new ones. When you get a used car, you will be able to pay for it faster using financing fees. Then six years after the purchase, you could already opt for a nicer car or buy another vehicle.
2. You can enjoy better depreciation benefits
The value of a new car depreciates very fast, and this is one of the major complaints of many consumers. When you go for the used vehicles, the bulk of depreciation has already occurred. You won’t even have to worry about the things that need some little fixing like chipped off paint and the like because chances are, these things might have already been taken care of by the previous owner.
3. You can avoid additional car fees
Buying a brand new car is something that normally happens at the dealership and that means it entails a lot of fees, including advertising, preparation, and processing. If these fees are accumulated, they can add up to hundreds of dollars.
On the other hand, if you will be purchasing a used car from a private party, you will be able to avoid these fees. A deal on a new car potentially hides a lot of fees. Avoid experiencing these when you buy a used vehicle.
4. Used cars have lower customization costs
When buying a used car, you will not have to settle for costly dealership add-ons. In fact, you can even have your own installed which is definitely at a lower cost than a new car. This is indeed a great way for you to save money.
5. Used cars are certified and are thoroughly inspected
When you purchase certified pre-owned vehicles, you can be assured that you will be getting a quality and thoroughly inspected car. This is because the manufacturers refurbish and certify these cars to ensure that the vehicle is of high quality before releasing it to the new owner. Aside from this, certified pre-owned vehicles possess an extended warranty and benefits. The only assurance you get from brand new cars – they’re new.
6. Some used vehicles still have their warranties
There are some used vehicles which still have their original warranty with them, and other vehicles can just create a new one. If you have an extended manufacturer warranty on your pre-owned car, you get to enjoy the benefits of having trained technicians to repair your car with quality parts and efficient service.
7. Your used car is better for the environment
When you buy a used car, you are helping reduce the carbon dioxide emitted into the air. They also have a less damaging impact on the environment compared to the newer and hybrid models.
8. You can enjoy cheaper annual registration fees
Most of the time, in most places in the country, your annual registration fee will depend on your car’s value as well as its model year. The rate is at its highest during its first three years and then it will level off after five years. If you buy a not-so-new car, you will be able to avoid expensive registration fees, especially when you purchase something that’s at least three years old.
9. There’s a wider range of options when it comes to car models
If you opt for a used car, there will be a wider range of selection for you to choose from. That means your options are not going to be limited to the models that were just recently released.